Bitco Miner Mara Holdings Inc (MARA) is looking to sell up to two billion dollars in stocks to buy more bitcoin as part of a plan similar to Michael Sailor strategy.
Mara Holdings, formerly the Digitter Marathon, said on March 28 form 8-k and bulletin The Securities Committee and the Stock Exchange it concluded in the market agreement with the investment giants, including Cantor Fitzgerald and Barkles, was presented to sell up to two billion dollars of its shares “from time to time”.
“We are currently intending to use clear returns from this offer for public companies, including acquisition of bitcoin and working capital,” Mara added.
Mara’s Move copies a well -known tactic by Bitco (BTC) Bull Saylor, CEO of the largest Bitcoin holder strategy, which was previously Microstrategy, which used a variety of market offers, including stock sales, to create 506,137 BTC worth $ 42.4 billion.
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Mara Holdings is subject to the strategy directly with the second largest possession by a public company, with 46374 BTC about $ 3.9 billion in its treasures, According to To Bitbo data.
In July, the CEO of the company, Farid Thil, said that he will get the “full Hodl” and will not sell either bitcoin that was extracted to finance its operations, as is used to encryption miners, and will buy more cryptocurrency to preserve it.
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Selling the planned shares of Bitcoin (BTC) workers follow a similar offer he made early last year, which made up to $ 1.5 billion of his shares. It also released a billion dollars of Zero-Coupon’s upcoming upper notes in November with plans to use most revenues to buy Bitcoin.
Google Financing He appears Mara closed the trading day on March 28, a decrease of 8.58 % at $ 12.47, and followed by the coding mining shares that are shaken a day before with reports that Microsoft abandoned investment plans in new data centers in the United States and Europe.
Mara shares decreased by $ 4.6 % to $ 11.89 in trading overnight on March 30, According to To Robinhood.
Bitcoin is trading slightly higher than 82,000 dollars, a decrease of 1.2 % over the past 24 hours after falling from the highest local level of about 83,500 dollars, According to To Coingecko.
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