Marathon Digital Holdings Inc (MARA)

[onewhoknows2much]

jdno,

Interesting perspective, definitely think you're in the minority on this one. Nevertheless, I appreciate your thoughts.

If I may, let me put something in proper perspective. The true effective float for Marathon pre-split was maybe 2M shares at best. Truth is that no institution, or even a large producing broker looking to amass a sizeable position for clients, is going to get involved in a name absent more liquidity.

It's in all of our best interest that the shareholder base evolves to one more institutionally based in order to see the shares trade to the much higher levels we all believe eventually possible.

The true effective float post split will essentially still be just 4M shares. That is still a tiny float for all intents and purposes.

I think this move was strategic and possibly the result of some very real feedback received from some of the very institutional investors they may have been speaking with regarding their possible taking of positions. Don't forget they hired their CMO for that exact reason.

Management has a two year track record of doing the right thing, at the right time, and for the right reason. The results speak for themselves, everything they do is focused on building shareholder value. In addition, management is collectively one of the largest shareholders. Like all decisions they make, it was clearly done with their and our best interest in mind.

To think we've lost the compelling low float element, going from 2M to 4M shares, is simply a stretch. We still have a very small float.

Truth be known, just one institution or fund could take down the entire float of 2-4M shares and not blink. Reality is that funds will still find it difficult to get size, but at least the company has done something pro-active to try and facilitate the evolution of its shareholder base. It continues to demonstrate that management not only listens, but they take action when appropriate.