Tue Apr 01 09:40:00 UTC 2025: ## Bitcoin Miner Marathon Digital Seeks $2 Billion to Expand Holdings

**New York, NY – March 30, 2024** – Marathon Digital Holdings Inc. (MARA), a leading Bitcoin mining company, announced today plans to raise up to $2 billion through a stock offering to further expand its Bitcoin reserves. The company, currently holding approximately 46,374 BTC (valued at roughly $3.9 billion), aims to solidify its position as a major player in the cryptocurrency market.

The offering, detailed in a Form 8-K filing with the SEC, will utilize an at-the-market agreement with Cantor Fitzgerald and Barclays. Proceeds will primarily fund additional Bitcoin acquisitions and general corporate purposes. This strategy mirrors that of MicroStrategy, currently the largest publicly held Bitcoin owner.

CEO Fred Thiel has reiterated the company’s commitment to a “HODL” strategy, meaning Marathon Digital will not sell its mined Bitcoin. Instead, the company plans to continue accumulating the cryptocurrency.

This marks the second major fundraising effort by MARA in recent times. Last year, the company raised up to $1.5 billion through share sales and issued $1 billion in convertible notes, largely dedicated to Bitcoin purchases.

Following the announcement, MARA’s stock price experienced a further decline, closing at $11.89 after a previous 8.58% drop on March 28th. The market’s reaction to the news remains to be seen.

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