# MARA Holdings Stock Plummets 17% in Week

> MARA Holdings stock dropped 17% in a week due to bitcoin price sensitivity and structural risks.
- Title: MARA Holdings Stock Plummets 17% in Week · TradingView
- Summary: MARA Holdings stock dropped 17% in a week due to bitcoin price sensitivity and structural risks. MARA Holdings fell 17% in a week as its $350 million…
- Keywords: mara holdings, nasdaq, bitcoin, stock price, debt leverage, ai infrastructure, long ridge acquisition, ferc approval, business, finance, MARA, Holdings
- Source: TradingView — https://tradingview.com/chart/MARA/aqlr0hH6-MARA-Holdings-MARA-Why-the-Stock-Fell-17-in-a-Week
- Published: 2026-10-19T17:26:30+00:00
- Read time: 1 min
- Topics: mara holdings, nasdaq, bitcoin, stock price, debt leverage, ai infrastructure, long ridge acquisition, ferc approval, business, finance
## Weekly Stock Drop
MARA Holdings shares fell 17.0% between October 6 and October 13, 2026, while the S&P 500 dropped 0.2%.
## Multiple Pressures
The decline resulted from a bitcoin sale, a downgrade to underweight, a Form 144 filing, and Strive overtaking Marathon in bitcoin holdings.
## Bitcoin Sensitivity
Every $10,000 change in bitcoin price translates to a $350 million non-cash gain or loss for MARA, representing 10% of its $3.5 billion market value.
## Quarterly Impact
The second quarter of 2026 saw revenue drop $65.9 million due to a 28% lower bitcoin price, with $343 million in paper losses on digital assets.
## Debt Amplification
MARA has pledged 54% of its bitcoin holdings as collateral for $600 million in borrowings, with debt at 70.8% of market value.
## Long Ridge Acquisition
The $1.5 billion Long Ridge acquisition, expected to generate $144 million annualized EBITDA, requires regulatory approval and has not yet closed.
## AI Infrastructure Plan
MARA aims to build AI data centers using its existing power and land, targeting 4.8 gigawatts of capacity by 2026.
## Power Portfolio Expansion
The Matagorda County site in Texas could support up to 2 gigawatts of capacity, pending ERCOT and interconnection approvals.
## Strategic Timing
MARA can mine bitcoin at newly powered sites during AI facility construction, generating cash flow without dormant assets.
## What to Watch
Investors should monitor bitcoin price direction, collateral thresholds, lease announcements, and Long Ridge closing for regulatory approval.
## Key takeaway

MARA Holdings fell 17% in a week as its $350 million sensitivity to bitcoin price moves and debt leverage threaten stability.