The Bitcoin mining company, Mara Holdings (Mara), is launching a new offer of $ 2 billion to buy more bitcoin, continuing its BTC purchase plan on the free market through Rauge Capital while getting along with its “Hodl” strategy.
According to an 8-K form and a new prospectus filed with the Securities and Exchange Commission (SEC) of the United States, Mara participated in an action program in the market (ATM) with a group of investment banks, notably Barclays, BMO Capital Markets, BTIG, Cantor Fitzgerald and others. The product of the offer, which will see brokers selling the actions of the minor from time to time, will be used mainly for the acquisition of bitcoin on the free market.
“We are currently intended to use the net product of this offer for general companies, including the acquisition of Bitcoin and the working fund,” said Mara in his prospectus.
This new cost -owned stock sales plan follows a previous ATM offer which targeted up to $ 1.5 billion for the minor.
Mara has adopted Michael Saylor’s strategy aimed at raising funds through convertible bond and purchase purchase and buying on the free market. The minor now holds 46,376 BTC in his treasure, making it the second largest hiding place in Bitcoin among the listed companies, behind 506,137 BTC of Strategy.
The Bitcoin Purchase Plan on the free market was adopted by the minor last year, even if a minor can theoretically exploit Bitcoin at a cash drop off. The industry became difficult after the reward by half of last year, half half, by tightening the beneficiary margins on the back of the cost increase. This made the purchase of bitcoin on the free market, alongside mining, a relatively better strategy for minors.
Read more: Bitcoin’s intermediary is so tough that a minor adopted Michael Saylor’s BTC strategy
