Mara Holdings推出了新的20亿美元公共股票，以购买更多比特币

比特币矿业公司Mara Holdings正在推出新的20亿美元公共股票，以购买更多比特币。这一举动延续了该公司通过加薪将BTC进入公开市场的策略，同时遵守其“ HODL”议程。

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.

玛拉（Mara）以其“ hodl”议程而闻名，并一直致力于累积尽可能多的BTC。今年早些时候，该公司宣布了计划收购多达5亿美元的比特币。

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.

现在，Mara通过与一组投资银行建立了在市场上的市场股票计划，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.

根据周五向美国证券交易委员会（SEC）提交的8-K和最新招股说明书，这些股票将不时出售。发行的收益将主要用于在公开市场上收购比特币。

"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.

玛拉在其招股说明书中说：“我们目前打算将此产品的净收益用于一般公司目的，包括收购比特币和营运资金。”

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.

该公司专门从事金融服务，市值为47亿美元，其流动性地位保持稳定，目前的比率为4.94，表明其能够履行短期义务。

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.

股票的销售将通过被认为是“市场上的市场”或其他协议后的其他方法来进行。代理商有权从每次销售中获得多达3％的总收益的佣金。

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.

同时，玛拉（Mara）已撤销了2023年10月24日的在市场上的商定协议，该协议授权出售高达15亿美元的普通股。不会进行其他销售。

"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.

该公司补充说：“该文件不构成出售股票的要约，并且根据该州的证券法律在注册或资格之前将不会发生任何销售，”该公司补充说。

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

该公司的举动遵循迈克尔·塞勒（Michael Saylor）的发行股权和可转换债券的剧本，以积累比特币。

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.

根据Blockchain Analytics公司Glassnode的数据，比特币矿业公司Mara已成为第二家拥有最大比特币财政部股份的上市公司，拥有46,376个BTC，紧密落后于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.

尽管是比特币矿工，但玛拉越来越依赖在公开市场上购买比特币。该公司去年采取了这一战略，因为人们认识到以折扣现货价格销售BTC变得越来越困难。

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.

在最新的比特币减半事件之后，该行业承受着巨大的压力，这使采矿和压力的利润率减半了，以至于不利于运营成本。

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

这意味着，从公开市场中获取比特币已成为想要保持采矿业务进行的矿工的一项相对更好的策略。

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.

玛拉（Mara）的行动是在比特币受到波动增加但机构兴趣增加的时候。在过去的五年中，玛拉（Mara）提供了2881.63％的股东总回报率，这反映了改变其业务战略的重大进展。