MARA’s $2B Bitcoin Plan: How Will it Impact the Crypto Market?

Bitcoin mining giant MARA Holdings is pushing forward with its aggressive strategy of accumulating cryptocurrency, announcing a $2 billion stock offering to purchase even more Bitcoin. The company currently holds 46,374 BTC, placing it second only to MicroStrategy’s massive portfolio of 214,400 BTC. This latest move will be carried out through an at-the-market (ATM) equity program involving major investment banks like Barclays, BMO Capital Markets, BTIG, and Cantor Fitzgerald, who will sell MARA shares periodically. These proceeds will be allocated primarily to purchasing Bitcoin on the open market.