In this article, we will look at the 13 Best Cryptocurrency Stocks to Buy Now.
Cryptocurrency stocks are on the move in the aftermath of US President Donald Trump announcing plans for a “Crypto Strategic Reserve.” The possibility of a cryptocurrency reserve is a significant step toward Trump’s goal of making the United States the global center of cryptocurrency.
The United States already possesses several strategic stockpiles, such as medical and military assets. In times of need, the government draws from these unique reserves. To keep the Federal Reserve afloat, the government would probably be actively purchasing and disposing of cryptocurrencies as part of the strategic reserve push.
“This move signals a shift toward active participation in the crypto economy by the U.S. government,” said Federico Brokate, head of U.S. business at 21Shares, a digital assets investment management firm. “It has the potential to accelerate institutional adoption, provide greater regulatory clarity, and strengthen the U.S.’s leadership in digital asset innovation.”
Additionally, some Bitcoin holders think that a cryptocurrency reserve may act as an inflation hedge. They contend that at times of global economic crisis, the value of Bitcoin may surpass that of the dollar, citing the currency’s declining worth over time. However, cryptocurrencies have shown to be highly volatile during recent geopolitical events, like Russia’s invasion of Ukraine. Additionally, some experts believe that the US government purchasing Bitcoin could endanger the dollar’s standing internationally.
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Critics contend that cryptocurrency is a speculative investment and has historically been volatile, while proponents claim that the proceeds may be used to pay down the country’s massive debt. Approximately 200,000 Bitcoin tokens are thought to be held in the United States due to illegal seizures. The total value of that exceeds $17 billion. With a reserve, these holdings might be expanded to include three lesser-known cryptocurrencies, XRP, Solana, and Cardano, in addition to Ethereum.
Amid the “crypto strategic reserve” push, cryptocurrency stocks’ popularity is growing as investors explore ways of diversifying their investment portfolio beyond traditional asset classes. The stocks stand out partly because they offer crypto exposure without requiring one to own the underlying volatile crypto asset. Additionally, the stocks provide both growth potential and innovation. Many experts regard them as being safer than direct cryptocurrency investments.
A close-up of a person’s hands holding cryptocurrency coins.
Our Methodology
To determine the 13 best cryptocurrency stocks to buy now, we analyzed the US market for companies with exposure to cryptocurrencies and blockchain technology. Our in-depth analysis focused on firms with solid prospects due to their investments in cryptocurrencies and the underlying technology. We reviewed ETFs and financial media reports to compile a preliminary list. Finally, we ranked the stocks in ascending order based on the hedge fund stakes in them during Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13 Best Cryptocurrency Stocks to Buy Now
13. MARA Holdings Inc. (NASDAQ:MARA)
Average Upside Potential as of March 11: 76.51%
Number of Hedge Fund Holders: 21
MARA Holdings Inc. (NASDAQ:MARA) is a digital asset technology company that mines digital assets with a focus on the Bitcoin ecosystem. It stands out as one of the best cryptocurrency stocks to buy, as the company owns a minority stake in the Bitcoin network. Additionally, the company generates strong cash flow compared to revenue.
The company delivered solid fourth-quarter and full-year 2024 results on February 26th. Fourth-quarter revenue surged to $214.4 million compared to $186 million the previous year. Revenue for the full year was up 69% to $656.4 million. Mara Holdings mined 9,430 Bitcoins during the year, taking its total holdings to 44,893 as of the end of 2024.
Mara Holdings’ Bitcoin holdings increased on mining 706 Bitcoins in February, which was 4% higher than in January. The increase came with the rise in the company’s hashrate. The company’s mining activities should receive a boost on the completion of a 40-megawatt data center in Ohio, expected to host ten thousand S21 Pro immersion miners. MARA Holdings Inc. (NASDAQ:MARA) has also sought to diversify its revenue streams beyond crypto mining. It currently hosts vital infrastructure for AI and high-performance computing, affirming its long-term prospects.
