MARA Holdings Option Alert: Apr 17 $14 Puts at the Bid: 6800 vs 11128 OI; Earnings 5/8 After Close [est] 

MARA Holdings Option Alert: Apr 17 $14 Puts at the Bid: 6800 @ $1.16 vs 11128 OI; Earnings 5/8 After Close [est] Ref=$13.725

MARA Holdings Option Alert: Apr 17 $14 Puts at the Ask: 6000 vs 16508 OI; Earnings 5/8 After Close [est] 

MARA Holdings Option Alert: Apr 17 $14 Puts at the Ask: 6000 @ $0.98 vs 16508 OI; Earnings 5/8 After Close [est] Ref=$14.16

MARA Holdings (NASDAQ:MARA) Bolsa

MARA HOLDINGS INC

MARA Holdings

Marathon Digital Holdings

MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.

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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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MARA

Bitcoin (CRYPTO: BTC) no solo es una reserva de valor para muchos inversores, sino también una posible amenaza al dominio del dólar como moneda de reserva global, según Max Keiser, asesor sénior en Bitcoin del gobierno de El Salvador.

Bitcoin desafía al dólar como reserva mundial, según Max Keiser

Blackrock,And,Bitcoin,Logo,On,Dark,Background,With,Shiny,Details.

MSTR

MTPLF

SMLR

Bitcoin (CRYPTO: BTC) es cada vez más popular entre los compradores corporativos, con datos on-chain que sugieren la acumulación 

Bitcoin en el radar de empresas: compras millonarias y volatilidad

Fred Thiel, CEO de MARA Holdings (NASDAQ:MARA), habló el miércoles sobre la activa colaboración de la empresa con la administración del presidente estadounidense Donald Trump para fortalecer la minería de Bitcoin (CRYPTO: 

MARA Holdings impulsa la minería de Bitcoin en EE. UU. con apoyo de la administración Trump

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According to several experts in the sector, Bitcoin ETFs and cryptocurrency-related ETFs have made significant progress since launching in January 2024 <a href="https://www.benzinga.com/etfs/currency-etfs/25/01/42971053/bitcoin-etfs-enter-2025-after-massive-first-year">and setting inflow records</a>.
Here's what three Bitcoin-ETF experts had to say about the sector&#8217;s growth, why people are choosing Bitcoin ETFs, what the U.S. buying Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could mean for demand and validation, and what comes next for cryptocurrency ETFs.
Beating Expectations: The launch of Bitcoin ETFs has been an &#8220;amazing journey&#8221; that could be &#8220;just beginning,&#8221; WisdomTree Global Head of Research Chris Gannatti said at <a href="https://www.youtube.com/watch?v=g-tme4GtysQ">Benzinga's recent ETF event.</a>
"At WisdomTree, we've been amazed to watch the appetite, the adoption," Gannatti said.
Gannatti said it's clear there was pent-up demand for Bitcoin ETFs and everyone has now seen "incredible growth."
WisdomTree was one of the first companies with a Bitcoin ETF with the WisdomTree Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCW#BATS">BTCW</a>).
Bitwise Asset Management Head of Research Ryan Rasmussen echoed the early success of Bitcoin ETFs with his company behind the Bitwise Bitcoin ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>) and several other crypto-related ETFs.
"The adoption and performance of Bitcoin ETFs since they launched in the US since last January is just incredible," Rasmussen said.
Rasmussen said Bitcoin ETFs broke the one-year record for inflows and continue to see strong demand.
"We're extremely excited about it. Just getting started."
After the launch of the initial batch of Bitcoin ETFs came other funds like the Innovator Uncapped Bitcoin 20 Floor ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/QBF#BATS">QBF</a>), which offers limited downside for investors.
Innovator Director of Product Strategy Andrew Nelson said the initial growth of Bitcoin ETFs is what spurred the company launching a crypto ETF.
"There's room for everybody," Nelson said.
Nelson said Innovator's fund creates additional investment opportunities for investors and another tool in their tool kit when looking for exposure to Bitcoin.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45018551/senator-on-digital-assets-committee-buys-more-bitcoin-etf-shares-2025-is-the-year-for-digital-assets">Senator On Digital Assets Committee Buys More Bitcoin ETF Shares: &#8216;2025 Is The Year For Digital Assets&#8217;</a>
Why Bitcoin ETFs?: When asked why there's room for Bitcoin ETFs alongside investing directly in Bitcoin, the expert panel didn't flinch.
Nelson said Bitcoin ETFs like the one from Innovator provide "unique exposure" for investors.
Summarizing his company's ETF in three sentences, he said it's, "Bitcoin, 20% max loss, and no cap."
The Innovator fund offers an uncapped upside while providing a 20% max loss each quarter for investors. Nelson said this is not something you can engineer on your own just by holding Bitcoin.
Rasmussen echoed this sentiment saying there are different things ETFs can do like derivatives and options along with getting access to "institutional grade custody" of Bitcoin.
With Bitcoin ETFs, there's less risk for asset managers than worrying about self-custody and other aspects for clients, Rasmussen added.
Countries and Companies Adding Bitcoin: Another key growth topic for Bitcoin and Bitcoin ETFs could be the stockpiling of the leading cryptocurrency by countries and companies.
Gannatti said that some see the degree of success Michael Saylor has had with Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) buying Bitcoin and they want to follow it.
"People who have achieved great success get great attention," Gannatti said.
Gannatti also said the US being more crypto-friendly isn't a done deal, but things are changing.
"The current administration is pushing the ball down the field in a positive direction."
Without giving a price prediction, Gannatti said if the only goal is to get the price of Bitcoin to go up fast, the U.S. buying Bitcoin could be the quickest way.
Rasmussen highlighted the sector&#8217;s change. The fact that a person predicting some of the things that happened five years ago would have been laughed at and called crazy, he added.
"I think it's crazy that we're seeing corporations and governments buy Bitcoin, not in a bad way," Rasmussen said.
Rasmussen referenced how GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) recently bought Bitcoin. More companies are saying they're adding the cryptocurrency to hedge against national debt, inflation, and geopolitical concerns.
"I still think we're in the early stages of seeing mass adoption by governments and corporations."
Rasmussen added that, "no government wants to be the last mover when it comes to this."
Pension funds that have yet to invest in Bitcoin say they&#8217;d feel comfortable adding cryptocurrency to their portfolios if the U.S. purchases Bitcoin, the panelist added.
"I think that is one of those monumental moments,&#8221; he added.
More demand from countries and corporations could lead the price of Bitcoin higher, Nelson said.
Nelson said the idea is that high demand drives prices higher in a supply-constrained environment. The U.S. buying Bitcoin could be a positive action for the sector. Yet, Nelson added, it might not be the same initial demand that happened when Bitcoin ETFs launched.
"We think it's a positive for the space."
What's Next: Bitwise predicts Bitcoin will hit $200,000 by the end of 2025 and $1 million by 2029. Rasmussen said these are predictions and not investment advice but show confidence in the long term.
Going forward, the company is also launching more ETFs in the cryptocurrency space. This includes covered call income strategy funds around public crypto-companies like Strategy, MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
"We're spending a lot of time thinking about what products do investors want access to," Rasmussen said. 
Innovator has just one current cryptocurrency ETF — QBF. However, the company is closely monitoring the space and the options market to see where the demand is, Nelson said, adding, "We're looking at Ethereum of course, because of its already approved nature.&#8221;
Innvoator also monitors Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and XRP CRYPTO:XRP). 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/02/43599972/new-bitcoin-etf-limits-losses-to-20-offers-risk-controlled-exposure">New Bitcoin ETF Limits Losses To 20%, Offers Risk-Controlled Exposure</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
 <iframe loading="lazy" title="Crypto Panel - Virtual ETF Event" width="500" height="281" src="https://www.youtube.com/embed/ozqSFOpMooE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Image: Shutterstock

