Bitcoin mining company Mara Holdings has completed a minority taking two principals, an institutional investment advisor that manages $ 1.75 billion in properties, in a deal that significantly increases BTC value two major management on behalf of Mara’s behalf.
The minority stake includes a $ 20 million equity investment in two strengths, with Mara raising its bitcoin (Btc) Providing the company to 2,000 BTC from 500 BTC, Mara said Tuesday. Bitcoin was held on a separate managed account and was used to produce a produce on behalf of Mara.
Two prime is an investment advisor registered with the US Securities and Exchange Commission (SEC). The company helps institutions and professional investors get exposure to Bitcoin.
Mara holds one of Bitcoin’s largest treasures in the world, initially built through self -operations. Number Cointelegraph reportedThe company later announced plans to sell stock to get further bitcoin, a playing reminiscent of Michael Saylor’s approach.
Mara’s financial official Salman Khan, said the approach was part of the company’s broader effort to activate Bitcoin’s balance, which included the use of BTC more than a “passive asset tied to price appreciation.”
Related: 10 public companies that quietly turned their balance sheets into bitcoin’s treasures
Mara faces mixed results in a post-halving landscape
Like many mining companies, Mara has experienced Halo -Maling Outcomes following Bitcoin’s recent quadrennial halving, which cuts the block rewards of 50%. The reduced potential income, at the same time increasing energy and equipment costs, put pressure on miners’ profitability.
For Mara, it was translated to a $ 533 million net loss of Q1, despite a nearly 30% income increase to $ 214 million.
Number Cointelegraph reportedStreaming electricity costs has become a major driver of profitability in the post-halving environment.
In response to these challenges, there are many miners, including the basic scientific and Hive Digital.
However, the future of Bitcoin’s basic mining mining is less specific after that coreweave got In a $ 9 billion all-stock deal. Coreweave said it could be a “repurpose” assets of scientific scientific to the HPC or its crypto operations strongly.
Related: Despite the high record, the S&P 500 is in the terms of Bitcoin
