MIAMI, August 23, 2026, 10:02 EDT
MARA Stock Lags Behind Bitcoin’s 24% Rally Even as Treasury Adds $705 Million
MARA Holdings, Inc. NASDAQ:MARA gained 22.4% over the past week, but still lagged behind bitcoin, which climbed 24.4%. This divergence is rare for the miner, which is frequently seen as a leveraged play on cryptocurrency. As a result,…
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Aug 23, 2026 at 2:18 PM UTC · 3 分で読める

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17分前
- MARA rose 22.4% over the past week, compared with a 24.4% increase for bitcoin.
- The value of MARA’s 35,577 bitcoin treasury increased by roughly $705 million from June 30, following bitcoin’s close on Friday.
- Analyst price targets vary widely from $6 to $30, highlighting significant differences in opinion regarding the value of bitcoin and AI infrastructure.
MARA Holdings, Inc. NASDAQ:MARA gained 22.4% over the past week, but still lagged behind bitcoin, which climbed 24.4%. This divergence is rare for the miner, which is frequently seen as a leveraged play on cryptocurrency. As a result, MARA’s capital structure, as well as bitcoin, becomes the main focus in Monday’s session.
The stock finished Friday at $11.26, rising 0.99% for the session. Bitcoin advanced 7.3% to reach $78,335.18. MARA consequently took limited advantage of the latest Friday crypto upswing, following a 15.5% jump on Thursday.
| Weekly tape | August 14 close | August 21 close | Change |
|---|---|---|---|
| MARA stock | $9.20 | $11.26 | +22.4% |
| Bitcoin | $62,975.59 | $78,335.18 | +24.4% |
| S&P 500 | — | 7,674.37 | -1.43% |
| Nasdaq Composite | — | 26,180.45 | -2.05% |
Volume was strong, with roughly 98.9 million MARA shares traded on Friday, exceeding double the stock’s three-month average. The broader cryptocurrency shift came after Treasury bond buyback actions and mounting calls for US digital-asset regulation.
FxPro chief market analyst Alex Kuptsikevich attributed the surge to “a wave of short-covering.” This accounts for the rapid pace, though it leaves the discussion on MARA’s valuation unresolved.
Market Context
Bitcoin
BTC
$77,426
+0.58% (24H)
Market Cap
$1.55T
24H Volume
$24.1B
24H High
$77,787
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