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.
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