MARA Holdings Inc (CRYPTO: MARA) on Monday announced it sought to raise up to $2 billion through a stock offering to expand Bitcoin (CRYPTO: BTC) reserves
What Happened: The firm submitted paperwork to the U.S. Securities and Exchange Commission, outlining its strategy to sell shares via an at-the-market agreement.
This deal involves prominent financial players like Barclays Capital, BMO Capital Markets, and Cantor Fitzgerald, among others, who will facilitate the sale.
MARA intends to channel the funds into expanding its bitcoin reserves and supporting day-to-day operations.
The company emphasized its long-term vision, stating that its core strategy revolves around mining and holding Bitcoin as a key asset for future growth.
With an existing stash of 46,374 Bitcoin—valued at approximately …
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