$Marathon Digital Holdings Inc(MARA)$ Seem like institutional investor have confident in the stock at this price for a 0 coupon in the stock appreciation
$Marathon Digital Holdings Inc(MARA)$ Mara has a price to book ratio of 1.69 by standard following microstrategy, it should be trading at least 3-4 times the price now... Election is in play... momentum is not there.
$Marathon Digital Holdings Inc(MARA)$ Mara P/B ratio is only 2.1... looking attractive to hold for good gain if bitcoin rise.. limited downside, Mara will continue to produce bitcoin even if it is good or bad..
$Marathon Digital Holdings Inc(MARA)$ The asset that generate real profit for price appreciation.. not etf when bitcoin price is down or up or just for exposure.. the use of bitcoin will always serve as a fundamental for all other coins in the market.. simple because of the store of value and first mover coin in the market.. as long as bitcoin is accepted as payment and trading.. there will always be a use case for it.. just my 2 cent
$Marathon Digital Holdings Inc(MARA)$ actually Bitcoin miners are the only one generating profit after halving... non of the etf generate returns unless bitcoin rise significantly.. the only skin is just exposure but miners have expenses but still generate positive revenue.. so stock appreciation is better or exposure is better. Just my 2 cent
$Marathon Digital Holdings Inc(MARA)$ Be fearful when others are greedy and be greedy when others are fearful. Mara is worth 5 billions now. Any fund that purchased half of Mara get access to 1.5billion bitcoin and cash. Halving cause price to rise due to supply and demand. But rising price become too expensive to buy. Next halving is 4 years aways. Companies that servived like Mara tend to benefit with rising price, generating bitcoin without buy from open markets and fund get revenue of more than half a billion yearly for the next 4 years. Thoughts. Why not the big sell down if funds and investors are leaving.