Michael Saylor Says MARA On The ‘Bitcoin Standard’ As Company Doubles Market Cap, Stock Price In Last 3 Months

MARA Holdings Inc. (NASDAQ:MARA) more than doubled its market valuation over the last three months, powered by gains in the apex cryptocurrency and its gradual pivot toward the Bitcoin (CRYPTO: BTC) “Standard.”

What happened: Shares of the leading Bitcoin mining company closed at a 9-month high of $27.42 last Friday. The rally brought the firm’s market capitalization to an all-time high of $8.825 billion.

At Monday’s close, MARA was valued at $8.24 billion, reflecting an addition of $4.31 billion since Sept. 6, or 109%. During this time, the stock price has nearly doubled from $13.37 to $25.63.

Interestingly, its gains in this period have surpassed those of other major miners, including Riot …

Full story available on Benzinga.com

  • bitcoinBitcoin (BTC) $ 94,505.00
  • dogecoinDogecoin (DOGE) $ 0.337211
  • shiba-inuShiba Inu (SHIB) $ 0.000022
  • litecoinLitecoin (LTC) $ 103.15
  • pepePepe (PEPE) $ 0.000018
  • bellscoinBellscoin (BELLS) $ 0.395632
  • luckycoinLuckycoin (LKY) $ 0.905369
  • bitcoinBitcoin (BTC) $ 94,505.00
  • dogecoinDogecoin (DOGE) $ 0.337211
  • shiba-inuShiba Inu (SHIB) $ 0.000022
  • litecoinLitecoin (LTC) $ 103.15
  • pepePepe (PEPE) $ 0.000018
  • bellscoinBellscoin (BELLS) $ 0.395632
  • luckycoinLuckycoin (LKY) $ 0.905369