MARA Holdings, the U.S.’s largest Bitcoin miner, is raising up to $2 billion through an at-the-market (ATM) stock offering. The funds will primarily be used to acquire more Bitcoin and support general corporate operations, reinforcing the company’s long-term “hodling” strategy.
Partnership with Financial Firms
According to a March 28 filing with the U.S. Securities and Exchange Commission (SEC), the Bitcoin miner is partnering with leading financial firms, including Barclays, Cantor Fitzgerald, and Guggenheim Securities, to facilitate the stock sales.