On September 22, MARA Holdings rose 5.03% in regular trading, reversing pre-market weakness to trade at $13.93/share, with turnover of $131 million. The rebound came as Bitcoin maintained strength near multi-month highs, with broader crypto sentiment buoying mining stocks.

On the news front, Morgan Stanley raised its price target on MARA Holdings to $11 from $6 on September 21, while maintaining an underweight rating. The revision came as Bitcoin surged past $84,000, reaching its highest level in nearly eight months. The crypto rally was further supported by the SEC's recent move to allow tokenized stocks, which triggered a broad risk-on sentiment across crypto-related equities on September 19, when MARA surged nearly 13.8%.

Fundamentally, MARA reported a Q2 loss of $1.60 per share, significantly missing the consensus estimate of $0.26, while revenue of $174.9 million fell short of the $209.4 million expected. The company holds approximately 36,303 BTC and is expanding its infrastructure footprint through a potential $600 million acquisition of a 2,000 MW Texas data center project announced in July.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)