Mara plans $2 billion share offering... 'will use it to buy more Bitcoin'

Bitcoin mining company Mara Holdings (MARA) plans to issue $2 billion in treasury stock, some of which will be used to buy additional Bitcoin.
According to Cointelegraph, on the 30th (local time), Mara Holdings (formerly Marathon Digital) filed an 8-K form and investment prospectus with the SEC on the 28th.
Through the memorandum of understanding, the company will invest up to 2 billion yen of its own shares with major investors Cantor Fitzgerald and Barclays.
Mala Holdings said, "The net proceeds from this offering will be used for general corporate purposes, Bitcoin purchases and operating capital.
The plan is to use it as gold," he said. The decision was made by Michael Saylor, who has maintained a bullish stance on Bitcoin.
The strategy is based on the strategy of Strategy, led by John Saylor, which aims to achieve 50% growth through diversified market issuance.
Mala Holdings currently holds 40,061,370 Bitcoin (approximately $42.4 billion, or 6.3 trillion yen). Mala Holdings is the second-largest publicly traded company in terms of Bitcoin holdings, with 40,000 Bitcoins held.
It currently holds 6,374 bitcoins (approximately $3.9 billion, or 581.9 billion yen). Last July, CEO Fred Thiel
Thiel said, "I will maintain my HODL strategy and not sell the bitcoins I mine, but rather buy additional bitcoins.
I plan to purchase coins."