What's Going On With Bitcoin Mining Stock MARA Holdings Wednesday?

Dylan Berman

October 16, 2024

MARA Holdings, Inc. (NASDAQ:MARA) shares are moving higher Wednesday after Bitcoin (CRYPTO: BTC) prices climbed to the highest levels since July.

What To Know: Bitcoin surged to three-month highs on Wednesday, driving strength in crypto markets and crypto-related stocks. Bitcoin miner MARA Holdings is gaining alongside Bitcoin and other mining stocks including Riot Platforms, Inc.(NASDAQ:RIOT) and CleanSpark, Inc. (NASDAQ:CLSK).

Bitcoin ETFs saw a significant surge in inflows on Monday. Single-day net inflows of $555.8 million to start the week marked the highest activity since July. Bitcoin prices also reflect their highest levels since July as of Wednesday.

After the market close on Tuesday, MARA announced that it secured access to a $200 million line of credit, with part of its Bitcoin holdings serving as collateral. The company plans to use the line of credit to take advantage of strategic opportunities, as well as for general corporate purposes.

MARA had combined unrestricted cash, cash equivalents and Bitcoin holdings of $1.4 billion as of Aug. 1.

Related Link: Elon Musk’s Tesla Waving Goodbye To Bitcoin? $760M Sent To Unknown Wallets

How To Buy MARA Stock

By now you're likely curious about how to participate in the market for MARA Holdings – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy â€˜fractional shares,' which allows you to own portions of stock without buying an entire share.

In the case of MARA Holdings, which is trading at $17.65 as of publishing time, $100 would buy you 5.66 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

MARA Price Action: At the time of publication, MARA Holdings shares were up 3.25% at $17.47 according to data from Benzinga Pro.

Image: Photo via Shutterstock

Recommended

This Oil Investment Is Crushing Traditional Stocks - Ad

Must-See 20 Second Trading Demo - Ad

10X More Profitable Than Physical Gold? - Ad

U.S. Supreme Court considering RICO case involving fired truck driver claiming injury from CBD product, divided on implications of ruling.

Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy

China has gone out in full throttle to stimulate its economy and analysts are mostly upbeat about its ramifications.

Silicon Valley Insider Reveals AI Retirement Playbook

Silicon Valley Insider Reveals AI Retirement Playbook - Ad

Jeff Brown, who recommended Nvidia in 2016, is sharing his full blueprint to help you retire comfortably using AI investments. Follow his strategy for a secure financial future.

Poland tightens visa rules as probe confirms previous government's cash-for-visas scandal

WARSAW, Poland (AP) — Poland is tightening its visa regulations as probes into alleged have confirmed which cost the public purse millions of dollars, the foreign minister of this European Union country said Thursday.

Stock market today: Asian shares gain after China says more help is needed for its slowing economy

BANGKOK (AP) — Asian shares gained ground on Monday, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy.

Bill Gates' Mysterious New AI Project Revealed

Bill Gates' Mysterious New AI Project Revealed - Ad

Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.

Trump's Niece Calls Concessions Tim Walz Made to His Opponent During Tuesday's Debate Shocking: 'Won - Not On Style..But On Substance'

Ex-President Trump's niece said Democrats made a lot of concessions to their rivals in the vice presidential debate held Tuesday.

SEC Showdown: Gary Gensler Defends Crypto Policy While Commissioner Mark Uyeda Calls It 'Disaster' For Assets Like Bitcoin, Ethereum, Dogecoin

In a fresh display of growing discord within the SEC, Commissioner Mark Uyeda has slammed the agency’s cryptocurrency policy, calling it a “disaster” for assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin

These Stocks Could Surge Despite the Current Downturn

These Stocks Could Surge Despite the Current Downturn - Ad

The market may be down... But when Apple makes this announcement as soon as September 10... These three stocks could start to take off.

