MARA Trades at a Premium Factoring in Its Debt, Not a Discount: VanEck’s Sigel Posted On December 5, 2025 VanEck’s Matthew Sigel argues MARA’s valuation looks expensive when adjusted for its leverage and capital structure. Tags:Crypto, Doge, News Related Posts Adam Back: Bitcoin’s value lies in its founder’s anonymity Michael Saylor’s Strategy hints at another big Bitcoin buy Tower Semiconductor ships 5 million photonic chips as AI data centers race to ditch copper About The Author DogeMan