List of Bitcoin Stocks
Bitcoin is the investing world’s most speculative and volatile asset, a cryptocurrency not based on real, intrinsic value but rather solely by the hope of what it could be worth.
Some investors are hoping to either buy Bitcoin outright and other investors perhaps wiser, to invest in companies that have exposure to the cryptocurrency. What is meant by Bitcoin stocks are companies, investment funds, and others that possess or trade in Bitcoin.
There are large investment funds such as the ARK investment fund and MicroStrategy that own vast amounts of Bitcoin. Some of these companies have done well the last 12 months, and with forecasts for big growth in Bitcoin price in the next 3 months, investors are hungry for the best of them.
The forecast for Bitcoin price is up up and away. Some experts believe Bitcoin could become a global currency and that we’ll see more companies accepting bitcoin for payment. If fiat currencies like the US dollar should fail or a recession should come about, some feel Bitcoin is a recession proof investment.
The fact that some companies either own the cryptocurrency or are exposed to it, makes their stock even more desirable. Consider investors in Tesla, which had invested heavily in Bitcoin, and gained significantly from the BTC price rise. And Tesla still owns a large amount of Bitcoin.
Yahoo Finance reports that Microstrategy, Tesla, Galaxy Digital, Voyager Digital, Square and Marathon Digital own large numbers of Bitcoin. That might be what investors want in a Bitcoin stock.
There is no Bitcoin ETF at present so investors have to look into other options to benefit from any potential growth of Bitcoin price.
What is the price of Bitcoin right now? Bitcoin rose to $47,354 last week which is up more than 50% since July.
Barron’s reports on a study conducted by Goldman Sachs who found a list of stocks with exposure to Bitcoin. Their prices correlated well to the up and volatility of the Bitcoin price.
Goldman Sachs Bitcoin stocks list are:
- Marathon Digital Holdings (MARA)
- Riot Blockchain (RIOT)
- MicroStrategy (MSTR)
- Silvergate Capital (SI)
- Square (SQ)
- PayPal Holdings (PYPL)
- Overstock.com (OSTK)
- Nvidia (NVDA)
- Investview (INVU)
- Ideanomics (IDEX)
- Tesla (TSLA)
- JPMorgan Chase (JPM)
- Visa (V)
- Bank of New York Mellon (BK)
- Facebook (FB)
- Mastercard (MA)
- Broadridge Financial Solutions (BR)
- IBM (IBM)
- Coinbase Global (COIN).
Companies that possess Bitcoin or might use it in transactions could trade at a premium over the value of their earnings. That’s one more reason many investors are hoping to benefit from Bitcoin’s big prices rises, rather than buying directly on exchange platforms such as Coinbase.
So the quest is to find stocks that have some type of solid profitable exposure or investment in Bitcoin. You’ll need to research the nature of their connection to BTC and find find stocks that have even greater ROI on their own.
NASDAQ mentions these solid Crypto Stocks for measure:
Marathon Digital Holdings Inc. (NASDAQ: MARA). Nasdaq says Marathon helps investors gain exposure to Bitcoin in their portfolios without having to deal with the complications of holding the asset directly. MARA stock currently trades at $36.85 as of 10:31 a.m. ET and has enjoyed gains of over 1,400% in the past year alone.
Robinhood Markets Inc. (NASDAQ: HOOD) Robinhood the very popular online stock brokerage services offers digital currency-related services via its Robinhood Crypto arm.
MicroStrategy Inc. (NASDAQ: MSTR) MicroStrategy is known for its growing treasury of 105,000 bitcoins.
Square Inc. (NYSE: SQ) Square allow users to send cryptocurrency and fiat money to one another. Square reported a total net revenue of $4.68 billion, up 143% year-over-year. Excluding Bitcoin, total net revenue in the second quarter was $1.96 billion.
Coinbase Global Inc. (NASDAQ: COIN) Coinbase, offers a cryptocurrency exchange platform including trading of Bitcoin. It has 68 million verified users and has a quarterly traded volume of $462 billion. The company’s exchange services is global in over 100 countries and employs over 2,000 employees.
Investor Place likes these four top Bitcoin Stocks:
- Marathon Digital (NASDAQ:MARA)
- Riot Blockchain (NASDAQ:RIOT)
- Coinbase (NASDAQ:COIN)
- Robinhood (NASDAQ:HOOD)
Business Insider lists a number of Bitcoin stocks:
- Riot Blockchain
Yahoo Finance has a list of cryptocurrency stocks it dubs Top Crypto Bets. They list public non-cryptocurrency companies which are into crypto, either through investments, partnerships, or side ventures.
Kiplinger offers their top 8 Bitcoin Crypto Stocks to consider:
- JP Morgan Chase
- Advanced Micro Devices
- Coinbase Global
- Greyscale Bitcoin Trust
Swingbot Trade cites some interesting Bitcoin stocks:
- Bitfarms Ltd
- Hut 8 Mining Company
- Taal Distributed Info Tech
- Integrated Ventures
- Bitcoin Group SE
- Meridian Insurance Group
- BTCS Inc.
- Dalet Sa
- Athena Bitcoin Global
- GD Entertainment & Technology
- Bitcoin Investment Trust
- First Bitcoin Capital
- Bitcoin Generations Inc
- Galaxy Digital Holdings
- DigitalX Ltd.
That’s an excellent selection of potential Bitcoin stocks to own. Hopefully, it will seed your growing list of good opportunities.