MARA Stock Dives as Bitcoin Miner Reveals Plan to Raise $850 Million to Buy More BTC
Main Idea
Bitcoin miner MARA is raising $850 million to purchase more Bitcoin, despite a recent drop in its stock price.
Key Points
1. MARA plans to raise $850 million through a private offering to buy more Bitcoin, as per an SEC filing.
2. The company's stock fell over 10% to $17.80 per share, though it remains up 25% over the last month.
3. MARA holds 50,000 BTC ($5.9 billion at current prices) and follows a 'HODL strategy,' avoiding selling newly mined coins.
4. Bitcoin's price was recently $117,782, down 1% over 24 hours.
Description
Bitcoin miner MARA Holdings plans to raise $850 million through a private sale to buy more BTC—and its stock has fallen 10% on the day.
$BTC
$117451.0
+0.09%
Latest News
- Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail2025-07-25 22:42:01
- DOJ Is Considering Charging Crypto VC Firm Dragonfly in Connection With Tornado Cash2025-07-25 21:45:19
- XRP Erases Gains Following New Record—Does It Still Have Room to Run?2025-07-25 21:42:01
- One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion2025-07-25 21:10:40
- Public Keys: Strategy Stretches Bitcoin Raise and BlackRock’s Ethereum ETF Hits Warp Speed2025-07-25 20:15:45