World’s largest miner Marathon to raise $2 billion to buy BTC
The company is following the lead of analytics software provider Strategy, which is the largest corporate holder of the first cryptocurrency
31.03.2025 - 11:35
906
3 min
0
What’s new? Marathon Digital (MARA), the world’s largest US bitcoin mining company with a capitalization of $4,31 billion, plans to issue up to $2 billion worth of additional shares and use the proceeds to invest in the first cryptocurrency. According to a report filed with the US Securities and Exchange Commission (SEC), the offering will be made through investment firms including Cantor Fitzgerald and Barclays.
What else is known?
“We currently intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and for working capital,” Marathon added.
Marathon urges the US authorities to quickly increase mining capacity and BTC accumulations
According to the management of the largest mining company, the country’s leadership in these areas is important for maintaining national security
The company is following the lead of analytics software provider Strategy (formerly MicroStrategy), Michael Saylor, which began investing in bitcoin in 2020 and has since become the largest holder of the first cryptocurrency among publicly traded companies.
Strategy used various market offerings, including selling shares, to accumulate 506 137 BTC worth $42,4 billion. According to Bitcoin Treasures, Marathon is in second place behind Strategy with accumulations of 46 374 BTC worth $3,8 billion.
Strategy announces plans to raise $2 billion in bitcoin purchases
The company noted that the net proceeds from the offer will primarily go to finance purchases of cryptocurrencies
Last July, Marathon CEO Fred Thiel announced that the company was shifting to a long-term holding strategy and would no longer sell mined bitcoins to fund its operations, and would begin buying additional coins to build up a reserve.
Early last year, the company had already placed up to $1,5 billion in additional shares. In November, it also issued $1 billion in convertible senior notes with plans to use most of the proceeds to buy bitcoins.
Canadian miner Bitfarms has bought US competitor Stronghold Digital
The deal amount exceeded $110 million
The company’s shares under the ticker MARA are trading at $12,47 on the Nasdaq, having lost 8,58% overnight amid Microsoft dropping plans to invest in new data centers in the United States and Europe. Over the month securities added 1,75%, but the fall since the beginning of the year amounted to 28,62%.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$78 936
BTC
-2.87%
-
Ethereum
$2 274.45
ETH
-3.66%
-
BNB Smart Chain
$702.47
BSC
-7.18%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.351058
TRX
+6.52%
-
Zcash
$1 253.97
ZEC
-4.41%
-
Dogecoin
$0.076267
DOGE
-4.53%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$277.56
BCH
-4.49%