MARA Holdings (MARA) Soars 7.9% as Crypto Stakeholders Work on 1-Million Bitcoin Purchase

We recently published 10 Hot Stocks Investors Are Buying, 5 Break Fresh Records. MARA Holdings Inc. (NASDAQ:MARA) is one of the best performers on Tuesday.

Shares of MARA Holdings grew by 7.94 percent on Tuesday to finish at $17.53 apiece as investors loaded portfolios ahead of expected developments from a Bitcoin roundtable discussion.

Hosted by Sen. Cynthia Lummis and Rep. Nick Begich, and was attended by MARA Holdings Inc. (NASDAQ:MARA) CEO Fred Thiel, alongside key executives from the crypto industry such as Strategy Inc. Chairman Michael Saylor and BitMine Chairman Tom Lee, among others, the roundtable aims to come up with a strategy on how the US could work on acquiring 1 million Bitcoins for its reserves over the next five years.

MARA Holdings (MARA) Soars 7.9% as Crypto Stakeholders Work on 1-Million Bitcoin Purchase

Lummis introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act (Bitcoin Act) in March, which builds on President Donald Trump’s executive order to establish national crypto holdings.

As of writing, the price of Bitcoin was up by 1.27 percent at $116,886.20 apiece.

Earlier this month, MARA Holdings Inc. (NASDAQ:MARA) said that it was able to produce 705 Bitcoins last month, higher by 2 units from 703 in July. It also operated at a hash rate of 59.4 EH/s versus the 58.9 EH/s previously.

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Disclosure: None. This article is originally published at Insider Monkey.