MARA Holdings stock surges 15 percent on Trump crypto push

Photo: The White House / Wikimedia Commons (Public domain)

MARA Holdings Inc., the Bitcoin mining and energy infrastructure company formerly known as Marathon Digital Holdings, surged 15.5 percent on Thursday, closing at $11.15 on the Nasdaq. The jump came after President Donald Trump renewed his push for Congress to advance the Clarity Act, a proposed federal law that would create a regulatory framework for cryptocurrencies.

The stock opened at $10.22 after a previous close of $9.65 and traded in a range of $9.96 to $11.19 on volume of nearly 80 million shares, almost double its average daily volume of roughly 45 million. Bitcoin itself clawed back to the $72,000 range and pushed past $73,000 in after-hours trading following Trump’s comments.

What the Clarity Act would actually do

The Clarity Act would divide cryptocurrency oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Its passage is expected to bolster crypto adoption in the United States and benefit mining and treasury firms that hold large digital-asset positions.

MARA, which holds 35,577 Bitcoins as of the first half of the year, would stand to gain directly from a clearer regulatory environment. Yahoo Finance reported that the bill remains stalled in the Senate amid political disagreements and opposition from the banking industry. A procedural vote is expected on September 15, making that date a potential catalyst for crypto-related stocks.