MARA Holdings' stock soared 10.06% intraday on Friday, marking a significant upward movement for the cryptocurrency mining company.

The sharp rise is directly attributed to a rebound in Bitcoin prices, which fueled gains across cryptocurrency-related stocks. Bitcoin, the world's largest cryptocurrency, was up 5.1% at $66,355.01, recovering from recent steep losses and improving risk sentiment for crypto-adjacent plays.

The bounce in digital assets led to a broad recovery in the sector, with cryptocurrency miners and blockchain-related firms mounting a pre-market and intraday rally after suffering substantial declines earlier in the week.