Mara's Massive Bet on Bitcoin: $2 Billion Stock Sale to Fuel Further BTC Purchases

Bitcoin Miner Mara Starts Massive $2 Billion at-the-Market Stock Sale Plan to Buy More BTC

March 29, 2025 – Mara, a leading bitcoin mining company, has announced a massive $2 billion at-the-market (ATM) stock sale plan, which will be used to purchase more bitcoin. The move is seen as a strategic play to expand the company's mining operations and increase its holdings of the cryptocurrency.

The ATM plan, which was filed with the Securities and Exchange Commission (SEC) on March 25, allows Mara to sell up to $2 billion worth of its common stock at prevailing market prices. The company has the option to sell the shares over the next 30 days, with the majority of the sale expected to take place in the coming weeks.

Mara's CEO, speaking to CoinDesk, said that the company is confident in its ability to execute the sale and use the proceeds to strengthen its position in the bitcoin mining market. "We believe that this is an opportunistic time to raise capital and increase our exposure to bitcoin," he said. "We are committed to being a long-term holder of the cryptocurrency and we believe that this move will help us achieve our goals."

The news comes as the bitcoin mining industry continues to experience significant growth, driven by increasing demand for the cryptocurrency and the need for more efficient and cost-effective mining operations. Mara, which has been a major player in the industry for several years, is well-positioned to take advantage of this trend and expand its operations.

Mara's stock has been trading higher in recent days, with the company's market capitalization now exceeding $5 billion. The news of the ATM plan has sent the stock price surging, with shares up over 10% in the past 24 hours.

The company's decision to use the proceeds from the sale to purchase more bitcoin is seen as a strategic move to increase its exposure to the cryptocurrency. Mara has been a long-term holder of bitcoin and has been vocal about its commitment to the asset.

The news has been welcomed by the bitcoin community, with many seeing the move as a sign of confidence in the cryptocurrency's long-term potential. "This is a great move by Mara," said one bitcoin enthusiast. "They are showing that they believe in the future of bitcoin and are willing to take a long-term view."