Bitcoin Miner Mara Holdings goes all the way back to BTC – this time with a $ 2 billion war box.
The largest listed Bitcoin-Mijnbouwbedrijf, formerly Marathon Digital, unveiled in a form 8-K and prospectus submitted to the US Securities and Exchange Commission (SEC) that it has entered into an AT-the-Market (ATM) agreement with large financial companies, including Barclays Capital, Bmo Fital, Bmo Fital, Bmo.
The agreement enables them to sell up to $ 2 billion in Mara shares “from time to time”, with revenues reserved for “general business purposes, including the acquisition of Bitcoin and for working capital.”
From now on Bitcoin is traded at $ 81,416.81, around 2.4% decrease in the last 24 hours, according to Coingecko data. Analysts said that investors have responded to an increased tension from the trader war and signs that inflation could remain higher in the course of the Overing.
Still, investors seemed careful. Yahoo Finance data shows that the shares of Mara fell by 8.58% on March 28 to $ 12.47, because the shares of crypto mining in broad lines fell in the midst of macro -economic uncertainty.
The newest offer gives Mara’s intention to double on a treasury strategy that is rapidly gaining popularity at companies – Van Gamestop’s $ 1.3 billion convertible Nootplan to other major players such as Semler Scientific and Japan’s Metaplanet.
The strategy was made famous by Michael Saylor’s software company Strategy (formerly Micro Strategy), which has changed aggressive Bitcoin accumulation in a business identity.
Strategy currently leads all public companies with 506.137 BTC on its balance. Mara is the following in line, with 46,374 BTC – almost $ 3.8 billion for the current prices, according to data from Bitcoin Treasuries.
Last July, Mara CEO Fred Thiel said that the company ‘full of HODL’, is committed to retaining all the BTC mined and even ‘periodically strategic purchases on the open market’.
The SEC request only comes a few weeks after Mara recorded record wins for Q4 2024, with a turnover of 37% on an annual basis to $ 214.4 million and the net income that jumped 248% to $ 528.3 million.
Despite a decrease in the BTC production of 27% due to the Halving of April, the rising Bitcoin prices helped to beat Mara’s expectations by $ 1.24 in profit per share.
Published by Stacy Elliott.
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