MARA Holdings (MARA) Bitcoin Correlation

Name: MARA Holdings (MARA) correlation to Bitcoin
Creator: Trade The Cycle

MARA Holdings (MARA) closed at $11 with a correlation to bitcoin of 0.40, which is weak positive correlation. That figure is measured on 90 days of daily returns as of Aug 26, 2026, and it moves as the window rolls forward.

MARA Holdings mines bitcoin and holds most of what it mines, so its revenue moves with the bitcoin price and its network hashrate share at the same time.

Correlation measures whether two prices moved together, not whether one caused the other and not by how much. A company can hold bitcoin and still track it loosely, and a company that holds none can track it closely because both respond to the same conditions.