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Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading lower on Tuesday. The company is anticipated to release quarterly earnings on Thursday.
The Details: Analysts estimate a loss of 14 cents per share and revenue of $157.84 million for the 2024 fiscal year second quarter.
Marathon shares, and other crypto-linked stocks, initially traded higher on Monday before reversing after former President Donald Trump made comments in regards to a possible strategic national crypto stockpile. Specifically, Marathon shares were trading around $21.50 during Monday morning but fell to about $20 later in the day. The stock continues to trade at a similar price on Tuesday.
During a Bitcoin Conference in Nashville, Trump said, "For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," according to CNBC.
Last week, Marathon announced that it purchased $100 million worth of Bitcoin (CRYPTO: BTC) and will adopt a full HODL strategy.
“We believe bitcoin is the world’s best treasury reserve asset and support the idea of sovereign wealth funds holding it. We encourage governments and corporations to all hold bitcoin as a reserve asset,” said Fred Thiel, MARA’s chairman and CEO.
How To Buy Marathon Digital Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Marathon Digital Holdings (NASDAQ:MARA)'s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
See Also: Wrapped Bitcoin Decreases More Than 3% Within 24 hours
MARA Price Action: At the time of writing, Marathon Digital stock is trading 2.3% lower at $19.98, according to data from Benzinga Pro.
Image: Photo via Shuttershock.
