MARA Trades at a Premium Factoring in Its Debt, Not a Discount: VanEck’s Sigel Last updated: December 5, 2025 3:53 pm 3 months ago Share SHARE VanEck’s Matthew Sigel argues MARA’s valuation looks expensive when adjusted for its leverage and capital structure. You Might Also Like How Kraken is quietly becoming the most bankable name in crypto Ethereum is testing Wall Street resolve as fund flows flip while a $1,800 retest looms Strategy adds $21B in Bitcoin value during Q2 but faces $4B tax hit Bitcoin mining costs soar 47% to $137K in Q4 amid rising input costs, tax liabilities Institutions double down on stablecoins as trust reaches all-time highs – Fireblocks Share This Article Facebook Email Print Previous Article Strategy Stock Still a Buy at Cantor After Plunge Forces Major Price Target Cut Next Article Has the DAT Bubble Already Burst? CoinShares Says In Many Ways, Yes.
