MARA → $37.00 by Jan 4, 2026.

**Price Target** $34-37 EOY **Position** 1000 Shares 5x 12/19 C18 10x 12/19 C19 1x 12/19 C20 **Upside** BTC is ripping higher, expectation by Tom Lee is $200k by EOY. MARA owns 52,850 BTC for an "mNAV" of 1.1x, while Saylor Moon's bullshit (MSTR) is sitting at an "mNAV" of 1.45x. If MARA matched, then we are looking at roughly $25 price. This piece of shit is finally starting to think about being a AI/HPC, so it'll have it's BTC mining …