- The stock price of Marathon Digital Holdings Inc (NASDAQ: MARA) increased by over 10% during intraday trading. This is why it happened.
The stock price of Marathon Digital Holdings Inc (NASDAQ: MARA) increased by over 10% during intraday trading. Investors are responding positively to the price of Bitcoin increasing over $35,000 again.
The price of Bitcoin is trending upwards due to Morgan Stanley buying over 28,000 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund. And there are reports that Cathie Wood’s ARK Invest is planning to launch a Bitcoin-themed ETF.
Marathon Digital is known for operating as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.