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The giant Bitcoin Miner Plans to Acquire BTC Worth 2 Billion with MicroStrategy Strategy! - Coin Bulletin
MARA Holdings announced that it plans to sell $2 billion worth of shares to increase Bitcoin purchases.
The major Bitcoin mining company MARA Holdings (Nasdaq: MARA) has taken an important step to expand its strategy on digital assets. The company announced that it will sell shares at a market price of $2 billion and plans to use the proceeds primarily for additional Bitcoin purchases and general corporate purposes. This sale is seen as part of MARA's strategy to expand its Bitcoin assets.
The company will conduct its sales through Barclays Capital, BMO Capital Markets, and other major financial institutions. The timing and pricing of the share sales will be determined based on market conditions. A commission of 3% will be charged on the revenue generated from the sales.
Bitcoin assets and mining investments will increase
MARA not only has one of the largest Bitcoin mining operations in the world, but also aims to reduce operational costs and improve margins by increasing control over energy resources.
Currently, the company, which has approximately 70% of its capacity, has also made significant investments in renewable energy projects. This step will reinforce MA's leadership in the corporate markets regarding Bitcoin ownership.
The company's step to increase its Bitcoin assets is seen as part of a long-term growth strategy, especially under volatile market conditions.