MARATHON DIGIAL launches MAXI offer of $ 2 billion to buy Bitcoin

Digital marathon propertyOne of the largest bitcoin mining companies listed in the United States, has announced the launch of new “in the market” (ATM) that offers $ 2 billion. The capital, which has been largely lifted, will be allocated to Direct purchase of Bitcoin in the marketThus enhancing the company’s digital reserves. The decision is a strategy The company, which is increasingly guided to follow the example of the strategy (previously known as Microstrategy), is a global pioneer in the accumulation of companies in BTC.

The process will be managed by the main financial partners, including Barclays Capital, BMO Capital Markets, BTIG and Cantor Fitzgerland. This is the second similar process by a marathon, after the previous ATM program of $ 1.5 billion.

Bitcoin accumulation (BTC): after half a marathon strategy

Marathon The official document was submitted to the US Securities and Stock Exchange Committee (SEC), which confirms the intention to issue new shares flexibly on market conditions. By collecting this donations, the company intends:

• Funding direct purchase of Bitcoin
• Promote liquidity mode
• Covering operating expenses and growth investments

The strategy reflects a model similar to the successful result StrategyWhich has accumulated more than 500,000 BTC Using both operating profits and offers in capital markets. Marathon aims to follow the “Hodl” approach, to build a solid digital origin that enhances its long -term public budget.

A comparison between BTC between listed companies (June 2024)

| Company | BTC held The estimated value at $* | Basic Strategy

| ————— | ————– | ——————————————————- |

| Strategy | 506,000+ | ~ 34 billion Direct purchases via stocks and debts

| Digital marathon | 46.376 | ~ 3.1 billion Mining + Accisti Da Mercato Aperto |

*The values ​​estimated on the basis of BTC at $ 67,000

New balance after half

If the half of April 2024, it reduces the bonuses for mining From 6.25 to 3.125 BTC For each block, pressing the margins of mining companies. In this context, the marathon adopted a hybrid strategy, combining traditional Mining With the direct purchases of Bitcoin from the financial markets.

This choice allows the company:

• Diversify BTC purchase methods
• Compensation for a decrease in mining profit after half
• Adaptation to the increasing competitiveness of the sector

According to Farid Thil, CEO of Marathon (Source: A press release published on the company’s official website), “Increase Bitcoin Reserves through strategic purchases enhance our site in the sector and improve our mixed business model.”

Institutional confidence in the future of bitcoin

The participation of large financial institutions in the process, including Barclays and Cantor Fitzgerald, adds a decisive element in the credibility of the work strategy. The fact that the marathon can attract capital to finance Bitcoin accumulation, for an increasing part of the financial markets, represents BTC A. Category of Sharia Origins And the strategy in the long run.

Moreover, the continuous, distinctive symbol of the economy – is reflected on the increasing dependence of the circulating investment funds, derivative tools, and derivative tools on Criptovalute – It makes similar initiatives more logical and perhaps frequent among companies with a strong financial structure.

The effects on the market and retail investors

This step is likely to have a concrete impact on the markets:

• It can contribute to increasing bullish pressure on bitcoin prices in the short and medium term.
• It provides a precedent for technology or other mining companies that intend to employ corporate liquidity in digital assets.
• Bitcoin investment migration can be accelerated from retail sale to institutional investors.

This dynamic can also affect the demand for financial products related to encrypted currencies, such as Bitcoin’s investment funds, structured funds, and conservative for high -value investors.

Towards a hybrid model in companies mining

The marathon approach is the development of the encryption sector from a model that exclusively depends on mining to one more complex and developed. Companies that will be collected:

• The operational capacity of mining,
• Access to capital markets,
• Secondary investment strategies,

They will have a great competitive advantage.

This new model appears as the new normal for original and technical encryption companies, especially after regular events such as Halvings, which puts traditional business models under pressure.

Conclusions

The billion -dollar offer was launched by Marathon Digital Holdings a decisive step towards converting mining companies into full financial players in the encryption market. The company not only enhances its position in the sector, but also issues a implicit challenge to the strategy, which represents the beginning of a new stage in the race for Bitcoin accumulation between listed companies.

In a rapidly developed sector, this type of integrated strategy can set the operating standard for those who want to survive-prosperity-in the next financial round.