What's Going On With Bitcoin Mining Stock MARA Holdings Wednesday?

MARA Holdings, Inc. (NASDAQ:MARA) shares are moving higher Wednesday after Bitcoin (CRYPTO: BTC) prices climbed to the highest levels since July.

Bitcoin ETFs saw a significant surge in inflows on Monday. Single-day net inflows of $555.8 million to start the week marked the highest activity since July. Bitcoin prices also reflect their highest levels since July as of Wednesday.

After the market close on Tuesday, MARA announced that it secured access to a $200 million line of credit, with part of its Bitcoin holdings serving as collateral. The company plans to use the line of credit to take advantage of strategic opportunities, as well as for general corporate purposes.

MARA had combined unrestricted cash, cash equivalents and Bitcoin holdings of $1.4 billion as of Aug. 1.

Related Link: Elon Musk’s Tesla Waving Goodbye To Bitcoin? $760M Sent To Unknown Wallets

How To Buy MARA Stock

By now you're likely curious about how to participate in the market for MARA Holdings – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share.

In the case of MARA Holdings, which is trading at $17.65 as of publishing time, $100 would buy you 5.66 shares of stock.

MARA Price Action: At the time of publication, MARA Holdings shares were up 3.25% at $17.47 according to data from Benzinga Pro.

Image: Photo via Shutterstock

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