MARA Holdings Launches $2 Billion Stock Offering to Expand Bitcoin Stash

Bitcoin mining firm MARA Holdings (MARA) is launching a new $2 billion stock offering, continuing its strategy of acquiring Bitcoin directly from the market.

This move is part of the company’s ongoing efforts to expand its holdings, sticking to its “Hodl” approach of holding Bitcoin long-term.

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), MARA has partnered with a group of investment banks—including Barclays, BMO Capital Markets, BTIG, and Cantor Fitzgerald—to execute an at-the-market (ATM) equity program.

This will allow brokers to sell shares periodically, with the proceeds mainly directed toward purchasing more Bitcoin.

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In the filing, MARA confirmed its intention to use the funds for “general corporate purposes,” with a significant portion earmarked for Bitcoin acquisition and working capital. This new offering follows a previous ATM plan aimed at raising up to $1.5 billion for similar purposes.

MARA’s approach mirrors that of Michael Saylor’s strategy, which involves raising capital through equity and convertible bonds to fund Bitcoin purchases. With its current treasury holding 46,376 BTC, MARA now possesses the second-largest Bitcoin reserve among publicly traded companies, trailing only Strategy’s 506,137 BTC.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.