MARA Holdings, a prominent Bitcoin miner, is set to offer up to $2 billion worth of stock, with part of the raised funds intended for purchasing more Bitcoin. The announcement was made in a filing with the Securities and Exchange Commission, where the firm detailed its collaboration with investment entities such as Cantor Fitzgerald and Barclays for this stock sale. MARA Holdings, previously known as Marathon Digital, currently holds 46,374 BTC valued at approximately $3.9 billion. The strategy of utilizing stock sales to acquire Bitcoin mirrors that of Michael Saylor, executive chair of MicroStrategy, who has famously amassed substantial Bitcoin holdings through similar financial maneuvers. MARA's decision follows a previous stock offering last year and reflects its commitment to increasing its Bitcoin reserves. Despite this ambitious strategy, the company's stock has experienced fluctuations, recently closing at $12.47, down from $11.89 shortly thereafter, coinciding with broader market concerns and trends.

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