MARA Holdings just announced that its Bitcoin treasury is nearing $6B after mining 705 Bitcoins in August with an average of 22.7 tokens per day.
This performance is the result of an increase in hashrate to 59.6 EH/s and the company enabling its Texas wind farms.
This shows that the company is preparing a long-term investment strategy, similar to what Michael Saylor’s Strategy is doing. Strategy currently has the largest Bitcoin treasury in the world, with 636,505 $BTC, valued at nearly $70B.
More importantly, Saylor is likely to make another move now that Bitcoin lost its momentum after jumping over $113K briefly yesterday. Another massive investment would create another pump, this time hopefully getting Bitcoin over the psychological threshold of $115K.
Even Ethereum ranks higher with its 16 TPS on the 17th position, while Solana is second with up to 1,000 TPS and a theoretical value of 65,000.
So, it’s only natural that Bitcoin Hyper would target a Solana-level performance boost for Bitcoin, which it plans to achieve with tools like the Canonical Bridge and the Solana Virtual Machine (SVM).
The Canonical Bridge connects Hyper to the Bitcoin network and relies on the Bitcoin Relay Program to confirm transactions in seconds, rather than hours.
The Bridge then mints the users tokens into Hyper’s Layer 2, decongesting the main network and reducing traffic significantly.
The Solana Virtual Machine offers another performance boost by unlocking the ultra-fast and low-latency execution of smart contracts and DeFi apps. This brings the Bitcoin network to Solana-level performance numbers.
This makes the Bitcoin network a feasible choice for institutional investors, which will turn Bitcoin mainstream and push $BTC to obscene heights.
By 2030, $HYPER could reach $1.50 with enough community support, which translates to an ROI of 11,559%.
Given Bitcoin’s past performances over the last six years, the growing institutional interest, and companies like MARA creating a mining empire, we predict a powerful October bull.
There’s no telling how high Bitcoin can get, but October has been Bitcoin’s most profitable month historically, with only two red months in 12 years.
Don’t take this as financial advice. Do your own research (DYOR) before investing.