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Bitwise Bitcoin ETF Common Shares of Beneficial Interest

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Innovator ETFs Trust Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly

EXCLUSIVE: Bitcoin ETF Experts On Past, Present And Future Of Sector — Why US Buying BTC Could Be 'Monumental Moment'

Shares of MARA Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) are trading higher Tuesday after the company reported a sharp increase in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45752589/mara-holdings-riot-platforms-cleanspark-shares-rise-following-bitcoin-production-updates-heres-how-the-miners-stacked-up-in-may">production for May</a>.
What To Know: The Bitcoin miner reported total production of 950 Bitcoin during the month, representing a 35% jump from April. MARA also earned a record 282 blocks, up 38% month-over-month, marking its best performance since the Bitcoin halving event in April 2024.
The production gains helped MARA grow its total Bitcoin holdings to 49,179 as of the end of May. The company confirmed it did not sell any of its Bitcoin during the month. CEO Fred Thiel attributed the record production to MARA's fully integrated tech stack and the performance of its self-owned MARA Pool, which outperformed the network average in block reward luck by over 10%.
The company emphasized the efficiency of running its own mining pool, which eliminates fees paid to external operators and allows it to retain full value from block rewards. Thiel added that MARA's strategy of becoming a vertically integrated digital energy and infrastructure company is intended to boost operational control and resilience amid economic uncertainty.
Investors responded positively to the operational update, which showed increases across key metrics including hashrate and average BTC produced per day. MARA's improved mining performance reflects strong execution as the company scales its infrastructure.
MARA Price Action: Mara Holdings shares were up 6.79% at $15.34 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro.</a>
Read Next:
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Image via Shutterstock.

Movers

MARA Holdings Shares Climb After Company Reports Bitcoin Production Metrics

WIIM

MARA Holdings shares are trading higher after the company provided Bitcoin production and mining operation updates, which included a month-over-month increase in coins produced.

Bitcoin&nbsp;(CRYPTO:&nbsp;<a href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks&nbsp;MARA Holdings&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>),&nbsp;Riot Platforms&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)&nbsp;and CleanSpark&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) are moving higher on Tuesday. Each of the companies released&nbsp;<a href="https://www.benzinga.com/pressreleases/25/06/g45743700/mara-announces-bitcoin-production-and-mining-operation-updates-for-may-2025">production updates for May</a>.
MARA Production Update: MARA Holdings mined 950 bitcoin in May, up 35% on a month-over-month basis. The company said it won 282 blocks last month, up 38% compared to the prior month. MARA Holdings held a total of 49,179 bitcoin as of May 31 after opting not to sell any holdings during the period. 
MARA Holdings reported a total energized hashrate of 58.3 EH/s&nbsp;at month&#8217;s end, up from 57.3 EH/s at the end of April. 
&#8220;Our fully integrated tech stack is a key differentiator, and MARA Pool is the only self-owned and operated mining pool among public miners, offering greater control and efficiency. Operating our pool means no fees to external operators and retention of the full value of block rewards. Production in May also benefitted from block reward luck,&#8221; said&nbsp;Fred Thiel, chairman and CEO of MARA Holdings.
MARA Holdings shares were up 5.47% at $15.15 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
RIOT Production Update: Riot mined 514 bitcoin in May, up 11% month-over-month and 139% on a year-over-year basis. The company said it held 19,225 bitcoin at the end of the month.
Riot increased its deployed hashrate to 35.4 EH/s during the month, up from 33.7 EH/s in April and up 142% year-over-year. 
&#8220;In May, Riot made significant progress across our&nbsp;bitcoin&nbsp;mining and data center platforms. Riot mined 514&nbsp;bitcoin&nbsp;in May, an&nbsp;11%&nbsp;increase over the previous month, and we will continue to prioritize operational excellence as we head into the summer months in&nbsp;Texas&nbsp;and&nbsp;Kentucky,&#8221; said Jason Les, CEO of Riot. 
Riot shares were up 4.42% at $8.85 at last check on Tuesday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
CLSK Production Update: CleanSpark mined 694 bitcoin in May, up about 10% on a month-over-month basis. CleanSpark said it held a total of 12,502 bitcoin at the end of the month after selling 293.5 bitcoin during the period. 
CleanSpark closed out May with an operating hashrate of 45.6 EH/s, up 7.5% from 42.4 EH/s at the end of April. 
&#8220;As we enter June, we&#8217;re positioned to become the first public&nbsp;Bitcoin&nbsp;miner to achieve 50 EH/s entirely through self-operated infrastructure. This milestone reflects the strength of our vertically integrated model, allowing us to scale efficiently, retain operational control, and protect margins,&#8221; said Zach Bradford, president and CEO of CleanSpark.
CleanSpark shares were up 4.70% at $9.01 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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</ul>
Photo: OlegD/Shutterstock.

