Why Mara Holdings Stock Dived by Nearly 7% Today

Mara Holdings (MARA -6.53%) is going all-in on the world's top cryptocurrency, and many investors aren't happy about it. The company's stock closed Monday almost 7% lower following news that it would aggressively pursue more Bitcoin (BTC -1.65%) mining and purchasing, fueled partially by a new round of capital raising. This contrasted notably with the rise of the S&P 500 index, which ended the day more than 0.2% higher.Busy Bitcoin bullsIt was a busy news days for Mara with the release of its monthly produc ...