MARA Surges 15.69% on $1.87B Volume, Climbs to 42nd in Market Activity as Bitcoin Output and European Expansion Drive Momentum

MARA Holdings (MARA) surged 15.69% on Sept. 29, 2025, with a trading volume of $1.87 billion, a 124.1% increase from the prior day, ranking it 42nd in market activity. The rally coincided with the company’s announcement of August Bitcoin production updates and strategic leadership appointments in Europe. The stock’s intraday high of $18.645 marked a significant rebound from a $16.38 low, reflecting renewed investor confidence in its operational and geographic expansion plans.

The move was driven by MARA’s focus on power orchestration and renewable energy integration, positioning it as a key player in the crypto-mining sector. Recent developments include a strategic pivot to AI-driven energy optimization and the establishment of regional hubs to leverage underutilized energy resources. These actions align with broader market trends as crypto miners seek cost-effective solutions amid rising hashrate challenges.

Technical indicators suggest a bullish reversal pattern, with MARA’s price near the upper Bollinger Band at $18.76 and above its 200-day moving average. Options activity highlights the MARA20251003C18 call option as a leveraged play on a potential breakout, given its high gamma sensitivity and liquidity. Aggressive investors may also target the $19.50 level, though caution is advised as momentum typically fades after two weeks.

Backtesting of MARA’s historical performance from 2022 to 2025 revealed 26 instances of 15%+ daily gains. While these surges occasionally generated excess returns, the average 30-day outperformance against benchmarks peaked at +10% on day 15 without reaching statistical significance. The strategy’s win rate remained around 50%, with profitability declining sharply after two weeks. This suggests that short-term trading strategies may yield mixed results despite strong intraday momentum.