CLSK

RIOT

MARA Holdings, Riot Platforms, CleanSpark Shares Rise Following Bitcoin Production Updates: Here's How The Miners Stacked Up In May

Financial giants have made a conspicuous bullish move on MARA Holdings. Our analysis of options history for MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $147,150, and 6 were calls, valued at $341,500.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $50.0 for MARA Holdings over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MARA Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MARA Holdings's substantial trades, within a strike price spectrum from $10.0 to $50.0 over the preceding 30 days.
<h3>MARA Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748959273_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.3</td>
<td>$6.25</td>
<td>$6.26</td>
<td>$10.00</td>
<td>$93.9K</td>
<td>5.2K</td>
<td align="right">152</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$2.23</td>
<td>$2.23</td>
<td>$2.23</td>
<td>$20.00</td>
<td>$78.0K</td>
<td>9.3K</td>
<td align="right">395</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.75</td>
<td>$3.75</td>
<td>$3.75</td>
<td>$15.00</td>
<td>$75.0K</td>
<td>12.5K</td>
<td align="right">251</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$0.72</td>
<td>$0.57</td>
<td>$0.6</td>
<td>$13.50</td>
<td>$40.8K</td>
<td>133</td>
<td align="right">681</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$35.6</td>
<td>$35.5</td>
<td>$35.5</td>
<td>$50.00</td>
<td>$35.5K</td>
<td>962</td>
<td align="right">52</td>
</tr>
</tbody>
</table>

<h3>About MARA Holdings</h3>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.
Having examined the options trading patterns of MARA Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is MARA Holdings Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,923,566, with MARA's price up by 1.46%, positioned at $14.57.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 58 days.</li>
</ul>
<h3>Expert Opinions on MARA Holdings</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $17.12.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for MARA Holdings, targeting a price of $16. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on MARA Holdings with a target price of $23. 
&#x2A; An analyst from Compass Point downgraded its action to Sell with a price target of $9. 
&#x2A; An analyst from Rosenblatt has decided to maintain their Buy rating on MARA Holdings, which currently sits at a price target of $20. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for MARA Holdings, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

This Is What Whales Are Betting On MARA Holdings

Record High 282 Blocks Earned in May, 38% Increase M/M 950 Bitcoin Produced, 35% Increase M/M Increased BTC Holdings&#x2A; to 49,179 BTC
Fort Lauderdale, FL, June 03, 2025 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=vmdlj3D9M82W5PBqpSljwQNKEX7VlIc1NczwBKk4JS18HW9uUvnE8UFvWftEj3l20S4i2qQ0ZIg22SXn46FbC04lPeTSRZvCl3w2GjXTXfw=">MARA Holdings, Inc.</a> (NASDAQ: <a href="https://www.globenewswire.com/Tracker?data=AcuOE9FeeRNrUKhSvCSQfGxfFbnOlIMMZN-Ca6oFrLWqeb33Xw4C3vB-5v8OWAUlhugsWKVDLDfh64JR57mESQ==">MARA</a>) ("MARA" or the "Company"), a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as bitcoin mining, to monetize excess energy and optimize power management, today published unaudited bitcoin ("bitcoin" or "BTC") production updates for May 2025.

MARA Announces Bitcoin Production And Mining Operation Updates For May 2025; 950 Bitcoin Produced, 35% Increase M/M; 
Increased BTC Holdings To 49,179 BTC

