In 2024, MARA injected the US economy with $2 billion from BTC mining, and Bitwise hints at a potential significant asset shift.
MARA's $2 Billion Stock Offering Launch
On March 28, MARA released an official SEC Form 8-K report announcing a significant $2 billion stock offering to buy Bitcoin. The company entered an at-the-market equity program with investment banks such as Barclays, BMO Capital Markets, and others, using the proceeds mainly to buy BTC.
MARA’s HODL Strategy
Since 2023, MARA has adopted a full HODL strategy, reflecting the company's confidence in Bitcoin's long-term value. Fred Thiel, MARA's Chairman and CEO, emphasized the importance of Bitcoin as a treasury asset and supported the idea of sovereign wealth funds holding it. On March 28, MARA announced that Thiel had joined WSJ's CEO Council, recognizing his leadership in transforming excess energy into digital capital. In 2024, MARA invested $2 billion in the US economy through Bitcoin mining, creating jobs and sustainable growth.
Potential $40 Billion in BTC Inflows
Bitwise stated in a recent post that if major companies swapped just 5% of their cash for Bitcoin, it would lead to $40 billion in BTC market inflows, exceeding those seen for spot BTC ETFs in the US. As of March 28, the total net inflow in BTC ETFs was over $36.2 billion, according to SoSoValue data. Bitwise suggested that if companies allocated 15% of their cash to Bitcoin, this could lead to over $120 billion in inflows.
As institutional interest in BTC continues to grow, the market maintains a bullish outlook amidst the global rise in adoption.
