MARA Holdings raises $2B for Bitcoin expansion

MARA Holdings, Inc. has announced a $2 billion at-the-market stock offering to expand its Bitcoin (CRYPTO:BTC) holdings and support corporate initiatives.

The company, formerly Marathon Digital Holdings, plans to use the proceeds to acquire additional BTC and reinforce its position as a major corporate Bitcoin holder.

MARA has partnered with financial institutions including Barclays Capital and Mizuho Securities to execute the offering at market prices via Nasdaq or other platforms.

Sales agents will receive commissions of up to 3% on gross proceeds.

The move aligns with MARA’s strategy of directly owning and operating mining facilities, prioritising control over energy sources to lower costs and improve margins.

Currently, about 70% of its mining capacity is self-owned, with recent investments in renewable energy projects.

MARA remains one of the largest corporate Bitcoin holders, second only to Michael Saylor’s Strategy.

The offering reflects its intent to expand BTC reserves amid ongoing market volatility.

On March 28, 2025, MARA’s stock closed at $12.47, reflecting its sensitivity to Bitcoin price swings.

Investors have been cautioned about risks tied to Bitcoin’s volatility and MARA’s dependence on favorable market conditions.

The timing and pricing of the stock sales will depend on market conditions, with flexibility to suspend or terminate sales as needed.

MARA’s strategy highlights its long-term commitment to the crypto sector, balancing operational efficiency with strategic asset accumulation.

At the time of reporting, the Bitcoin (BTC) price was $82,133.87.