Why I am all in $Marathon Digital Holdings Inc(MARA)$
Marathon Digital Holdings is a cryptocurrency mining company that primarily focuses on the mining of Bitcoin. I currently own 16,000 shares. Here’s why I am all in $MARA:
1. It has the most institutional buy in amongst all the BTC Mining companies. BlackRock owns 15.4%, Vanguard owns 12.25%. They both filed an increase in their positions recently at >100% and 57% respectively.
Amongst all crypto related stocks, BlackRocks % ownership in $MARA of 15% is also its highest ownership.
2. Mara has the biggest HODL of all miners by a large margin. They have >27,000 BTC and the recent pump up to ~$99,000 per BTC will boost their profitability bigly. UPonly.
3. It has the highest hashrate of all BTC Miners which allows it to mine more BTC than all other miners.
4. They own their own pool so they are technically the most “American Miner”. MADE IN USA is their slogan and seeing that Donald Trump might want to make America the top btc mining hub in the world, they might garner more support from Trump. (Mining CEOs met with trump fairly recently before the election day)
5. Many other miners have pumped up quite a lot but $MARA has stayed pretty stagnant. IMO it’s time for it to catch up with the rest (mean reversion / rotation back to the biggest btc miner).
6. If you believe in technical analysis, the chart is right under resistance and looking to make a move.
7. It is the most shorted mining stock at 22% float. It seems like the perfect storm with BTC close to 100k and it having a high weekly close that shorts get squeezed.
These are just some of the reasons why I am hyper bullish on $MARA and have went practically all in. Hoping to TP at $30-50 in tranches.
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