MARA Stock Rises on Bitcoin Holdings and Long Ridge Deal

MARA Holdings, Inc.'s stock performance has been on the rise, closing at $14.54 on Friday, up roughly 4.5% from the previous day.

The company's bitcoin holdings are a significant aspect of its market value, with approximately 35,303 BTC worth around $2.10 billion at Sunday's price of $59,399 per BTC.

This represents about 38% of MARA's equity as of Friday, down from the March 31 fair-value calculation of $2.41 billion.

The company's deal with Long Ridge Energy & Power is another key factor in its stock performance. According to a June 25 filing, Long Ridge posted first-quarter revenue of $62.0 million and adjusted EBITDA of $25.4 million.