The co-founder and executive chairman of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Michael Saylor, isn&#8217;t shying away from showcasing the success of his &#8216;Bitcoin Treasury&#8217; gambit, which is now several years in the making, with a handful of copy-cats in the fray.
What Happened: On Sunday, Saylor took to X, sharing a chart showing the 3-month performance of different stocks, commodities, and cryptocurrencies, which of course, included Microstrategy, which now conducts business under the brand name of &#8216;Strategy.&#8217;
The chart shows the company&#8217;s 44% 3-month return, far outpacing the Magnificent 7 stocks, which, barring Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are either flat or have witnessed steep declines during this period.
Here&#8217;s a comparison between Strategy Inc. and each of the &#8216;Mag 7&#8217; stocks over the past three months, as well as their year-to-date performance.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td class="has-text-align-center" data-align="center">-15.61%</td>
<td class="has-text-align-center" data-align="center">-17.63%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td class="has-text-align-center" data-align="center">+18.49%</td>
<td class="has-text-align-center" data-align="center">+9.98%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td class="has-text-align-center" data-align="center">+2.48%</td>
<td class="has-text-align-center" data-align="center">-9.33%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td class="has-text-align-center" data-align="center">+18.47%</td>
<td class="has-text-align-center" data-align="center">-2.30%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">+21.71%</td>
<td class="has-text-align-center" data-align="center">-8.65%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td class="has-text-align-center" data-align="center">-1.15%</td>
<td class="has-text-align-center" data-align="center">+8.05%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td class="has-text-align-center" data-align="center">Flat</td>
<td class="has-text-align-center" data-align="center">-6.91%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">&#8216;Pharma Bro&#8217; Martin Shkreli Sees $10 Trillion Potential In Palantir, But Cautions: &#8216;One Bad Quarter And It&#8217;s Down 50%&#8217;</a>
The stock has outpaced even Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq, and the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Most importantly, however, the stock has outpaced Bitcoin, which grew 22% during these three months, or just about half of what Strategy has delivered to its investors.
Saylor showcased this performance while cheekily writing &#8220;your portfolio needs a strategy&#8221; in his X post. Replies to the post, however, pointed out that he conveniently missed out on Bitcoin miner, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), and GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), another treasury firm, which have posted returns of 2.4% and 22.13% during this period.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Your portfolio needs a Strategy. <a href="https://t.co/TbtnJ9E1qT">pic.twitter.com/TbtnJ9E1qT</a>
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1929237352834085223?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This is rather surprising, since the company&#8217;s rise to prominence in recent years has been tied entirely to it becoming a proxy for Bitcoin. Starting in 2020, when it first pioneered the concept of corporate &#8220;Bitcoin Treasury,&#8221; the stock has since been <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40155839/bitcoin-development-company-microstrategy-plunges-almost-15-in-pre-market-whats-going-on">referred to as</a> a &#8220;Bitcoin Development Company.
However, it has long traded at a premium to its Bitcoin holdings, at 256% during November last year, which analysts attributed to its &#8220;Bitcoin Yield Strategy.&#8221; This is a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">controversial performance indicator</a> that highlights the ratio between its Bitcoin holdings and diluted equity shares.
According <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-deconstructing-strategy-mstr-premium-leverage-and-capital-structure/">to</a> a report by VanEck, Strategy still trades at a 112% premium to the face value of its Bitcoin holdings, which it attributes to the leverage it employs by issuing convertible debt and equity to fund its aggressive Bitcoin purchases.
In recent months, as tech stocks, along with broader markets, reel from trade and tariff-related uncertainties, Strategy continues to gain, with rising Bitcoin prices, which investors look upon as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44787283/is-bitcoin-a-safe-haven-if-ray-dalios-worse-than-a-recession-warning-comes-true">potential safe haven</a> during a recession.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>)</td>
<td class="has-text-align-center" data-align="center">+5.73%</td>
<td class="has-text-align-center" data-align="center">-3.34%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</td>
<td class="has-text-align-center" data-align="center">+2.39%</td>
<td class="has-text-align-center" data-align="center">-17.95%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</td>
<td class="has-text-align-center" data-align="center">+22.13%</td>
<td class="has-text-align-center" data-align="center">-2.80%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Blockchain &amp; Bitcoin Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITS#NASDAQ">BITS</a>)</td>
<td class="has-text-align-center" data-align="center">+10.55%</td>
<td class="has-text-align-center" data-align="center">-8.53%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</td>
<td class="has-text-align-center" data-align="center">+21.59%</td>
<td class="has-text-align-center" data-align="center">+7.39%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Shares of Strategy were down 0.43% on Friday, trading at $369.06, and are down 0.09% after hours on Monday.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png" alt="" class="wp-image-934885" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM.png 1618w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Strategy scores high on Momentum, but low on all other metrics. It does, however, feature a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/06/45716143/trump-administration-set-to-ease-big-bank-rules-in-major-rollback-since-2008-crisis-here-are-the-stocks-and-etfs-investors-could-consider">Trump Administration Set To Ease Big Bank Rules In Major Rollback Since 2008 Crisis: Here Are The Stocks And ETFs Investors Could Consider</a></li>
</ul>
Photo courtesy: PJ McDonnell / Shutterstock.com

AAPL

AMZN

BITS

GOOG

IBIT

MAGS

MSFT

NVDA

TSLA

Michael Saylor's Strategy Outperforms Apple, Tesla, Amazon And Other Mag 7 Stocks And It's Not Even Close: Has The 'Bitcoin Treasury' Bet Paid Off?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$140.00</td>
<td>$34.4K</td>
<td>9.5K</td>
<td>146.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$200.00</td>
<td>$31.0K</td>
<td>9.8K</td>
<td>47.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$400.00</td>
<td>$40.0K</td>
<td>7.1K</td>
<td>6.7K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$85.9K</td>
<td>14.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$250.00</td>
<td>$42.2K</td>
<td>7.8K</td>
<td>2.5K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$22.00</td>
<td>$154.0K</td>
<td>7.7K</td>
<td>2.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$125.00</td>
<td>$149.2K</td>
<td>3.8K</td>
<td>1.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$480.00</td>
<td>$42.7K</td>
<td>5.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$30.00</td>
<td>$25.6K</td>
<td>24.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$400.00</td>
<td>$47.3K</td>
<td>751</td>
<td>960</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on May 30, 2025. This event was a transfer of 210 contract(s) at a $140.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $164.0 per contract. There were 9547 open contracts at this strike prior to today, and today 146163 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on May 30, 2025. This event was a transfer of 186 contract(s) at a $200.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $167.0 per contract. There were 9895 open contracts at this strike prior to today, and today 47301 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on June 6, 2025. Parties traded 99 contract(s) at a $400.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $405.0 per contract. There were 7130 open contracts at this strike prior to today, and today 6744 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 22 day(s) on June 20, 2025. Parties traded 207 contract(s) at a $130.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $85.9K, with a price of $415.0 per contract. There were 14815 open contracts at this strike prior to today, and today 3593 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on June 6, 2025. Parties traded 60 contract(s) at a $250.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $700.0 per contract. There were 7860 open contracts at this strike prior to today, and today 2555 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bearish sentiment. It expires in 113 day(s) on September 19, 2025. Parties traded 1000 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $154.0K, with a price of $154.0 per contract. There were 7785 open contracts at this strike prior to today, and today 2149 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 78 day(s) on August 15, 2025. This event was a transfer of 93 contract(s) at a $125.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $149.2K, with a price of $1605.0 per contract. There were 3835 open contracts at this strike prior to today, and today 1924 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on June 20, 2025. This event was a transfer of 287 contract(s) at a $480.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $149.0 per contract. There were 5689 open contracts at this strike prior to today, and today 1258 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 204 day(s) on December 19, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $128.0 per contract. There were 24500 open contracts at this strike prior to today, and today 1060 contract(s) were bought and sold. 
• Regarding SNPS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), we observe a put option sweep with bullish sentiment. It expires in 22 day(s) on June 20, 2025. Parties traded 86 contract(s) at a $400.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $47.3K, with a price of $550.0 per contract. There were 751 open contracts at this strike prior to today, and today 960 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

