MARA’s ‘Discount’ Is a Myth Once Debt Is Included, VanEck’s Sigel Warns

Dec 5, 2025 - 17:00
MARA’s ‘Discount’ Is a Myth Once Debt Is Included, VanEck’s Sigel Warns
The two largest publicly traded companies holding bitcoin, Strategy (MSTR) and MARA Holdings (MARA), have each fallen roughly 40% over the past six weeks. CoinDesk Research has extensively covered the MSTR correction, but MARA, which is down 55% year over year, is also attracting attention as some investors view it as inexpensive at current levels....

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