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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
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Bitcoin mining company MARA launches a $2 billion ATM equity issuance plan
According to Gate.io News bot and TheMinerMag, Bitcoin mining company MARA announced the launch of a $2 billion ATM (At-the-Market) equity issuance plan. The plan involves cooperation with several investment banks including Barclays, BMO Capital Market, and BTIG, with the agent commission rate set at 3% of the total proceeds.
MARA signed an agreement on March 28 to terminate the ATM plans for October 2023 and February 2024. The previous plan aimed for an issuance of $1.5 billion, with $1.4 billion in stock sales completed through H.C. Wainwright in 2024. In 2024, MARA raised a net capital of $1.85 billion through stock issuance, which will be used to expand operations and strengthen the balance sheet.
MARA continues to implement a full hold strategy, retaining monthly Bitcoin output, and plans to issue $2 billion zero-coupon convertible bonds to purchase Bitcoin by the end of 2024. As of the end of February, MARA holds 46,374 Bitcoins.
Source: Wu Says