Core Viewpoint - The current price of Bitcoin is $94,632, and there is speculation about its potential to reach $150,000 by the end of the year, despite recent volatility in the crypto market [1][2]. Price Movements and Historical Context - Over the past five years, Bitcoin has experienced significant drawdowns but has averaged a 50% annual increase, with notable price movements from $55,000 to $94,000 over 14 months [3][4]. - The price surged from $68,000 to $106,000 in just five weeks following the Trump election [3]. Investment Strategy and Market Outlook - The company believes that Bitcoin will outperform gold and the S&P 500, positioning it as a form of digital capital [6]. - A strong support base has been established around the current price level, and the company anticipates a rally from this point [5][6]. - The company maintains a low leverage ratio of 1.15% and is well-collateralized, indicating a stable balance sheet even in the event of significant price drops [7][8]. Long-term Investment Perspective - The company advocates for a long-term investment horizon of at least four years for Bitcoin investors, emphasizing the importance of being prepared for market volatility [4][15]. - The company has been actively purchasing Bitcoin, owning nearly 3.1% of the network at an average price of $74,000 per coin [14][13]. Digital Assets Economy - The digital assets economy is expanding, with Bitcoin being viewed as digital gold and a key component of digital capital [11]. - The emergence of stable coins and digital finance is seen as complementary rather than competitive to Bitcoin, which remains a preferred asset for long-term investors [10][12]. Investment Recommendations - For investors with a time horizon of four years or longer, Bitcoin is recommended as a primary investment, while those looking for shorter-term gains should consider digital credit instruments that mitigate volatility [15][16].

Group 1 - MARA Holdings, Inc. will hold a webcast and conference call on November 4, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the quarter ended September 30, 2025 [1][4] - Financial results will be published in a shareholder letter prior to the call, available on the investor relations section of the Company's website [1] - Verified retail and institutional shareholders can submit and upvote questions ahead of the earnings call, with the Q&A platform opening on October 22 and closing on October 29 [3] Group 2 - MARA is a leading digital energy and infrastructure company that deploys digital energy technologies to advance global energy systems [5] - The Company transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure [5] - MARA develops technologies aimed at reducing the energy demands of high-performance computing applications, including AI [5]

Financial Performance - Revenues increased 64% YoY to $238 million [1] - Net income increased 505% YoY to $808.2 million [1] - Bitcoin holdings increased 170% YoY to 49,951 from 18,488 at the end of Q2 2024 [1] Company Overview - MARA Holdings, Inc. (NASDAQ: MARA) is a leading digital energy and infrastructure company [1][4] - The company deploys digital energy technologies to advance the world's energy systems [4] - MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure [4]

Core Viewpoint - MARA Holdings, Inc. will hold a webcast and conference call on July 29, 2025, to discuss its financial results for the quarter ended June 30, 2025 [1] Group 1: Earnings Call Details - The earnings call is scheduled for July 29, 2025, at 5:00 p.m. Eastern time [4] - Financial results will be published in a shareholder letter prior to the call on the investor relations section of the Company's website [1] - Verified retail and institutional shareholders can submit and upvote questions ahead of the earnings call, with the Q&A platform opening on July 21 and closing on July 28 [3] Group 2: Company Overview - MARA Holdings, Inc. is a leading digital energy and infrastructure company that deploys digital energy technologies to advance global energy systems [5] - The company transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure [5] - MARA develops technologies aimed at reducing the energy demands of high-performance computing applications, including AI [5]