Key Insights
- Mara Holdings is looking to generate $2 billion from Stock Sales, partnering with Barclays Capital Inc., BMO Capital Markets Corp, BTIG, LLC, Cantor Fitzgerald & Co., and Guggenheim Securities.
- The proceeds from the stock sales would be used for general corporate purposes, including acquiring more Bitcoin.
- Mara Holdings remains the second largest corporate holder of Bitcoin, holding about 46,374 BTC, worth around $3.9 billion.
Mara Holdings, a recognized Corporate Bitcoin investor, wants to generate $2 billion from selling its stock. The proceeds of this transaction would be used to acquire fresh Bitcoin and increase the company’s BTC holdings.
The New move by the US-based Bitcoin miner was revealed in a Form 8-K filed to the United States Securities and Exchange Commision. The form revealed specific transaction details, including Mara holding partners for the deal and the amount in question.
“ On March 28, 2025, MARA Holdings, Inc. (the “Company”) entered into an At The Market Offering Agreement (the “Agreement”) with Barclays Capital Inc., BMO Capital Markets Corp., BTIG, LLC, Cantor Fitzgerald & Co., Guggenheim Securities, LLC, H.C. Wainwright & Co., LLC and Mizuho Securities USA LLC in their capacities as agents (each, an “Agent” and together, the “Agents”) with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock, par value $0.0001 per share (“Common Stock”), having an aggregate offering price of up to $2.0 billion (the “Shares”) through one or more of the Agents or directly to such Agents acting as principals for their accounts at a price and on terms agreed upon in separate written agreements”. The Form Read in Parts
Mara Holdings stated that it intends to use the funds generated from the deal for general corporate purposes, including acquiring Bitcoin.
Michael Saylor Inspired
The Move by Mara Holdings aligns with a recurring theme in Strategy’s Bitcoin Acquisition strategy. Strategy led by Michael Saylor has also sold its stocks to acquire more Bitcoin, and its chairman has popularized this tactic.
Mara Holdings, which trails Strategy in the number of BTC held in reserves, is copying this move from Strategy, which remains the largest corporate holder of Bitcoin.
Read More: Michael Saylor’s Poll Reveals 78% of Investors Plan to Increase Bitcoin Holdings by 2025
Mara Holdings currently holds 46,374 BTC, worth around $3.9 billion, in its coffers. This makes the Bitcoin Mining Firm’s Second Behind Strategy in the number of BTC held in reserves.
The company’s CEO Fred Thiel said it was going Full HODL and wouldn’t sell any of the Bitcoin it mined to fund its operation, Cointelegraph reported.
At the time of the report, Mara Shares has fallen 8.58% in the past 24 hours, going for 12.47 USD per Share.
Conversely, Bitcoin is exchanging hands for $81,830, dropping by 1.5% in the last 24 hours.