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Bernie Sanders And AOC Clap Back At Mark Cuban's Push for FCC Chief Shakeup: 'Anyone Goes Near Lina Khan And There Will Be An Out And Out Brawl'

Alexandria Ocasio-Cortez and Bernie Sanders have strongly defended FTC chief Lina Khan and opposed Mark Cuban's suggestions that she be replaced if Kamala Harris becomes president.

Leaked 19-Page Memo Just Sparked an $18.3 Billion Income Opportunity

Leaked 19-Page Memo Just Sparked an $18.3 Billion Income Opportunity - Ad

This new economic policy is allowing in-the-know Americans to claim as much as $7,882 every quarter. It all starts with his secret 19-page memo: I call them "Stimulus Stipends," and they're like stimulus payments on steroids. And it only takes a matter of minutes to get started.

Jamie Dimon Warns Of Global Risks To Economy: 'Treacherous And Getting Worse'

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE: JPM), has issued a stark warning about key challenges that could affect the U.S. economy.

In Philadelphia, Chinatown activists rally again to stop development. This time, it's a 76ers arena

PHILADELPHIA (AP) — Vivian Chang works on a narrow Philadelphia street that would have been consumed by a Phillies stadium had Chinatown activists not rallied to defeat the plan in the early 2000s. Instead of 40,000 cheering fans, the squeals of young children now fill the playground at Folk Arts-Cultural Treasures Charter School, which opened in 2007.

US Oil Set to Surge on Middle East Tension... Are You Ready?

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

SpaceX launches rescue mission for 2 NASA astronauts who are stuck in space until next year

CAPE CANAVERAL, Fla. (AP) — SpaceX for the two stuck astronauts at the International Space Station on Saturday, sending up a downsized crew to bring them home but not until next year.

Trump Backs Out Of Planned '60 Minutes' Interview, Ex-President's Campaign Says CBS Asked For Unprecedented Live Fact Checking

Former President Donald Trump has reportedly withdrawn from a scheduled appearance on CBS "60 Minutes."

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

This Chipmaker Jumps Over 16% After Nvidia Rival Signs $750M Deal Under Biden's CHIPS And Science Act

The funding aims to support Wolfspeed's long-term growth and enhance domestic production of silicon carbide, a critical component for electric vehicles, AI data centers, and battery storage systems.

China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurk

VIENTIANE, Laos (AP) — Chinese Premier Li Qiang called for deeper market integration with Southeast Asia on Thursday during annual summit talks where territorial disputes in the South China Sea are likely to be high on the agenda.

New Token Poised for Breakout as "Defi 2.0" Takes Off

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Revealed: The #1 DeFi Coin Driving Financial Revolution. Experts hail this as the cornerstone of the new decentralized finance era. While Bitcoin dominates headlines, this governance token is quietly reshaping lending markets. Experts suggest accumulating before institutional money flows in.

Mark Cuban's Take on Harris' Tax Policies, Trump Takes Lead In Pennsylvania Poll, DeSantis Refutes Vice President's Accusations And More: Weekend Politics Roundup

The political landscape was buzzing over the week with significant developments. From a surprising poll result in Pennsylvania to billionaire Mark Cuban's critique of Vice President Kamala Harris and Elon Musk, the weekend was filled with intriguing stories. Here's a quick roundup of the top stories from the weekend.

What's next for oil and gas prices as Middle East tensions heat up?

Oil prices climbed this week as tensions in the escalated. and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that may not happen.

You're About to Lose the Majority of Your Wealth

You're About to Lose the Majority of Your Wealth - Ad

Whether you want to admit it or not... America is headed over the cliff. That's why I put this presentation together at great personal risk. Because starting on Nov. 5th you could lose everything you're entitled to as an American, including the majority of your wealth.

Tips for shopping for Medicare Advantage plans

Shopping season for Medicare coverage is about to begin. With it comes the annual onslaught of TV ads and choices to consider.

