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.

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The transfer was carried out by digital asset services provider Swissquote Bank Europe via the Taurus platform. The company financed its investments in bitcoins by raising funds from the issue of convertible bonds.

The Blockchain Group's first two purchases occurred at two important moments in the Bitcoin market . The company bought 15 BTC on November 5, 2024 — the day Donald Trump won the US presidential election.

The second purchase of 25 bitcoins took place on December 4, when the asset surpassed the $96,000 mark amid an election-inspired rally.

The company emphasized that the strategy for accumulating the first cryptocurrency was developed in order to more effectively distribute excess funds, and the profitability of the bitcoin portfolio amounted to 709.8% since the beginning of the year.

Earlier, the American company GameStop (NYSE: GME ), which sells video games and gaming consoles, announced that its board of directors unanimously approved the use of the first cryptocurrency as a reserve asset.

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Paul Atkins, President Donald Trump’s nominee to head the U.S. Securities and Exchange Commission (SEC), has pledged that under his leadership, the agency’s regulation will favor the cryptocurrency sector. He also pledged not to let politics hinder capital formation. Details of his commitments were contained in a prepared statement released by the Senate on Wednesday.

In his written remarks, Atkins emphasized that a key focus of his chairmanship will be working with fellow commissioners and Congress to create a robust regulatory framework for digital assets. He emphasized the need for a rational, consistent, and principled approach to this task.

Atkins' Senate confirmation hearing is scheduled for Thursday. His appointment and subsequent commitments point to a potentially positive development for the cryptocurrency sector, which has long sought clarity and support from regulators like the SEC.

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