Bitcoin mining company MARA Holdings Inc (MARA) is planning a massive $2 billion stock offering to expand its Bitcoin holdings, following a strategy similar to that of Michael Saylor. The company disclosed in a Form 8-K and prospectus filed with the Securities and Exchange Commission on March 28 that it has entered into an at-the-market agreement with investment giants like Cantor Fitzgerald and Barclays to sell up to $2 billion worth of its stock intermittently. MARA intends to utilize the proceeds for general corporate purposes, including acquiring Bitcoin and working capital. This move mirrors the tactics of Bitcoin bull Saylor, who heads the largest corporate Bitcoin holder, Strategy (formerly MicroStrategy), accumulating 506,137 BTC valued at $42.4 billion through various market offerings. MARA Holdings trails Strategy as the second-largest public company Bitcoin holder, possessing 46,374 BTC worth approximately $3.9 billion. The company’s CEO, Fred Thiel, declared a “full HODL” approach, refraining from selling any mined Bitcoins to fund operations but rather increasing its Bitcoin reserves. MARA previously launched a stock sale last year offering up to $1.5 billion in shares and issued $1 billion of zero-coupon convertible senior notes in November to purchase Bitcoin. MARA’s stock closed on March 28 at $12.47, down 8.58%, amid a broader decline in crypto mining stocks following reports of Microsoft abandoning data center investments in the US and Europe. Overnight trading on March 30 saw MARA shares drop by 4.6% to $11.89. Bitcoin is currently trading just above $82,000, down 1.2% in the past 24 hours from a recent high of around $83,500.