Bitcoin Mining Firm MARA Aims For Nasdaq 100 Inclusion

According to PANews, Bitcoin mining company MARA is striving to join the Nasdaq 100 index, aiming to become one of the largest 100 companies by market capitalization on the Nasdaq. However, analysts suggest there is still a significant gap between MARA and MicroStrategy, a company already in the index. Financecharts data reveals that as of the week ending December 13, MicroStrategy's market capitalization reached $94.77 billion, while MARA's stood at $7.32 billion, indicating that MicroStrategy's market value is approximately 12.9 times that of MARA. Additionally, Yahoo Finance reports that MARA's closing trading price this week was $22.73, marking a 16.74% increase over the past six months. In contrast, MicroStrategy's closing price was $408.67, with a remarkable 173.27% rise during the same period. Industry experts have previously cautioned companies emulating MicroStrategy's Bitcoin strategy to proceed with caution. New entrants face higher Bitcoin prices compared to when MicroStrategy initially made its purchases. If Bitcoin prices were to suddenly drop, companies using leverage to buy Bitcoin could encounter greater risks. While cryptocurrency prices may decline, debt obligations remain unchanged.