Marathon Digital Holdings旨在以20億美元的股票擴大比特幣儲備

美國最大的比特幣礦業公司之一Marathon Digital Holdings的目標是通過耗資20億美元的股票來擴大其比特幣儲備。

Marathon Digital Holdings Inc (NASDAQ:MARA) is planning a $2 billion stock offering as part of its broader strategy to expand its Bitcoin reserves and strengthen its balance sheet. The move is part of a broader trend among businesses to increase their Bitcoin holdings as a long-term store of value, similar to the approach taken by MicroStrategy Inc (NASDAQ:MSTR).

Marathon Digital Holdings Inc（NASDAQ：MARA）計劃提供20億美元的股票，作為其擴大比特幣儲備並加強資產負債表的更廣泛戰略的一部分。此舉是企業中更廣泛的趨勢的一部分，以增加其比特幣持有量作為長期價值存儲，類似於Microstrategy Inc（NASDAQ：MSTR）採取的方法。

What Happened: Marathon Digital is aiming to sell its shares through an at-the-market (ATM) stock offering program. The company received approval from the Securities and Exchange Commission (SEC) to carry out the offering, according to a recent Form 8-K filing.

發生的事情：Marathon Digital的目標是通過市場（ATM）股票產品出售其股票。根據最近的8-K文件，公司獲得了證券交易委員會（SEC）的批准，以進行發行。

The funds generated from the stock offering will be used primarily for purchasing additional Bitcoin and for general operational needs, as disclosed in Form 424B5.

從股票產品中產生的資金將主要用於購買其他比特幣和一般運營需求，如424B5表格所披露的那樣。

As of the latest reports, Marathon holds 46,376 BTC, making it the second-largest publicly traded company in terms of Bitcoin reserves, following MicroStrategy.

截至最新報告，馬拉松持有46,376 BTC，這使其成為比特幣儲備的第二大公共交易公司，僅次於MicroStrategy。

Earlier this year, Marathon rapidly increased its Bitcoin holdings from 13,726 BTC at the start of 2024. The company is also known for employing strategies such as forward or option contracts and Bitcoin lending to maximize yield on its digital asset holdings.

今年早些時候，馬拉松迅速將其比特幣持有量從2024年初的13,726 BTC提高了。該公司還以採用遠期或期權合同和比特幣貸款等策略而聞名，以最大程度地利用其數字資產持有量。

Related Link: Exclusive: Marathon Digital's Fred Thiel On Bitcoin Miners' Woes, Why BTC Is A Better Investment Than Real Estate And More

相關鏈接：獨家鏈接：馬拉松數字數字上的弗雷德·泰爾（Fred Thiel）在比特幣礦工的困境中，為什麼BTC比房地產更好的投資更好

Why It’s Important: Marathon’s strategy aligns closely with that of MicroStrategy, a software company that has been actively buying Bitcoin and see its stock price rise in tandem with Bitcoin.

為什麼重要的是：Marathon的策略與MicroStrategy的策略緊密相吻合，Microstrategy是一家正在積極購買比特幣的軟件公司，並看到其股價與比特幣同時上漲。

In March, Marathon disclosed plans to invest up to $1 billion in expanding its Bitcoin mining operations. The company is aiming to capitalize on the potential of Bitcoin as a long-term investment, despite the recent volatility in cryptocurrency markets.

3月，Marathon透露了計劃投資高達10億美元來擴大其比特幣採礦業務的計劃。該公司的目標是利用比特幣作為長期投資的潛力，儘管最近在加密貨幣市場上發生了波動。

Topical Risk: The $2 billion stock offering will likely result in the dilution of existing shareholders’ ownership as new shares are issued. This dilution could impact the company’s stock price. As of March 31, 2025, Marathon’s stock is trading at around $12.47 per share, down from its 52-week high of $24.

局部風險：隨著新股份發行新股份，這20億美元的股票發行可能會導致現有股東的所有權稀釋。這種稀釋可能會影響公司的股價。截至2025年3月31日，馬拉松股票的交易價格約為每股12.47美元，低於其52周高點24美元。

Moreover, Marathon’s significant reliance on Bitcoin exposes the company to the inherent volatility of cryptocurrency prices. A substantial decline in Bitcoin’s price would decrease the value of Marathon’s Bitcoin holdings, potentially putting pressure on the company’s financial position and affecting its ability to meet its operational needs and continue buying more Bitcoin.

此外，馬拉鬆對比特幣的重大依賴使公司揭示了加密貨幣價格的固有波動。比特幣價格的大幅下降將降低馬拉鬆比特幣持有量的價值，這可能會對公司的財務狀況施加壓力，並影響其滿足其運營需求並繼續購買更多比特幣的能力。

Last Statement: Marathon Digital Holdings Inc is making a significant push into Bitcoin mining with a new $2 billion stock offering. This move is part of a broader strategy to expand the company’s cryptocurrency holdings and capitalize on the digital asset's long-term growth potential.

最後聲明：Marathon Digital Holdings Inc正在以新的20億美元股票提供比特幣開采的重大推動。此舉是擴大公司的加密貨幣持有並利用數字資產的長期增長潛力的更廣泛戰略的一部分。

The company, already one of the largest Bitcoin miners in the U.S., plans to use the funds to buy more Bitcoin and support its operational needs. This decision comes as several companies, including MicroStrategy Inc (NASDAQ:MSTR), have been increasing their Bitcoin positions.

該公司已經是美國最大的比特幣礦工之一，計劃使用資金購買更多比特幣並支持其運營需求。這一決定是因為包括Microstrategy Inc（NASDAQ：MSTR）在內的幾家公司一直在提高其比特幣頭寸。

Marathon’s اقدام to diversify its asset portfolio and strengthen its balance sheet in the face of the growing cryptocurrency market becomes even more apparent with this new stock offering.

Marathon的ZIDYقQul多樣化其資產組合併在面對日益增長的加密貨幣市場的情況下加強其資產負債表變得更加明顯。