The Crypto Boom: 5 Stocks Poised to Benefit

The recent cryptocurrency rally is looking to become a wave transforming the financial landscape. As Bitcoin, Ethereum, and other digital assets have reached new highs recently, companies tied to crypto trading, mining, and blockchain technology are seeing increased activity and revenue. With trading volumes soaring, this rally can create lucrative opportunities for businesses that enable or leverage cryptocurrency transactions.  Of course, all investing involves risk, including the loss of principle, and crypto is no exception as prices could also fall at any time. Several companies are at the forefront of this digital revolution.

5 Stocks Positioned to Thrive in a Crypto Rally

Name	Ticker	Last price   The last publicly stated price for one share of an investment, updated every approximately 20 minutes during market hours (usually business days between 9:30 a.m. and 4:00 p.m. ET).	Today   This is how much an investment's price has changed over the last day of active trading. For example, if an investment's price was $10 yesterday, and today it rose to $11, you'd see a 1 day change of 10%.	YTD   This is the performance of the investments since the start of the year, updated approximately every 20 minutes during market hours (usually business days between 9:30 a.m. and 4:00 p.m. ET).
Coinbase Global Inc	COIN	$263.26	1.32%	2.35% (1Y)
Bitwise Bitcoin ETF	BITB	$49.49	6.5%	-6.62% (1Y)
MicroStrategy Inc	MSTR	$181.33	5.78%	-39.56% (1Y)
Robinhood Markets Inc	HOOD	$125.95	2.2%	219.35% (1Y)
Riot Blockchain Inc	RIOT	$15.22	-1.68%	45.51% (1Y)

Coinbase Global Inc

YTD:

2.35% (1Y)

Last price: $263.26

Bitwise Bitcoin ETF

YTD:

-6.62% (1Y)

Last price: $49.49

MicroStrategy Inc

YTD:

-39.56% (1Y)

Last price: $181.33

Robinhood Markets Inc

YTD:

219.35% (1Y)

Last price: $125.95

Riot Blockchain Inc

YTD:

45.51% (1Y)

Last price: $15.22

How to Invest in Crypto-Exposed Stocks

Investing in companies connected to a crypto rally involves understanding their strategic roles in the cryptocurrency ecosystem. Here’s how each company highlighted above is leveraging this trend to create value:

Coinbase Global (COIN) - Link

Coinbase is the largest cryptocurrency exchange in the U.S., offering a platform for trading digital assets like Bitcoin and Ethereum. As trading volumes spike during crypto rallies, Coinbase can generate significant revenue from transaction fees. 

MicroStrategy (MSTR)

MicroStrategy has become synonymous with corporate Bitcoin investment. The company holds a substantial amount of Bitcoin on its balance sheet, which can appreciate as cryptocurrency prices rise but also follows them when crypto falls. By integrating Bitcoin into its corporate strategy, MicroStrategy offers investors indirect exposure to the crypto market.

Robinhood Markets (HOOD)

Robinhood provides retail investors with easy access to cryptocurrency trading alongside traditional equities. The platform has seen increased activity during the recent crypto rally as more users engage with its commission-free trading model. Robinhood’s simple interface and crypto offerings make it a popular choice for new investors entering the market.

The Bitcoin ETF (BITB)

The Bitcoin ETF (BITB) provides investors with direct exposure to Bitcoin through a regulated and professionally managed exchange-traded fund. By investing directly in Bitcoin, BITB offers a convenient way to participate in the cryptocurrency market without the complexities of ownership or custody. Managed by Bitwise Asset Management, the ETF leverages crypto expertise to provide transparency and ease of access via traditional brokerage accounts. With growing investor interest and a straightforward structure, BITB serves as a key vehicle for those seeking exposure to Bitcoin's price movements within a secure investment framework.

Riot Platforms (RIOT)

Riot Platforms is another key player in the cryptocurrency mining sector. The company’s focus on scaling its mining capabilities and improving energy efficiency positions it to capitalize on rising Bitcoin prices, though it will also share in Bitcoin’s hardships when prices fall. Riot’s ability to mine Bitcoin at lower costs gives it a competitive edge.

By investing in these companies, you can tap into the growing cryptocurrency market through businesses that are actively shaping its future. As the crypto rally drives increased trading and mining activity, these stocks offer exposure to one of the most dynamic sectors in today’s economy.

While the cryptocurrency market is exciting and offers significant growth opportunities, it’s important to note that Bitcoin and other digital assets are highly volatile. At Stash, we understand that not everyone enjoys investing in more volatile markets, and that’s perfectly okay. You should always consider your objectives, personal circumstances, and risk tolerance before investing. We believe in the importance of diversification and recommend keeping crypto exposure to a small portion of a well-balanced portfolio.