Let's talk about why I'm bulli

2023-12-27

Let's talk about why I'm bullish on $MARA (Marathon Digital Holdings) hitting $20 or more after earnings this Wednesday. But there's a share vote coming up, so stay tuned for that.

1. Bitcoin Connection

$MARA loves dancing with Bitcoin, and with Bitcoin currently at $35k, this stock usually joins the party. When Bitcoin rises, $MARA tends to follow.

2. Past Performance

Earlier this year, with Bitcoin at $30k, $MARA reached $17. History tells us there's room for growth from its current $9.50 level.

3. 13K+ Bitcoin on Their Balance Sheet

Here's the kicker - they've got over 13,000 BTC on their balance sheet. That's a serious stash, and it's growing as Bitcoin climbs. It's like having a secret weapon in their financial arsenal.

4. Investor Vote on Authorized Shares

Remember, there's an investor vote on authorized shares coming up. While it might not impact the price right now, it's worth keeping an eye on.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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