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Benzinga
Benzinga
Business
Samyuktha Sriram

Marathon Digital Plans $750M Stock Offering Instead Of Selling Bitcoin: Here's Why

Major Bitcoin (CRYPTO: BTC) mining companies have opted to sell stock instead of their BTC holdings to maintain their cash reserves.

What Happened: Marathon Digital Holdings Inc. (NASDAQ:MARA) has filed with the SEC to offer up to $750 million of shares and preferred stock, according to a report from Bloomberg.

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