Here's Why Marathon Patent Group Stock Came Crashing Down Today

Wednesday, 13 January 2021, 18:59:00
Spoiler alert: The price of bitcoin has nothing to do with it this time.
— The Motley Fool

Marathon Patent Group Announces $250.0 Million Registered Direct Offering of Common Stock | MarketScreener

Wednesday, 13 January 2021, 06:00:02
LAS VEGAS, Jan. 12, 2021 — Marathon Patent Group, Inc. today announced that it has entered into securities purchase agreements with several institutional investors for the purchase and… | January 13, 2021
— MarketScreener

Crypto Mining Firms Saw Drop in Shares Following Bitcoin Price Correction

Tuesday, 12 January 2021, 10:46:31
The shares of the crypto mining firms Riot Blockchain and Marathon Patent Group dropped 14% and 11% in tandem with BTC price dip.
— Coinspeaker

Marathon Patent Group, Inc. (NASDAQ:MARA) CEO Merrick D. Okamoto Sells 632,000 Shares

Tuesday, 12 January 2021, 10:08:47
Marathon Patent Group, Inc. (NASDAQ:MARA) CEO Merrick D. Okamoto sold 632,000 shares of the company’s stock in a transaction that occurred on Thursday, January 7th. The shares were sold at an average price of $20.51, for a total value of $12,962,320.00. Following the completion of the transaction, the chief executive officer now owns 1,079,888 shares […]
— Watchlist News

Crypto mining stocks plummet as Bitcoin falls from historic highs (RIOT, MARA)

Monday, 11 January 2021, 17:25:16
Summary List Placement Shares of Cryptocurrency miners Riot Blockchain and Marathon Patent Group are taking the brunt of bitcoin's fall on Monday. Both stocks are down over 15% following bitcoin's tumble from over $40,000 to under $33,000 per coin. The slide wiped some $170 billion off of total cryptocurrency market value in just a few days. As of Monday morning, the decline is the largest drop for cryptocurrencies since their historic run began back in October. The bitcoin sell-off comes after months of gains for cryptocurrencies and may signal some profit-taking, according to Simons Chen, executive director of investment and trading at cryptocurrency financial services firm Babel Finance. Chen said in a statement, “the correction we saw was expected as we believe the BTC price surge recently from under $20,000 to $40,000 in the past four weeks will induce sell pressure,” per CNBC. Read more: JPMorgan says stocks are primed for sustained gains in a way they haven't been in years – and identifies 43 names to buy for above-average earnings growth in 2021 However, according to the Bitcoin bulls, there's still room for the cryptocurrency to run. “It's probably going to $100,000, then $150,000, then $200,000,” Social Capital's Chamath Palihapitiya argued on CNBC's ” Halftime Report last Friday.
— Business Insider Markets