Bitcoin Miner MARA Starts Massive $2B Stock Sale Plan to Buy More BTC

MARA Holdings, a Bitcoin mining company, is set to launch a $2 billion stock offering to acquire more BTC, adhering to its "Hodl" strategy. This follows a previous $1.5 billion offering and involves an at-the-market equity program with several investment banks. Despite the challenges posed by reduced mining rewards, MARA has shifted focus to purchasing Bitcoin in the open market, currently holding 46,376 BTC, making it the second-largest publicly traded Bitcoin holder. This strategic pivot underscores the evolving landscape of Bitcoin mining amid rising costs. Learn more about their approach and market impact. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk