Why Are Bitcoin-Related Stocks Trading Lower?

Shares of several bitcoin-related stocks such as Marathon Digital Holdings, Inc. MARA, Riot Blockchain, Inc. RIOT and MicroStrategy Incorporated MSTR are trading lower amid a decrease in the price of Bitcoin.

Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines.

The stock was trading approximately 9% lower at $34.35. The stock has a 52-week high of $57.75 and a 52-week low of $0.41.

Riot Blockchain operates in a single segment of cryptocurrency mining.

The stock was trading approximately 9% lower at $39.78 per share. The stock has a 52-week high of $79.50 and a 52-week low of $1.03.

MicroStrategy Incorporated provides enterprise analytics software and services worldwide.

The stock was trading approximately 5% lower at $642.59 per share. The stock has a 52-week high of $1,315 and a 52-week low of $109.64.