From Yahoo Finance: 2025-03-29 13:02:00

Bitcoin mining company MARA Holdings (MARA) is launching a $2 billion stock offering to buy more bitcoin following its “Hodl” strategy. MARA entered into an at-the-market equity program with investment banks like Barclays and plans to use the proceeds for bitcoin acquisition. This new sales plan follows a previous $1.5 billion offering.

MARA has adopted Michael Saylor’s strategy of raising funds through equity and convertible bond offerings to buy bitcoin. The miner currently holds 46,376 BTC in its treasury, making it the second-largest publicly traded bitcoin stash. The decision to buy bitcoin in the open market was made due to challenging mining conditions after last year’s halving cut mining rewards by half.



Read more at Yahoo Finance: Bitcoin Miner MARA Starts Massive $2B Stock Sale Plan to Buy More BTC