Mark 14:24
And he said to them, This is my blood of the new testament, which is shed for many.
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EXPOSITORY (ENGLISH BIBLE)
(24) Which is shed for many.—Better, is being shed, the participle, both here and in St. Matthew, being in the present tense.

14:22-31 The Lord's supper is food for the soul, therefore a very little of that which is for the body, as much as will serve for a sign, is enough. It was instituted by the example and the practice of our Master, to remain in force till his second coming. It was instituted with blessing and giving of thanks, to be a memorial of Christ's death. Frequent mention is made of his precious blood, as the price of our redemption. How comfortable is this to poor repenting sinners, that the blood of Christ is shed for many! If for many, why not for me? It was a sign of the conveyance of the benefits purchased for us by his death. Apply the doctrine of Christ crucified to yourselves; let it be meat and drink to your souls, strengthening and refreshing your spiritual life. It was to be an earnest and foretaste of the happiness of heaven, and thereby to put us out of taste for the pleasures and delights of sense. Every one that has tasted spiritual delights, straightway desires eternal ones. Though the great Shepherd passed through his sufferings without one false step, yet his followers often have been scattered by the small measure of sufferings allotted to them. How very apt we are to think well of ourselves, and to trust our own hearts! It was ill done of Peter thus to answer his Master, and not with fear and trembling. Lord, give me grace to keep me from denying thee.See this passage explained in the notes at Matthew 26:20-35.Mr 14:12-26. Preparation for, and Last Celebration of, the Passover—Announcement of the Traitor—Institution of the Supper. ( = Mt 26:17-30; Lu 22:7-23, 39; Joh 13:21-30).

See on [1501]Lu 22:7-23; [1502]Lu 22:39; and see on [1503]Joh 13:10, 11; [1504]Joh 13:18, 19; [1505]Joh 13:21-30.

See Poole on "Mark 14:22" And he said unto them,.... Not after they had drank of it, but before, and as he gave it to them:

this is my blood of the New Testament, which is shed for many; in Matthew it is added, "for the remission of sins"; See Gill on Matthew 26:28.

And he said unto them, This is my blood of the new testament, which is shed for many.
EXEGETICAL (ORIGINAL LANGUAGES)
Mark 14:24. καὶ εἶπεν: while they drank the cup (not after they had drunk it, De Wette: nor before they began to drink, as Mt.’s narrative by itself would suggest), Jesus explained to them the symbolic import of the cup. The important point in Mk.’s account of the words, as compared with Mt.’s, is the omission of the expression, εἰς ἄφεσιν ἁμαρτιῶν.24. This is my blood of the new testament] or rather, Covenant. Some of the best MSS. here omit “new.” He reminds them of the old Covenant also made in blood with their fathers in the wilderness (Exodus 24:8).

which is shed for many] i. e. which is being (or on the point of being) shed for many. St Matthew (Matthew 26:28) adds, “unto the remission of sins;” St Paul adds (1 Corinthians 11:25), “Do this, as oft as ye shall drink it, in remembrance of Me.” Thus did our Lord ordain Bread and Wine to be the “outward part” or “sign” of the Sacrament of our Redemption by His death. In the ordinary Paschal Feast these elements had been subordinate. He now gives to them the first importance. In the ordinary Paschal Feast the Lamb occupied the chief place. Now the type was succeeded by the Antitype; now the “very Paschal Lamb” was come, and was about to offer Himself from the altar of His Cross for the sins of the whole world. Of the Jewish Paschal Lamb, therefore, no word is said, but in its place our Lord puts the Bread and Wine, the Sacramental Symbols of His Body and Blood. Gradually and progressively He had prepared the minds of His disciples to realise the idea of His death as a sacrifice. He now gathers up all previous announcements in the institution of this Sacrament.Verse 24. - This is my blood of the covenant. There is not sufficient authority for the retaining of the word "new" (καινῆς) in the text. Covenant

See on Matthew 26:28.

Is shed (τὸ ἐκχυννόμενον)

Lit., is being shed. This present participle is significant. To the Lord's mind the sacrifice is already being offered.

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