MARA Stock Surge
Shares of MARA (NASDAQ: MARA) increased by 4% today, bouncing back from a significant drop influenced by hawkish comments from the Federal Reserve that affected risk assets, including Bitcoin. The cryptocurrency's value briefly fell to $98,760 before rebounding above $102,000, which positively impacted MARA's stock performance.
BTC Yield Report
MARA reported a BTC Yield of 60.9% for the period from January 1, 2024, to December 18, 2024. This performance indicator reflects the percentage change in the ratio of the company's Bitcoin holdings compared to its Assumed Fully Diluted Shares Outstanding. The company aims to add shareholder value through Bitcoin acquisition and holding.
The BTC Yield serves as a metric for assessing the company's Bitcoin acquisition strategy. For the quarter from October 1, 2024, to December 18, 2024, the BTC Yield was 22.5%. This yield metric enables investors to gauge the effectiveness of the company's equity capital in funding Bitcoin purchases and its impact on shareholder value.
Increase in Bitcoin Holdings
MARA's total Bitcoin holdings rose from 15,174 at the end of 2023 to 44,394 by December 18, 2024. Concurrently, the Assumed Fully Diluted Shares Outstanding grew from 254,888 to 463,400, considering the conversion of all convertible notes and the exercise of warrants.
MARA's focus on its Bitcoin strategy and its strong BTC Yield report have resonated with investors, leading to today's increase in stock price. As cryptocurrency markets remain volatile, MARA's strategy in capitalizing on Bitcoin fluctuations is crucial for shareholders and potential investors.
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