China's premier inaugurates a Beijing-funded airport at the start of a Pakistan trip

ISLAMABAD (AP) — China’s Premier Li Qiang on Monday inaugurated a Beijing-funded airport built in restive southwestern Pakistan a week after militants killed two Chinese workers, as he arrived for a regional security meeting in Islamabad.

Shocking Footage from Bill Gates' $100 Billion AI Project

Shocking Footage from Bill Gates' $100 Billion AI Project - Ad

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

Port Strike Enters Day 3: Economist Warns Of 'Meaningful' Impact If Standoff Prolongs, Food & Beverages Likely First To Feel The Pinch

The dockworkers' strike that is threaten the fragile economic momentum, if short-lived, may not cause havoc, economist says.

Teva Launches Generic Version Of Sandostatin In The US

Shares of Teva Pharmaceutical Industries (NYSE: TEVA) are down Tuesday. Here's what you need to know.

This Hidden Player Runs the Country Now

This Hidden Player Runs the Country Now - Ad

Let's face it: Joe Biden was never in control of anything. Neither is Kamala Harris. So, who's really calling the shots? This hidden player who exercises power behind the scenes. That's why I've sent you this note at great personal risk because he will not quit until he takes everything you have.

A chemical cloud moving around Atlanta's suburbs prompts a new shelter-in-place alert

ATLANTA (AP) — Residents east of Atlanta were again warned to take shelter where they are on Tuesday if a chemical cloud moves over their neighborhood, as winds shifted the plume from .

Trump Slamming Harris With Increasingly Sharp And Personal Attacks

Former President Donald Trump has reportedly launched a series of personal attacks against Vice President Kamala Harris.

Planning to Vote? This Election Is Rigged!

Planning to Vote? This Election Is Rigged! - Ad

If you are planning to vote in November (and even if you are not), then what we've dug up will impact you and your money... Make no mistake: Congress and the Biden Administration have already rigged this election. The next President will be chosen by a select group of powerful people in the U.S. government.

Marjorie Taylor Greene Boosts Stock Portfolio With AI Exposure, Buys JPMorgan And This Hot Magnificent 7 Stock: Here're Congresswoman's Latest Trades

Even as the market trades at record highs, Republican Congresswoman Marjorie Taylor Greene deemed it fit to beef her portfolio.

NHTSA Opens Probe Into Nearly 36K Ford Flex Vehicles Over Claims Of Rearview Camera Failure

NHTSA said on Monday that it is opening a preliminary evaluation into Ford's 2019 model year Flex vehicles over allegations of rare-view camera failure.

Investor Alert: The Superfuel Critical to the AI Revolution!

Investor Alert: The Superfuel Critical to the AI Revolution! - Ad

This superfuel could easily be the trade of the next two decades! Prices keep climbing and are projected to do so well into the 2030's as demand intensifies. Uncover the tiny company that could be at the center of it all.

NFL Star Shocks Fans With Trump Endorsement

Kansas City Chiefs kicker Harrison Butker has publicly shown his support for former President Donald Trump, referring to him as "the most pro-life president."

BlackRock's Steady Climb: Q3 Earnings Beat Projections, Assets Under Management Soars To $11.5T

BlackRock, Inc. shares rise on Q3 results, with $5.197 billion revenue and $2.13 billion operating income. Net inflow of $221 billion and adjusted EPS of $11.46.

Financial Nightmare Coming After Election

Financial Nightmare Coming After Election - Ad

In 2018, one independent research predicted Kamala Harris was on her way to becoming the president of the United States. "Frankly, she scares us to death... and she should scare you," they wrote. Which is why you need to check out their newest Kamala prediction immediately.

Samsung Warns Of Q3 Profit Drop Amid Shipment Delays Of AI Chip Approved By Nvidia

Samsung Electronics has issued a warning, predicting a significant drop in third-quarter profits, due to various factors including one-time costs and a surge in supply from Chinese rivals.

Trending Now