Bitcoin mining company Mara Holdings offers a new $ 2 billion public shareholder to buy more Bitcoin.
This movement continues the company’s receiving strategy BTC While adhering to the “HODL” agenda, the open market through capital increases.
Mara guarantees the new ATM stock program to finance Bitcoin purchases
A form that applied to the US Securities and Stock Exchange Commission (SEC) 8-K and the last Mara according to Prospectus act as an agent.
In accordance with the Prospectus supplement, stocks will occasionally be sold depending on the discretion of Mara Holdings. The revenues of the proposal will be used mainly for the purchase of Bitcoin in the open market.
Mara, “We are currently planning to use the net revenues of this proposal for the acquisition of Bitcoin and for general institutional purposes for its working capital, Mara said.
The company specializing in financial services and has a market value of $ 4.7 billion. The current ratio, which shows the ability to fulfill short -term obligations, maintains a strong liquidity position with 4.94.
The sale of stocks shall be carried out through the methods accepted as “market proposal ver or other methods on the agreement. Representatives have the right to receive a commission up to 3% of gross revenues from each sales.
Simultaneously, Mara Holdings canceled the presentation agreement on the market dated October 24, 2023, which allowed to sell stocks up to $ 1.5 billion. No additional sales will be made within the scope of the previous agreement or the relevant prospectus reinforcement.
The company has made it clear that this file does not create an offer to sell stocks, and that such an offer or sale will not be made in the states where such a state will be illegal before registration or quality before registration or quality.
Mara follows Saylor’s play book while expanding Bitcoin Holdings
Mara’s current moves follow Michael Saylor’s equality and transformable bonds publishing book to accumulate Bitcoin in the open market. The miner’s treasury currently has 46,376 BTCs – one of the most popular companies, behind Microstrategy’s 506,137 BTC.
Although he is a Bitcoin mining, Mara trusted to buy Bitcoin in the open market. Last year, the company admitted that BTC’s mining was becoming more and more difficult at a discounted spot.
The industry was under great pressure after the latest Bitcoin Halving incident, which halves mining awards and halves the mining awards and halved by profit margins against the increase in operational costs.
This means that acquiring bitcoin from the open market has become a relatively better strategy for miners who want to increase their assets and maintain mining operations.
Mara’s action comes at a time when Bitcoin is exposed to increasing volatility, but is constantly exposed to institutional interest. For the last five years, Mara Holdings has seen that it provided 2881.63%of the total shareholder returns, which reflects important steps in transforming business strategy.
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