Marathon Holdings, a leading Bitcoin mining company, is set to raise up to $2 billion through a stock offering aimed at expanding its Bitcoin reserves. This strategic move follows a trend among several companies, including GameStop and Metaplanet, which are also increasing their Bitcoin holdings despite recent price declines. Marathon, the largest publicly traded Bitcoin miner, intends to utilize the funds to bolster its treasury and support its ongoing operations. The decision comes amid a broader corporate push to accumulate Bitcoin, as evidenced by other firms raising substantial amounts for similar purposes. Notably, MicroStrategy's recent activity has seen it acquire approximately $1.92 billion worth of Bitcoin, further intensifying the competition in the corporate Bitcoin treasury landscape. Despite these significant purchases, Bitcoin's price has seen a downturn, dropping approximately 5% in recent days, raising questions about the sustainability of this accumulation strategy in a bear market environment.