INTC

PLTR

SNPS

10 Information Technology Stocks With Whale Alerts In Today's Session

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) keeps climbing, some public companies aren't just watching from the sidelines &#8211; they're quietly <a href="https://www.benzinga.com/crypto">raking in billions</a> just by holding it.
From household names like Tesla Inc. (NASDAQ: TSLA) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) to surprise entries like Semler Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) and Next Technology Holding Inc. (NASDAQ: NXTT), companies that bought Bitcoin early are now enjoying eye-popping gains.
The key? It's not just how much Bitcoin they own &#8211; it's how early and how cheaply they got in.
Let's break down which companies are winning the most from their Bitcoin bets.
<h2 class="wp-block-heading">MicroStrategy: The Ultimate Bitcoin Whale</h2>
No surprises here &#8211; MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) remains the corporate king of Bitcoin. The company holds over 580,000 Bitcoins, and its investment has <a href="https://bitcointreasuries.net/">grown</a> from a $40.6 billion cost to more than $63 billion in value.
That's more than $22 billion in unrealized profit. With over 60% of its market value now tied to Bitcoin, MicroStrategy has become a proxy for crypto exposure on Wall Street.
<h2 class="wp-block-heading">Tesla: Silent Holder, Big Profits</h2>
Elon Musk's Tesla might not talk much about crypto these days, but it certainly knows how to make it count. The EV giant scooped up 11,509 Bitcoins for just $386 million. That same stash is now worth $1.25 billion &#8211; a gain of more than 220%.
For a trillion-dollar company, it's a small position but a massive return.
<h2 class="wp-block-heading">Block: Square's Bitcoin Is Multiplying</h2>
Jack Dorsey's Block, formerly Square, took an early leap into Bitcoin. And it paid off. 
The company's 8,584 Bitcoin holdings have nearly quadrupled in value—from $261 million to over $930 million. While it&#8217;s best known for payments and fintech, Bitcoin is becoming a major part of the story.
Read Also: <a href="https://www.benzinga.com/general/education/25/05/45656079/microsoft-passed-on-bitcoin-while-gamestop-jumped-in-whos-laughing-now">Microsoft Passed On Bitcoin While GameStop Jumped In: Who&#8217;s Laughing Now?</a>
<h2 class="wp-block-heading">GameStop: From Meme To Bitcoin Holder</h2>
GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is back in the headlines, this time not for short squeezes but for Bitcoin. The company recently acquired 4,710 Bitcoins, which are now worth over $511 million.
While the purchase price is unknown, the valuation suggests GameStop bought in at an opportune time. With over 3.5% of its market value in Bitcoin, it's the latest unexpected name betting on crypto.
<h2 class="wp-block-heading">Next Technology: A Quiet Crypto Play With Loud Results</h2>
Next Technology might not be a household name, but it's one of the biggest Bitcoin gainers on the list. Its 5,833 Bitcoin investment &#8211; originally worth just $183 million &#8211; is now valued at over $633 million.
That's a gain of more than 240%, making it one of the stealthiest winners in the corporate Bitcoin world.
<h2 class="wp-block-heading">Semler Scientific: From Medical Devices To Digital Gold</h2>
In a move that turned heads, Semler Scientific bought 4,264 Bitcoins worth nearly $463 million. With a market cap of just over $500 million, almost 90% of the company's value is now tied to Bitcoin. It's one of the boldest moves among small-cap companies &#8211; and it could pay off handsomely if Bitcoin keeps rising.
While miners like MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) have long held Bitcoin as part of their operations, it&#8217;s the companies that bought Bitcoin early and cheaply that are seeing the biggest windfalls. Whether they're tech giants, medical firms, or meme stocks, these Bitcoin believers are proving that timing really is everything.
As corporate treasuries evolve, don't be surprised if more firms follow suit. With returns like these, sitting on Bitcoin might just be the best investment decision they've ever made.
Read Next: 
<ul class="wp-block-list">
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Photo: Shutterstock

Long Ideas

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Next Technology Holding Inc. - Ordinary Shares

NXTT

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Collaboration to focus on enabling flexible power demand and fulfillment for data centers with MARA power solution and PADO's Energy Orchestration platform
SANTA CLARA, Calif. and FORT LAUDERDALE, Fla., May 28, 2025 /PRNewswire/ -- Global innovator&nbsp;LG Electronics has announced a collaboration between its newest LG NOVA-backed venture, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4437069-1&amp;h=181105454&amp;u=http%3A%2F%2Fwww.pado.co%2F&amp;a=PADO+AI+Orchestration%2C+Inc.">PADO AI Orchestration, Inc.</a>&nbsp;(PADO), designed to revolutionize energy management for data centers and MARA, a global leader in energy technology. In this collaboration, PADO and MARA will work together to develop power load balancing as a service to enable power demand flexibility to meet the increasing workloads driven by AI and technology growth.&nbsp;
PADO's platform is designed to use artificial intelligence (AI) and machine learning (ML) to orchestrate power, grid services and distributed energy resources (DERs) to enable businesses to anticipate power demand better and enhance energy resources to meet fluctuating needs. MARA, through its growing data center infrastructure and technology platform, can provide third-party data centers with flexible power supply and on-demand computing capabilities.
Together, they aim to offer a transformative solution for power load balancing to make it more feasible to bring new data centers online and help improve the operational efficiency and power consumption of existing data centers. This collaboration focuses on addressing the critical need to optimize power delivery and load management for hyperscale data centers, maximize the value of businesses' energy investments, and solve the significant computing power challenges and energy demand presented by AI-driven data centers.

