Investors holding exchange-traded funds (ETFs) often seek cryptocurrency exposure without directly purchasing volatile digital assets. While awaiting institutional Bitcoin ETFs (e.g., from BlackRock or Fidelity), traditional brokerage platforms already offer indirect crypto investments via stocks. Our analysis of 25+ Bitcoin-adjacent companies identifies top picks across five categories:
📊 Top Crypto Stock Categories
- Best Value Crypto Stocks
- Fastest-Growing Cryptocurrency Stocks
- Digital Companies with Major Potential
- Stocks with Strong Momentum
- Best Bitcoin Mining Firms
Short-term crypto stock prices can exceed Bitcoin’s volatility—invest cautiously.
🏆 Best Value Crypto Stocks
Fundamentals-driven picks trading below all-time highs:
Block Inc (SQ)
- Digital payments firm (Jack Dorsey co-founded).
- Owns Cash App (BTC transactions).
- 32% YoY revenue growth (Q1 2023); trades 70% off peak.
Applied Digital Corp (APLD)
- High-performance computing for blockchain/AI.
- $180M deal with Character AI; stock 75% below ATH.
Canaan (CAN)
- First Bitcoin ASIC miner creator.
- Focuses on green mining; trades 90% below peak.
🚀 Fastest-Growing Cryptocurrency Stocks
Based on YoY revenue growth (Q1 2023):
Interactive Brokers (IBKR)
- 63.72% YoY growth; trades 10% below ATH.
Robinhood (HOOD)
- 47.49% YoY growth; up 60% YTD.
(APLD also listed here—193% YoY growth.)
💡 Digital Companies with Major Potential
Coinbase (COIN)
- Second-largest crypto exchange.
- Potential Bitcoin ETF custodian; 200%+ YTD growth.
Advanced Micro Devices (AMD)
- CPUs/GPUs for blockchain security.
- Trades 30% below peak; doubled YTD.
Riot Platforms (RIOT)
- Debt-free Bitcoin miner.
- Adding 33K miners in 2024; 400%+ YTD growth.
📈 Stocks with Strong Momentum
MicroStrategy (MSTR)
- Holds 21,454 BTC; 200% YTD growth.
NVIDIA (NVDA)
- $1T market cap; 200% YTD growth.
(Excluded miners to highlight diversity.)
⛏️ Top Bitcoin Mining Stocks
Marathon Digital (MARA)
- $2.6B market cap; 300%+ YTD growth.
Iris Energy (IREN)
- Renewable-energy miner; 300%+ YTD growth.
(RIOT also featured here.)
❓ Why Invest in Crypto Stocks?
- Avoid direct crypto risks (exchange collapses, lost keys).
- RRSP-eligible (Canadian retirement accounts).
- Bull market outperformance (e.g., COIN +200%, RIOT +400%).
⚠️ Risks
- Higher volatility than S&P 500.
- Potential pivots away from crypto (e.g., APLD to AI).
🔍 Methodology
- NYSE/NASDAQ-listed stocks.
- >$300M market cap.
- Evaluated: YoY growth, news impact, fundamentals.
⁉️ FAQs
Q: How do crypto stocks compare to direct crypto investing?
A: Lower custody risks but similar volatility.
Q: Which miner has the cleanest energy usage?
A: Iris Energy (IREN) focuses on renewables.
Q: Is Coinbase a good long-term hold?
A: Yes, if BTC ETFs gain approval.
👉 Explore crypto-friendly trading platforms for low-fee stock access.
(Data as of July 2023.)