Publicly traded Bitcoin mining giant MARA is set to raise a staggering $850 million to purchase more Bitcoin. The company already holds 50,000 BTC, making it one of the largest corporate Bitcoin holders globally. This move signals MARA’s continued bullish stance on the cryptocurrency, aiming to strengthen its position as institutional interest in Bitcoin grows. The capital raise is expected to significantly expand MARA’s reserves, further cementing its influence in the Bitcoin ecosystem.
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