Marathon Digital Holdings to Raise $2 Billion for Bitcoin Acquisition, Holds 46,376 BTC

Marathon Digital Holdings Inc., a publicly traded Bitcoin mining company, has announced a new $2 billion at-the-market stock offering. The funds raised will be used primarily to acquire more Bitcoin, aligning with the company's 'Hodl' strategy of buying BTC in the open market. This move follows a previous at-the-market offering that aimed to raise up to $1.5 billion. Marathon Digital currently holds 46,376 BTC in its treasury, making it the company with the second-largest Bitcoin stash among publicly traded entities, behind MicroStrategy's 506,137 BTC. The offering is facilitated by investment banks including Barclays, BMO Capital Markets, BTIG, and Cantor Fitzgerald. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Marathon Digital Holdings to Raise $2 Billion for Bitcoin Acquisition, Holds 46,376 BTC

Most Read News

Related News