10 Stocks Investors Are Dumping

8. MARA Holdings Inc. (NASDAQ:MARA)

MARA Holdings Inc. (NASDAQ:MARA) fell by 8.71 percent on Tuesday to finish at $10.37 apiece as investors disposed of shares to mitigate risks from the ongoing geopolitical tensions between the US and Europe, having announced a tit-for-tat tariff in relation to their opposing views on the acquisition of Greenland.

MARA Holdings Inc. (NASDAQ:MARA) mirrored the broader market pessimism, which similarly spilled over to Bitcoin prices after President Donald Trump announced plans to impose a 10 percent tariff on eight European countries opposing his plans to take over Greenland.

The tariffs, which would affect the UK, Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland, are set to take effect on February 1, and could rise to 25 percent on June 1 if no deal is made.

Meanwhile, the European Union said that it would retaliate with $108 billion worth of tariffs on American goods entering the region, in a bid to protect Greenland.

The trade war rattled global markets, with Wall Street’s three main indices ending the day in a bloodbath, led by the tech-heavy Nasdaq, down 2.39 percent.

Bitcoin prices, on the other hand, fell below the $90,000 level as investors parked funds while waiting for further developments.

MARA Holdings Inc. (NASDAQ:MARA) is the second-largest Bitcoin treasury holder globally, next to Strategy Inc. As of the third quarter of the year, the company held a total of 52,850 Bitcoins in its portfolio.