MARA Holdings, One of the World’s Leading Bitcoin Mining Companies, Has Made a New Move to Buy Bitcoin! Here Are the Details

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MARA Holdings, one of the world’s leading Bitcoin mining companies, announced that it will sell $2 billion worth of stock. The company plans to use the proceeds to purchase Bitcoin and for general corporate purposes.

MARA Holdings Plans $2 Billion Stock Sale to Purchase Bitcoin

MARA Holdings reached agreements with Barclays Capital, BMO Capital Markets, BTIG, Cantor Fitzgerald, Guggenheim Securities, HC Wainwright and Mizuho Securities for the share sale.

Sales will occur at market prices on Nasdaq and other trading platforms, and representatives will receive up to 3% commission on gross proceeds from sales.

Move to Strengthen Bitcoin Strategy

MARA Holdings, formerly known as Marathon Digital Holdings, operates one of the largest Bitcoin mining operations in the world. The company has recently shifted to a strategy of owning and operating more of its mining facilities.

He stated that he preferred to take direct control over energy resources in order to reduce operational costs and improve margins.

MARA Holdings currently has around 70% of its capacity and is increasing its investments in renewable energy projects.

The move is seen as part of the company’s strategy to expand its Bitcoin holdings. MARA is currently positioned as one of the largest institutional Bitcoin holders among publicly traded companies and ranks as one of the largest investors in the space after Michael Saylor-led Strategy.

The timing and pricing of the share sale will depend on market conditions, and the company noted that the offer could be suspended or canceled at any time.

MARA shares closed at $12.47 on Nasdaq on March 28, 2025. The company’s stock performance continues to fluctuate in direct correlation to Bitcoin price movements.

*This is not investment advice.

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