MARA Holdings’ $2B Stock Sale: Bitcoin’s Next Big Catalyst to Regain $85,000?

Following MARA Holdings Inc.’s announcement of a $2 billion stock offering intended to purchase more Bitcoin (BTC), both MARA and BTC experienced extreme volatility. This is further confirmation of MARA’s focus on building its Bitcoin reserve. Their plan resembles MicroStrategy’s strategy of accumulating BTC. While institutional validation continues to shape BTC market trends, Bitcoin’s price remains highly reactive, with short-term sentiment still jittery. Meanwhile, MARA’s stock price showed relative resilience despite broader market concerns over liquidity and capital allocation. The correlation between MARA and Bitcoin highlights how corporate Bitcoin accumulation can drive volatility and influence broader market dynamics in an uncertain economic landscape.

MARA Doubles Down on Bitcoin Accumulation

MARA Holdings is well-versed in accumulating Bitcoin, but this newest stock offering pushes the company to the next level. MARA has a BTC reserve of 46,374 BTC, worth about $3.9 billion; now, this makes MARA the second largest public Bitcoin holder behind MicroStrategy. MARA CEO Fred Thiel has stressed that the company’s “full HODL” strategy means they will not sell their Bitcoin production to support operations, putting the company ahead of other miners in the industry, as during the bear market, they are also actively acquiring. It is evident that publicly traded firms are beginning to hold and treat Bitcoin in a way that goes beyond speculation, as a long-term asset.

What This Means for Bitcoin’s Price

Although MARA is largely optimistic, the immediate market reaction has been a mixed bag. MARA’s stock price sank 8.58% on March 28 and declined another 4.6% in after-hours trading. Bitcoin also pulled back slightly, down 1.2% in the last 24 hours, hovering just above $82,000. Bitcoin accumulation by institutions like MARA contributes to optimism in the long-term but it also comes with volatility in the short-term. As Bitcoin reacts to these developments, some of the key technical indicators will determine whether BTC is setting up for another rally or additional downside pressure.

Price Analysis and BTC Price Prediction

The trading session on March 31 opened with a slight bullish uptrend, attempting to recover from the previous downward streak. However, selling pressure quickly emerged when a death cross appeared at 03:25 UTC, aligning with an overbought signal from the RSI. This clash between bearish indicators and lingering bullish sentiment led Bitcoin into a consolidation phase. The coin made another attempt to break out of this range following a golden cross at 06:35 UTC, but another death cross at 10:15 UTC, coupled with RSI signaling overbought conditions, pushed prices into a downtrend. As a result, Bitcoin established new crucial support and resistance levels at $81,400 and $83,500. 

Chart 1, Analyzed by Alokkp0608, published on March 31, 2025.

Buyers attempted to counteract the bearish sentiment at multiple points, notably at 14:30 UTC when a golden cross appeared on the MACD line, followed by another at 17:20 UTC. However, bearish momentum remained dominant, overwhelming buying pressure and continuing the downward trajectory. As the new trading day began, a death cross at 00:20 UTC drove prices down to the key support level. A recovery attempt followed as a golden cross formed on the MACD line, aligning with two previous oversold signals from the RSI. Despite persistent selling pressure restricting major price swings, a stronger buying momentum emerged with another golden cross at 04:35 UTC, igniting an upward rally.

What Lies Ahead of Bitcoin?

The price of Bitcoin remains volatile and was partly influenced by MARA Holdings’ recent announcement of a $2 billion stock offering. While MARA’s Bitcoin accumulation implies confidence in the long-term play, short-term volatility continues. There were multiple golden and death crosses in recent trading sessions, with Bitcoin maintaining a majority distribution phase without picking up bullish momentum. Price action tried to break above the resistance level, but the selling pressure kept prices in check. With key support at $81,400, Bitcoin’s next move depends on market sentiment and institutional activity. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.