Mara Holdings mining corporation will release $ 2 billion securities

The Mara Holdings Maral Company announced the issues of additional shares for a total of $ 2 billion. It is reported that the proceeds will be redirected to buy new bitcoins in the market. According to the form of 8-k, filed in the US Securities and Exchange Commission, Mara Holdings entered into an agreement with a number of large investment banks. “At the moment, we plan to use net income from the sale of shares for our corporate goals, including the purchase of additional bitcoin coins in the open market.”

It is also worth noting that the Mara Holdings service largely adopted the Microstrategy strategy, which remains one of the largest corporate holders of the main digital coin on the market. In parallel with this, the organization of Michael Seilor attracts additional funds through shares and convertible bonds. The received funds are directed to the purchase of bitcoins.

At the moment, the Mara Holdings Bitcoin Actives are estimated at about 47,376 coins. In this regard, it is still seriously behind Microstrategy, whose pool is estimated at more than 506 thousand bitcoins.

It is also worth considering that Mara Holdings adopted a new investment strategy last year. Although, in theory, a mining organization can extract bitcoins With a discount to the spare price. However, it must be mined that organizations are becoming increasingly difficult to maintain the profitability of their business. This is due to the fact that last year took place Halving Bitkoin. This marked the reduction in the yield of miners for the mined block by 2 times at once.

In such conditions, crypto companies combine their main activities with the acquisition of Bitcoin in the open market. According to experts, now it is one of the most effective and profitable strategies.

Author

Andrey Alexandrov