LG-Backed PADO AI Orchestration And MARA Partner To Deliver AI-Powered Load Balancing-As-A-Service For Data Centers

Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $20.55, a high estimate of $30.00, and a low estimate of $9.50. A decline of 18.16% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2025/1748376072_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive MARA Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Brendler</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$20.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Joe Flynn</td>
<td>Compass Point</td>
<td>Lowers</td>
<td>Sell</td>
<td>$9.50</td>
<td>$25.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$23.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Kevin Dede</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$28.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Reginald Smith</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Chris Brendler</td>
<td>Rosenblatt</td>
<td>Announces</td>
<td>Buy</td>
<td>$19.00</td>
<td>-</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$30.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Kevin Dede</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$28.00</td>
<td>$28.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to MARA Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MARA Holdings compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of MARA Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of MARA Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MARA/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on MARA Holdings analyst ratings.</a>
<h2>All You Need to Know About MARA Holdings</h2>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.
<h3>Financial Milestones: MARA Holdings's Journey</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: MARA Holdings's revenue growth over a period of 3M has been noteworthy. As of 31 March, 2025, the company achieved a revenue growth rate of approximately 29.47%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: MARA Holdings's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -249.29%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): MARA Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -13.58%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): MARA Holdings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -8.05%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.71, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What Analysts Are Saying About MARA Holdings Stock

Shares of MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) surged approximately 10% Tuesday afternoon to $16.20 following a bullish analyst update and ongoing enthusiasm around Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What To Know: Rosenblatt Securities <a href="https://www.benzinga.com/quote/MARA/analyst-ratings">maintained</a> its Buy rating on MARA Holdings and raised its price target from $17 to $20, citing favorable market dynamics and the company's strong positioning within the crypto mining sector.
MARA Holdings is one of the largest publicly traded Bitcoin miners in North America. The company operates data centers powered by renewable energy to mine Bitcoin, offering investors exposure to the digital asset without directly holding it.
Read Also: <a href="https://www.benzinga.com/news/25/05/45620309/navitas-semiconductor-soars-146-on-nvidia-partnership-for-ai-power-systems">Navitas Semiconductor Soars 146% On NVIDIA Partnership For AI Power Systems</a>
The stock's rally comes as Bitcoin-related sentiment intensifies. Trump Media &amp; Technology Group, the parent company of Truth Social, <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45620103/whats-going-on-with-trump-media-stock-tuesday-2">announced plans</a> to raise $2.5 billion to build a Bitcoin treasury on Tuesday. The firm, co-founded by President Donald Trump, said it secured commitments from about 50 institutional investors for a mix of equity and convertible debt.
While Trump Media shares dropped around 10% on the news, the announcement highlights growing corporate interest in Bitcoin, which was trading near record highs above $110,000 at last check. The crypto enthusiasm is boosting sentiment for companies like MARA Holdings that are deeply tied to the Bitcoin ecosystem. MARA Holdings shares were up 9.91% at $16.20 at publication time. 
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616366/nvidias-q1-earnings-loom-while-amds-edge-ai-bet-could-change-the-narrative">Nvidia&#8217;s Q1 Earnings Loom, While AMD&#8217;s Edge AI Bet Could Change The Narrative</a>
<h2 class="wp-block-heading">How To Buy MARA Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in MARA Holdings&#8217; case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Photo: Shutterstock

MARA Holdings Stock Soars: What's Driving the Bitcoin Miner's Gains?

ABTS

BBAI

BTCS

COHR

COMM

Core Scientific, Inc. - Class A Common Stock

CORZ

CRSR

CRWD

CSAI

DGLY

DOMO

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

INTU

MASS

MNDY

ORCL

PCLA

REKR

SAIH

SHOP

SMCI

SNOW

TDTH

TUYA

VUZI

ZBRA

Shares of companies within the broader tech sector are trading higher, possibly amid overall market strength after President Trump delayed 50% EU tariffs to July. Additionally, the sector may be up in anticipation of NVIDIA's upcoming Q1 report.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$200.00</td>
<td>$25.7K</td>
<td>8.0K</td>
<td>47.0K</td>
</tr>
<tr>
<td>NVTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.00</td>
<td>$30.2K</td>
<td>9.7K</td>
<td>18.1K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$135.00</td>
<td>$81.0K</td>
<td>18.1K</td>
<td>8.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$465.00</td>
<td>$34.8K</td>
<td>8.5K</td>
<td>5.2K</td>
</tr>
<tr>
<td>QBTS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$18.50</td>
<td>$60.0K</td>
<td>1.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/30/25</td>
<td>$40.00</td>
<td>$320.0K</td>
<td>2.9K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$17.00</td>
<td>$35.8K</td>
<td>2.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>PONY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$57.7K</td>
<td>5.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$100.00</td>
<td>$91.9K</td>
<td>315</td>
<td>1.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$450.00</td>
<td>$32.1K</td>
<td>3.5K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on May 30, 2025. This event was a transfer of 100 contract(s) at a $200.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $257.0 per contract. There were 8086 open contracts at this strike prior to today, and today 47077 contract(s) were bought and sold. 
• Regarding NVTS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>), we observe a call option trade with bearish sentiment. It expires in 24 day(s) on June 20, 2025. Parties traded 250 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $121.0 per contract. There were 9740 open contracts at this strike prior to today, and today 18192 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on June 6, 2025. This event was a transfer of 135 contract(s) at a $135.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $81.0K, with a price of $600.0 per contract. There were 18196 open contracts at this strike prior to today, and today 8711 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on May 30, 2025. This event was a transfer of 272 contract(s) at a $465.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $128.0 per contract. There were 8565 open contracts at this strike prior to today, and today 5213 contract(s) were bought and sold. 
• For QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on May 30, 2025. This event was a transfer of 300 contract(s) at a $18.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $200.0 per contract. There were 1853 open contracts at this strike prior to today, and today 1817 contract(s) were bought and sold. 
• Regarding IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we observe a call option sweep with neutral sentiment. It expires in 3 day(s) on May 30, 2025. Parties traded 500 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $320.0K, with a price of $640.0 per contract. There were 2925 open contracts at this strike prior to today, and today 1772 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bullish sentiment. It expires in 52 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $17.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $179.0 per contract. There were 2817 open contracts at this strike prior to today, and today 1689 contract(s) were bought and sold. 
• Regarding PONY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>), we observe a call option trade with neutral sentiment. It expires in 24 day(s) on June 20, 2025. Parties traded 199 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $57.7K, with a price of $290.0 per contract. There were 5029 open contracts at this strike prior to today, and today 1321 contract(s) were bought and sold. 
• For CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we notice a put option trade that happens to be bearish, expiring in 10 day(s) on June 6, 2025. This event was a transfer of 200 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $91.9K, with a price of $460.0 per contract. There were 315 open contracts at this strike prior to today, and today 1274 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 24 day(s) on June 20, 2025. Parties traded 55 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $585.0 per contract. There were 3536 open contracts at this strike prior to today, and today 1257 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CRWV

