MARA Holdings Plans $2 Billion Stock Offering to Increase Bitcoin Holding

MARA Holdings Inc., formerly Marathon Digital, is planning a large stock offering of up to $2 billion to acquire more Bitcoin. This follows a strategy similar to that of Michael Saylor, CEO of MicroStrategy, who has amassed significant Bitcoin holdings through strategic stock sales and offerings. Marathon, currently ranked as the second-largest publicly traded Bitcoin holder after Strategy, will use the proceeds from this offering for general corporate purposes, including purchasing Bitcoin.