12. Hive Digital Technologies Ltd (NASDAQ:HIVE)
Average Upside Potential as of March 11: 388.12%
Number of Hedge Fund Holders: 13
Hive Digital Technologies Ltd (NASDAQ:HIVE) engages in the mining and sale of digital currencies. It operates data centers for computing and mining cryptocurrencies, including Bitcoin and other coins. The company holds more than 2,800 Bitcoin in its balance sheet therefore well poised to benefit from a spike in prices.
Hive Digital Technologies Ltd (NASDAQ:HIVE) has already moved to strengthen its bitcoin mining operations with the installation of 1,090 Bitmain Antminer T17+ 58 terahash per second (TH/s) SHA 256 mining machines at its green energy-powered bitcoin mining operation in Quebec. HIVE’s total operating hash rate should improve to 118 PH/s, operating at a gross mining margin above 40%.
Hive Digital Technologies Ltd (NASDAQ:HIVE) delivered solid third-quarter fiscal 2025 results with a net profit of $1.3 million, a significant improvement from a net loss of $7.7 million in the same quarter last year. However, revenue in the quarter dropped from $31.2 million to $29.2 million. Amid the drop, HIVE Digital remains focused on strategic expansions and innovations in artificial intelligence.
11. Bit Digital Inc (NASDAQ:BTBT)
Average Upside Potential as of March 11: 281.94%
Number of Hedge Fund Holders: 14
Bit Digital Inc (NASDAQ:BTBT) is a financial services company that engages in the bitcoin mining business. It is also involved in treasury management, digital asset staking, and digital asset mining businesses. It is one of the companies holding significant cryptocurrencies in its portfolio and is poised to benefit from a substantial price spike.
As of the end of 2024, Bit Digital Inc (NASDAQ:BTBT) held about 742 Bitcoins and 27,623 Ethereum for a combined value of more than $160 million. The company creates a perpetual revenue flywheel by trading some of its bitcoin mining rewards for Ethereum, staking ETH to generate yield, and reinvesting the yield back into bitcoin miners. The company has also embarked on a diversification strategy beyond Bitcoin and Ethereum mining. Part of the diversification push entails signing a five-year colocation contract with prominent AI hardware innovators.
The colocation agreement paves the way for Bit Digital to supply a 5-megawatt custom data center infrastructure expected to supplement its cryptocurrency revenue base. Bit Digital Inc (NASDAQ:BTBT) remains committed to providing high-performance colocation solutions as it looks to take advantage of growing AI workloads.
10. Canaan Inc. (NASDAQ:CAN)
Average Upside Potential as of March 11: 358.72%
Number of Hedge Fund Holders: 16
Canaan Inc. (NASDAQ:CAN) is a company that plays a vital role in designing and developing equipment required to mine cryptocurrencies. It created the first ASIC bitcoin miner, positioning it to benefit from a spike in BTC price that is fuelling demand for mining equipment. Some of the biggest companies, including Cipher Mining, Mara Holdings and Digital Holdings, use the company’s mining equipment.
Canaan Inc. (NASDAQ:CAN) keeps making remarkable progress in both product innovation and mining operations. After the mining rigs at Stronghold’s Panther Creek facility were successfully upgraded, operations at the location have continued to increase, reaching a fully operational hashrate of 0.93 EH/s. Additionally, Canaan is committed to providing cutting-edge and affordable mining solutions.
The Avalon Q, a small, app-controlled home mining device that produces 90 TH/s of processing power while operating incredibly quietly, has already been released. Notably, it is the first high-end Bitcoin miner that can run on a 110V residential power supply, appealing to miners and reaching more people. Canaan Inc. (NASDAQ:CAN) and Luna Squares’ mining partnership is still on track, and further machine deployments are planned. In February, Canaan achieved an industry-leading all-in electricity cost of 4 cents/kWh, improving the month-end average revenue split from 57.3% to 59.0%.
