MARA has announced plans to issue and sell shares worth $2 billion.
The net proceeds from this offering will be used to purchase the first cryptocurrency and replenish working capital.

Bitcoin mining company MARA (formerly Marathon Digital) plans to issue and sell shares worth $2 billion. The company will use the funds to purchase its first cryptocurrency and replenish working capital.

The press release stated that on March 28, 2025, MARA entered into an agreement to place shares on the open market with a number of financial institutions, including Barclays, BMO Capital Markets, Cantor Fitzgerald and others.

“Under this agreement, we may tender and sell up to $2 billion of our common stock (at a price of $0.0001 per share),” the statement said.

In addition, the proceeds may be used to purchase additional servers for bitcoin mining, as well as to acquire businesses, expand existing assets, pay off debt and other outstanding obligations.

If MARA decides to use the entire $2 billion to purchase Bitcoin, it will be able to add approximately 24,390 BTC to its portfolio.

Recall that at the end of 2024, MARA announced the purchase of 15,574 BTC worth $1.53 billion.