MARA’s $2 Billion Bitcoin Plan: Potential Impact on Market Dynamics

Bitcoin mining giant MARA Holdings is doubling down on its aggressive investment strategy, announcing a $2 billion stock offering to purchase more Bitcoin. The move comes as the company already holds 46,374 BTC, making it one of the largest publicly traded Bitcoin holders after MicroStrategy, which boasts over 214,000 BTC. This latest capital injection will be facilitated through an at-the-market (ATM) equity program involving major investment banks like Barclays, BMO Capital Markets, BTIG, and Cantor Fitzgerald. Proceeds from this program will primarily fund the purchase of Bitcoin on the open market.