9. Cipher Mining Inc (NASDAQ:CIFR)
Average Upside Potential as of March 11: 140.91%
Number of Hedge Fund Holders: 23
Cipher Mining Inc (NASDAQ:CIFR) is a financial services company that develops and operates industrial-scale data centers. In addition to building and running Bitcoin mining data centers, the company hosts high-performance computing services like AI. It is one of the best cryptocurrency stocks to buy as it expands and strengthens its Bitcoin network infrastructure.
The expansion drive is part of Cipher Mining’s plan to take advantage of the soaring prices of the flagship cryptocurrency. Cipher Mining Inc (NASDAQ:CIFR) operates more than 75,000 mining rigs, affirming its status as one of the biggest bitcoin miners. The Odessa fleet upgrade improved the company’s overall self-mining hash rate to 13.5 EH/second in the fourth quarter of 2024. Cipher Mining expects the hash rate to reach at least 23 EH/second by the third quarter of 2025, driven by the completion of one of its 300-megawatt Black Pearl data centers. The transition of Cipher Mining Inc (NASDAQ:CIFR) from a Bitcoin miner to an HPC data center developer validates its long-term prospects in the era of artificial intelligence.
8. Bitdeer Technologies Group (NASDAQ:BTDR)
Average Upside Potential as of March 11: 142.08%
Number of Hedge Fund Holders: 31
Bitdeer Technologies Group (NASDAQ:BTDR) operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and a one-stop mining machine hosting solutions for efficient cryptocurrency mining. The company has set out to become the largest vertically integrated Bitcoin miner.
Consequently, it’s been expanding access to power to ramp up mining operations. It has already acquired a 101-megawatt power project in Alberta, Canada, to scale its mining operations. Nevertheless, Bitdeer delivered a steep net loss of $531.9 million in the fourth quarter of 2024 compared to a net loss of $5 million in the same period a year earlier.
The wider-than-expected net loss came on Bitdeer Technologies Group (NASDAQ:BTDR) moving to develop its application-specific integrated circuits (ASICs), which are specialized chips designed for Bitcoin mining. The company is currently finishing up the design of its second and third-generation mining chips after starting mass production of its SEALMINER A1 Bitcoin mining hardware in the fourth quarter.
Even as the company continues to ramp up Bitcoin mining operations, it’s also taking advantage of a steep decline in BTC prices. The company leveraged a decrease in Bitcoin to purchase 50 BTC at a cost of about $81,475. The company’s total holding has since surged to 640 BTC. Bitdeer has also announced plans to return value to shareholders through a $20 million share repurchase program.
7. Hut 8 Corp (NASDAQ:HUT)
Average Upside Potential as of March 11: 174.79%
Number of Hedge Fund Holders: 34
Hut 8 Corp (NASDAQ:HUT) operates as a vertically integrated operator of energy infrastructure and Bitcoin miners. It also offers high-performance computing services and managed services for energy infrastructure development. The company focuses on growing its Bitcoin mining business and creating AI data centers.
Hut 8 Corp (NASDAQ:HUT) exited 2024 with $331 million in net income, up from $21.9 million the previous year, benefiting from a significant spike in Bitcoin prices. Revenue in the quarter was also up by 69% year over year to $162.4 million. The better-than-expected net income came from the company experiencing a sharp reduction in energy costs, down by 30%. The company also ended the year with 10,171 Bitcoin holdings valued at more than $900 million.
In addition, Hut 8 Corp (NASDAQ:HUT) has strengthened its ties with Bitmain, one of the biggest bitcoin mining companies globally. In addition to working with Bitmain to create a next-generation ASIC miner, Hut 8 has landed a colocation agreement with the company that is anticipated to bring in $125 million annually.