IONQ

NVTS

PONY

QBTS

Rosenblatt analyst Chris Brendler maintains MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) with a Buy and raises the price target from $17 to $20.

Price Target

Rosenblatt Maintains Buy on MARA Holdings, Raises Price Target to $20

MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) CEO Fred Thiel stated about a month ago that countries were loading up on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to offset the impact of a weaker dollar. But has this been the case?
What happened: During an interview with entrepreneur and investor Anthony Pompliano dated April 29, Thiel stressed the strategic importance of the U.S. front-running other countries in creating a strategic reserve of Bitcoin.
Thiel argued that the U.S. government intends to &#8220;inflate away the debt&#8221; by devaluing the dollar.
"The bulk of foreign countries' reserves are in dollars. If the U.S. is going to take the dollar and devalue it, the last place they want to be is holding a bunch of dollars that are getting worth less every day," he said.&nbsp;
He added that countries have recognized this, and even those who were previously skeptical have started loading up on Bitcoin.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Largest Bitcoin Miner Reveals His Bull Market Thoughts" width="500" height="281" src="https://www.youtube.com/embed/2JO-uLqTNiI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>
While it's true that countries have ramped up efforts to make their jurisdiction <a href="https://www.benzinga.com/25/05/45603775/bitcoin-mining-in-pakistan-south-asian-nation-leverages-surplus-energy-to-mint-new-btc-ai-data-centers">Bitcoin-friendly</a>, the claim about BTC purchases is debatable.
Around 12 nations were confirmed to hold Bitcoin as of this writing, <a href="https://bitcointreasuries.net/">according </a>to bitcointreasuries.net. However, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45497657/bitcoin-back-to-103k-as-el-salvador-shuns-imf-deal-australia-forfeits-btc-proceeds">El Salvador</a> stands out as the only country to make direct Bitcoin purchases. The Central American nation <a href="https://bitcoin.gob.sv/">bought</a> 31 BTC over the last month, aligning with its policy of acquiring 1 BTC per day.
Bhutan relied on<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44856786/bhutan-flexes-hydropower-for-bitcoin-mining-explores-sale-of-green-coins"> state-funded mining operations</a> to accumulate Bitcoin. Interestingly, the Himalayan nation reduced its BTC holdings over the last month, <a href="https://intel.arkm.com/explorer/entity/druk-holding-investments">according </a>to blockchain analytics firm Arkham.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,698.08, down 0.31% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Shares of MARA were up 3.05% in pre-market trading after closing 5.88% lower at $14.73 during Friday&#8217;s regular session. Year-to-date, the stock has plunged 12.11%.
MARA reported low momentum and growth scores as of this writing. To find out how other Bitcoin-mining firms stack up on these parameters, visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="500" height="192" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27041135/Screenshot-2025-05-27-134117.png" alt="" class="wp-image-927928" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27041135/Screenshot-2025-05-27-134117.png 500w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27041135/Screenshot-2025-05-27-134117-300x115.png 300w" sizes="(max-width: 500px) 100vw, 500px" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45557864/jamie-dimon-is-no-fan-of-bitcoin-but-trumps-crypto-czar-made-an-attempt-to-change-the-jpmorgan-ceos-mind-using-this-narrative">Jamie Dimon Is No Fan Of Bitcoin, But Trump&#8217;s Crypto Czar Made An Attempt To Change the JPMorgan CEO&#8217;s Mind Using This Narrative</a></li>
</ul>
Photo: Egaranugrah On Shutterstock

MARA CEO Fred Thiel Said About A Month Ago That Nations Have Begun To Stockpile Bitcoin — Here's What The Data Actually Shows

