@clems
According to Wu, Bitcoin mining giant MARA announced the launch of a new round of ATM equity issuance plan of up to $2 billion, cooperating with Barclays, BMO Capital Markets, BTIG and other investment banks. The agent commission rate is up to 3% of the total revenue. MARA signed an agreement on March 28 to terminate the previous ATM plan in October 2023 and February 2024. In 2024, MARA raised a net $1.85 billion through equity issuance to expand operations and strengthen its balance sheet. The new plan continues its full holding strategy and does not sell monthly Bitcoin output. At the end of 2024, $2 billion of zero-interest convertible bonds will be issued to purchase more Bitcoin. As of the end of February, MARA held 46,374 BTC.
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