6. Riot Platforms Inc (NASDAQ:RIOT)
Average Upside Potential as of March 11: 145.37%
Number of Hedge Fund Holders: 37
Riot Platforms Inc (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company that designs, manufactures, and installs electrical products and services. The company also designs and manufactures power distribution equipment and custom-engineered electrical products.
Riot Platforms Inc (NASDAQ:RIOT) experienced an extraordinary year in 2024, achieving a record revenue of $376.7 million along with a net income of $109.4 million. Additionally, the company recorded an unprecedented adjusted EBITDA of $463.2 million for 2024, highlighting the effectiveness of the Bitcoin treasury strategy, which focuses on retaining Bitcoin production instead of selling. The year 2024 was characterized by significant growth initiatives coming to fruition, such as the activation of the Corsicana Facility.
Riot Platforms Inc (NASDAQ:RIOT) also acquired Block Mining and E4A Solutions, a prominent electrical engineering services company, to complement its engineering division and Bitcoin mining activities. These growth strategies and greatly improved operational performance led to Riot mining 4,828 Bitcoins at an average direct cost of $32,216 per coin. In 2025, Riot Platforms plans to broaden its AI and HPC division, focusing on its Corsicana facility as it looks to diversify and strengthen its revenue base beyond cryptocurrencies.
5. MicroStrategy Incorporated (NASDAQ:MSTR)
Average Upside Potential as of March 11: 129.41%
Number of Hedge Fund Holders: 44
MicroStrategy Incorporated (NASDAQ:MSTR) is the largest corporate Bitcoin holder, holding 499,096 BTC as of February. Similarly, it was the best-performing cryptocurrency in 2024, rallying by more than 140%. The impressive run came on the company, delivering solid financial results that were helped by Bitcoin prices rallying to record highs.
On February 5th, MicroStrategy Incorporated (NASDAQ:MSTR) revealed its fourth-quarter and full-year 2024 results. While its revenue from subscription services rose 48% to $31.9 million, its reported revenue of $120.7 million was down 3% from the previous year. Revenue from product licenses increased 18.3% year over year to $47.2 million.
MicroStrategy Incorporated (NASDAQ:MSTR) also announced plans to raise $42 billion over the next three years. A good chunk of the funds will bolster the company’s Bitcoin holdings. It also announced the completion of $20 billion of its $42 billion capital plan, often known as the 21/21 plan. It also updated its annual Bitcoin yield target to 15% for 2025.
4. Coinbase Global, Inc. (NASDAQ:COIN)
Average Upside Potential as of March 11: 90.72%
Number of Hedge Fund Holders: 68
Coinbase Global, Inc. (NASDAQ:COIN) is one of the biggest players in the burgeoning cryptocurrency sector, specializing in offering financial infrastructure and technology. The company’s infrastructure and technology enable the buying and selling of various cryptocurrencies.
It is one of the best cryptocurrency stocks to buy whenever there is a significant increase in crypto demand and prices. During such periods, more people create accounts on its platform to buy and sell Altcoins. In return, Coinbase earns a small transaction fee on all transactions on the platform. Additionally, Coinbase stands out in moving to diversify its core crypto exchange business.
Coinbase Global, Inc. (NASDAQ:COIN) has started sponsoring a debit card that allows consumers to spend their digital coins. It has also established a cloud platform for companies to use and store digital coins. The second innovation is the growing use of Coinbase’s blockchain analytics by financial institutions and governments.
3. Robinhood Markets, Inc. (NASDAQ:HOOD)
Average Upside Potential as of March 11: 58.78%
Number of Hedge Fund Holders: 79
Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services company that offers a platform that allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company announced a staggering 700% increase in cryptocurrency trading revenue during the fourth quarter of 2024, enabling the retail brokerage to achieve record profits as digital asset activity bounced back.
Crypto revenue soared to $358 million, a significant rise from $45 million in the same quarter last year, as net income skyrocketed more than tenfold to $916 million. Amid the solid financial results, Robinhood Markets, