Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-02-14 20:56:59

Why did Marathon Digital stock fall today? It may sell more shares soon

Marathon Digital (NASDAQ:MARA) stock dipped 5.1% in late afternoon trading on Monday after disclosing that it may sell as much as $750M of new securities. After Friday's close, the bitcoin miner said it may sell common stock, preferred stock, warrants, units, or a combination of those securities from time to time and use the proceeds to buy more bitcoin mining servers. Stocks often fall when a company announces plans to sell new shares because that reduces the percentage stake held by existing shareholders. Last Friday, SA contributor BOOX research explained its bullish view on Marathon Digital.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.