Mara Holdings推出了新的20億美元公共股票，以購買更多比特幣

比特幣礦業公司Mara Holdings正在推出新的20億美元公共股票，以購買更多比特幣。這一舉動延續了該公司通過加薪將BTC進入公開市場的策略，同時遵守其“ HODL”議程。

MARA is known for its "hodl" agenda and has been focused on accumulating as much BTC as possible. Earlier this year, the firm announced plans to buy up to $500 million in Bitcoin.

瑪拉（Mara）以其“ hodl”議程而聞名，並一直致力於累積盡可能多的BTC。今年早些時候，該公司宣布了計劃收購多達5億美元的比特幣。

Now, MARA is going a step further by setting up an at-the-market (ATM) equity program with a group of investment banks, including Barclays, BMO Capital Markets, BTIG, and Cantor Fitzgerald, among others acting as agents.

現在，Mara通過與一組投資銀行建立了在市場上的市場股票計劃，包括Barclays，BMO Capital Markets，Btig和Cantor Fitzgerald等，等等。

According to a Form 8-K and latest prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Friday, the shares will be sold from time to time at MARA's discretion. The proceeds of the offering will be used mainly for the acquisition of Bitcoin in the open market.

根據周五向美國證券交易委員會（SEC）提交的8-K和最新招股說明書，這些股票將不時出售。發行的收益將主要用於在公開市場上收購比特幣。

"We currently intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin and for working capital," MARA said in its prospectus.

瑪拉在其招股說明書中說：“我們目前打算將此產品的淨收益用於一般公司目的，包括收購比特幣和營運資金。”

The firm, which specializes in finance services and has a market capitalization of $4.7 billion, maintains a strong liquidity position with a current ratio of 4.94, indicating its ability to meet short-term obligations.

該公司專門從事金融服務，市值為47億美元，其流動性地位保持穩定，目前的比率為4.94，表明其能夠履行短期義務。

The shares’ sale will be conducted through methods deemed to be an "at the market offering" or through other methods upon agreement. The agents are entitled to a commission of up to 3% of the gross proceeds from each sale.

股票的銷售將通過被認為是“市場上的市場”或其他協議後的其他方法來進行。代理商有權從每次銷售中獲得多達3％的總收益的佣金。

At the same time, MARA has revoked its at-the-market offering agreement dated October 24, 2023, which authorized the sale of up to $1.5 billion in common stock. No additional sales will take place.

同時，瑪拉（Mara）已撤銷了2023年10月24日的在市場上的商定協議，該協議授權出售高達15億美元的普通股。不會進行其他銷售。

"This filing does not constitute an offer to sell the shares, and no sales will occur in any state where such offer or sale would be unlawful prior to registration or qualification under the securities laws of such state," the firm added.

該公司補充說：“該文件不構成出售股票的要約，並且根據該州的證券法律在註冊或資格之前將不會發生任何銷售，”該公司補充說。

The firm's move follows Michael Saylor's playbook of issuing equity and convertible bonds to accumulate Bitcoin.

該公司的舉動遵循邁克爾·塞勒（Michael Saylor）的發行股權和可轉換債券的劇本，以積累比特幣。

MARA, a Bitcoin mining company, has become the second publicly listed firm to have the largest Bitcoin treasury holdings, with 46,376 BTC, closely trailing MicroStrategy's 506,137 BTC, according to blockchain analytics firm Glassnode.

根據Blockchain Analytics公司Glassnode的數據，比特幣礦業公司Mara已成為第二家擁有最大比特幣財政部股份的上市公司，擁有46,376個BTC，緊密落後於MicroStrategy的506,137 BTC。

Despite being a Bitcoin miner, MARA has increasingly relied on buying Bitcoin on the open market. The company adopted this strategy last year amid recognition that mining BTC at a discount to the spot price was becoming increasingly difficult.

儘管是比特幣礦工，但瑪拉越來越依賴在公開市場上購買比特幣。該公司去年採取了這一戰略，因為人們認識到以折扣現貨價格銷售BTC變得越來越困難。

The industry has come under tremendous pressure following the latest Bitcoin halving event, which halved the rewards for mining and pressured profit margins against surging operational costs.

在最新的比特幣減半事件之後，該行業承受著巨大的壓力，這使採礦和壓力的利潤率減半了，以至於不利於運營成本。

This means that acquiring Bitcoin from the open market has become a comparatively better strategy for miners wanting to keep their mining operations going.

這意味著，從公開市場中獲取比特幣已成為想要保持採礦業務進行的礦工的一項相對更好的策略。

MARA's action comes at a time when Bitcoin has been subject to increased volatility but ever-strong institutional interest. The last five years have seen MARA deliver a very large total shareholder return of 2881.63%, reflecting significant strides in transforming its business strategy.

瑪拉（Mara）的行動是在比特幣受到波動增加但機構興趣增加的時候。在過去的五年中，瑪拉（Mara）提供了2881.63％的股東總回報率，這反映了改變其業務戰略的重大進展。