MARA Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NYSE">MARA</a>) short percent of float has fallen 4.91% since its last report. The company recently reported that it has 91.36 million shares sold short, which is 34.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>MARA Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748286025_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MARA Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing MARA Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, MARA Holdings's peer group average for short interest as a percentage of float is 8.91%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What's Driving the Market Sentiment Around MARA Holdings?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$130.00</td>
<td>$137.4K</td>
<td>27.8K</td>
<td>84.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$410.00</td>
<td>$73.8K</td>
<td>2.7K</td>
<td>63.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$195.00</td>
<td>$64.9K</td>
<td>6.9K</td>
<td>31.7K</td>
</tr>
<tr>
<td>INFA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$31.1K</td>
<td>347</td>
<td>12.6K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$15.00</td>
<td>$52.4K</td>
<td>49.3K</td>
<td>6.3K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$100.00</td>
<td>$29.7K</td>
<td>3.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$185.00</td>
<td>$77.6K</td>
<td>57</td>
<td>850</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$40.00</td>
<td>$45.4K</td>
<td>1.8K</td>
<td>527</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$52.50</td>
<td>$43.6K</td>
<td>211</td>
<td>341</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$450.00</td>
<td>$30.8K</td>
<td>2.2K</td>
<td>248</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on May 23, 2025. Parties traded 896 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $137.4K, with a price of $153.0 per contract. There were 27863 open contracts at this strike prior to today, and today 84792 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on May 30, 2025. This event was a transfer of 242 contract(s) at a $410.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $73.8K, with a price of $305.0 per contract. There were 2797 open contracts at this strike prior to today, and today 63369 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option trade with bearish sentiment. It expires in 4 day(s) on May 30, 2025. Parties traded 194 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $64.9K, with a price of $335.0 per contract. There were 6941 open contracts at this strike prior to today, and today 31744 contract(s) were bought and sold. 
• For INFA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>), we notice a call option trade that happens to be bearish, expiring in 25 day(s) on June 20, 2025. This event was a transfer of 75 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $31.1K, with a price of $415.0 per contract. There were 347 open contracts at this strike prior to today, and today 12613 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be neutral, expiring in 25 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.4K, with a price of $131.0 per contract. There were 49366 open contracts at this strike prior to today, and today 6305 contract(s) were bought and sold. 
• Regarding CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on May 30, 2025. Parties traded 35 contract(s) at a $100.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $854.0 per contract. There were 3936 open contracts at this strike prior to today, and today 2571 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a put option sweep that happens to be bearish, expiring in 207 day(s) on December 19, 2025. This event was a transfer of 42 contract(s) at a $185.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $77.6K, with a price of $1845.0 per contract. There were 57 open contracts at this strike prior to today, and today 850 contract(s) were bought and sold. 
• For ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a call option sweep that happens to be bearish, expiring in 53 day(s) on July 18, 2025. This event was a transfer of 101 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.4K, with a price of $450.0 per contract. There were 1815 open contracts at this strike prior to today, and today 527 contract(s) were bought and sold. 
• For WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we notice a call option sweep that happens to be neutral, expiring in 207 day(s) on December 19, 2025. This event was a transfer of 74 contract(s) at a $52.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.6K, with a price of $590.0 per contract. There were 211 open contracts at this strike prior to today, and today 341 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a put option sweep with bullish sentiment. It expires in 235 day(s) on January 16, 2026. Parties traded 10 contract(s) at a $450.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $3080.0 per contract. There were 2228 open contracts at this strike prior to today, and today 248 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ENPH

INFA

10 Information Technology Stocks Whale Activity In Today's Session

APLD

ARBK

BITF

BTBT

BTDR

CIFR

CNCK

FUFU

HIVE

IREN

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

WULF

Shares of crypto-related companies are trading lower amid a drop in the price of Bitcoin.

Bitcoin&nbsp;(CRYPTO:&nbsp;<a href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks&nbsp;MARA Holdings&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>),&nbsp;Riot Platforms&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)&nbsp;and CleanSpark&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) are trading higher Thursday as bitcoin climbs to <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45561695/bitcoin-shatters-110000-xrp-dogecoin-ethereum-surge-bulls-emerge-victorious-trader-concludes">new all-time highs</a>.
What To Know: Bitcoin surged to new all-time highs on Wednesday and continued to move higher Thursday morning, last up about 4.25% over a 24-hour period, hovering around $111,235, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Bitcoin has seen strong momentum in May as inflows into ETFs tracking bitcoin continue to rise. According to on-chain market analysis firm&nbsp;Santiment, there has been a <a href="https://www.benzinga.com/25/05/45534460/bitcoin-taps-107000-again-ethereum-dogecoin-flat-analyst-predicts-next-bullish-breakout-will-power-btc-above-ath">net inflow</a> of $6.63 billion across bitcoin ETFs over the past five weeks. 
Bitcoin may be benefiting from a combination of factors, including a recent surge in risk assets as broader markets bounce back from lows reached in April. Traders on Wednesday also appeared to react to a new budget bill that could worsen the U.S. deficit, which may be helping boost alternative assets like bitcoin.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45561695/bitcoin-shatters-110000-xrp-dogecoin-ethereum-surge-bulls-emerge-victorious-trader-concludes">Bitcoin Shatters $110,000, XRP, Dogecoin, Ethereum Surge: &#8216;Bulls Emerge Victorious,&#8217; Trader Concludes</a>
Coinbase was officially added to the S&amp;P 500 this month, which some have called a watershed moment for the crypto industry. Coinbase&#8217;s CEO suggested that the addition shows &#8220;crypto is here to stay&#8221; and reflects increasing mainstream adoption. Several public companies have adopted bitcoin treasury strategies and the amount of bitcoin held by public companies has grown 31% since the start of the year, according to <a href="https://www.cnbc.com/2025/05/21/crypto-market-today.html">CNBC</a>. 
Some of the most popular bitcoin mining companies reported financial results this month, showing gains in bitcoin production.
MARA Holdings said earlier this month that its bitcoin holdings were up 174% on a year-over-year basis. Riot said it produced 1,530 bitcoin in the first quarter, up from 1,364 in the first quarter of 2024. CleanSpark <a href="https://www.benzinga.com/news/earnings/25/05/45304522/bitcoin-miner-cleanspark-misses-q1-earnings-estimates-company-on-track-to-reach-50-eh-s-target-in-june-shares-slide">said it mined </a>1,957 bitcoin in the first quarter and ended the period with $979.6 million in total bitcoin holdings.
Bitcoin miners stand to benefit from a rise in the price of bitcoin as mining becomes more profitable with price increases. Historically, bitcoin mining stocks have shown a strong correlation to the underlying price of bitcoin.
MARA, RIOT, CLSK Price Action: At publication time, MARA Holdings was up 5.0% at $16.64, Riot was up 3.51% at $9.15 and CleanSpark was up 6.53% at $10.77, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45560658/if-you-invested-1000-in-bitcoin-when-dave-ramsey-called-fans-of-the-crypto-stupid-heres-how-much-youd-have-today">If You Invested $1,000 In Bitcoin When Dave Ramsey Called Fans Of The Crypto &#8216;Stupid,&#8217; Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
Photo: creativeneko/Shutterstock.

Comments

MARA Holdings

Unusual Options Activity for

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:14 AMMar 27, 2025	PUT	$14.00	Apr 17, 2025	-52	6819	6800	61	11128	TRADE	BULLISH
10:31 AMMar 25, 2025	PUT	$14.00	Apr 17, 2025	-52	6219	6000	38	16508	TRADE	BEARISH