MARA Holdings (MARA) Falls to 52-Week Low on Weak Crypto Support

We recently published 10 Big Names, Bigger Losses. MARA Holdings Inc. (NASDAQ:MARA) was one of the worst performers on Thursday.

MARA Holdings fell for a 7^th day on Thursday to touch a new 52-week low, mirroring the drop of its peers and Bitcoin prices following the Treasury Department’s comments that it does not have the authority to support Bitcoin and other cryptocurrency assets.

During the session, MARA Holdings Inc. (NASDAQ:MARA) dropped to as low as $6.66 before trimming gains to end the day just down by 18.72 percent at $6.73 apiece, tracking the decline in other Bitcoin players, namely Strategy, CleanSpark, Hut 8 Corp., Galaxy Digital, and Riot Platforms, among others.

In a House inquiry, Treasury Secretary Scott Bessent said that the department does not have the authority to bail out Bitcoin and other cryptocurrency assets, adding that as chairman of the Financial Stability Oversight Council, “I do not have that authority.”

Bitcoin fell by 50 percent to the $62,000 level from its highest price of $126,000 following the news.

Meanwhile, MARA Holdings Inc. (NASDAQ:MARA) is expected to release the results of its earnings performance on February 25, 2026.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.