Bitcoin mining company MARA Holdings is launching a $2 billion stock offering. The funds will primarily be used to acquire more bitcoin in the open market. MARA has entered into an at-the-market equity program with several investment banks, including Barclays and BMO Capital Markets. The company plans to use the net proceeds for general corporate purposes, with a focus on buying bitcoin and supporting working capital. This new stock sale follows a previous offering that targeted up to $1.5 billion. MARA currently holds 46,376 BTC in its treasury, making it the second-largest bitcoin holder among publicly traded companies. The firm adopted a strategy last year to buy bitcoin in the open market, despite the challenges posed by the halving of mining rewards, which reduced profits due to increased costs.
Litest
@LitestApp
·
7h BREAKING:
PUBLICLY-LISTED MINING GIANT MARA HOLDINGS TO SELL $2 BILLION WORTH OF STOCK TO PURCHASE MORE BITCOIN.
YOU’RE NOT BULLISH ENOUGH!
Ajax
@AjaxBTC
·
19h BREAKING: Publicly-Listed Mining Giant Marathon Holdings ($MARA) Plans to Sell $2 Billion Worth of Stock to Buy More #Bitcoin!
Crypto Patel
@CryptoPatel
·
13h BREAKING: Public Bitcoin mining giant Marathon Digital (MARA) announces plans to sell up to $2 billion in stock — all to accumulate more #Bitcoin.
The bullish conviction is REAL.
Big players are doubling down.
Are you ready?
#BTC #CryptoNews #MARA #BitcoinHalvin #Crypto
MartyParty
@martypartymusic
·
17h Marathon Digital
@MARAHoldings
$MARA announces $2b investment into accumulating more #Bitcoin using or transferring debt. This is the playbook.
@MicroStrategy
,
@gamestop
,
@Metaplanet_JP
, US Government and States,
@MARAHoldings
the list is growing.
Seems we all doing this if
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