MARA Holdings Inc. (NASDAQ:MARA) saw a 7.94% increase in its stock price on Tuesday, closing at $17.53 as investors anticipate developments from a Bitcoin roundtable discussion. The roundtable, hosted by Sen. Cynthia Lummis and Rep. Nick Begich, aims to strategize on acquiring 1 million Bitcoins for US reserves over the next 5 years.

Senator Lummis introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act (Bitcoin Act) in March, following President Trump’s executive order on national crypto holdings. Meanwhile, the price of Bitcoin is currently at $116,886.20 per coin.

In recent news, MARA Holdings Inc. (NASDAQ:MARA) reported producing 705 Bitcoins last month, a slight increase from the previous month. The company also operated at a hash rate of 59.4 EH/s. While MARA shows promise, some believe other AI stocks offer higher returns with less risk. For more information, check out the best short-term AI stock report.

Read more at Yahoo Finance: MARA Holdings (MARA) Soars 7.9% as Crypto Stakeholders Work on 1-Million Bitcoin Purchase