MARA Holdings, a leading cryptocurrency mining company, saw its stock surge 5.01% in Friday's pre-market trading session, riding the wave of a broader crypto rally sparked by positive regulatory developments.
The surge came after President Donald Trump signed an executive order on Thursday, establishing a working group to advise the White House on digital asset policy and explore the creation of a national cryptocurrency stockpile. This move, alongside the SEC's decision to rescind a controversial accounting guidance that had stifled crypto adoption, fueled optimism in the crypto industry and ignited a Bitcoin price rally to around $105,000.
MARA Holdings, as a prominent player in the crypto mining space, benefited from the bullish sentiments surrounding the industry. Options trading activity also spiked, with a significant increase in call option volume for MARA and other crypto-related stocks like Riot Platforms and MicroStrategy, signaling heightened investor interest and positive expectations for the sector.