Bitcoin price today: hovers around $115k amid rate cut bets, but caution remains
Director Douglas K. Mellinger of MARA Holdings, Inc. (NASDAQ:MARA), a $5.8 billion market cap company, sold 1,000 shares of common stock on September 10, 2025, at a price of $16.10, for a total transaction value of $16,100. According to InvestingPro data, the stock currently trades at $15.71, with analyst targets ranging from $18 to $28.
Following the transaction, Mellinger directly owns 172,859 shares of MARA Holdings, Inc. The sale was executed under a Rule 10b5-1 trading plan adopted on March 6, 2025. InvestingPro analysis shows the company trades at a P/E ratio of 7.7x and has demonstrated strong profitability, with 12 additional exclusive insights available to subscribers.
In other recent news, MARA Holdings, Inc. reported mining 208 bitcoin blocks in August, maintaining its production levels despite a 6% increase in global hashrate. The company increased its bitcoin holdings to 52,477 BTC, producing 705 bitcoin throughout the month. Additionally, MARA Holdings announced plans to acquire a 64% stake in Exaion, a subsidiary of French energy producer EDF, for approximately $168 million. This acquisition includes an option to increase ownership to 75% by 2027 with an additional investment of $127 million, contingent on certain milestones.
In personnel developments, MARA appointed Gérard Mestrallet as a senior advisor and François Garcin as general manager of Europe, establishing its European headquarters in Paris. Mestrallet brings extensive experience, having served as Chairman and CEO of ENGIE and holding advisory roles with notable firms. Meanwhile, bitcoin-linked stocks, including MARA Holdings, experienced a decline as cryptocurrency prices retreated from recent highs. This downturn followed comments from Federal Reserve Chair Jerome Powell that influenced market sentiment.
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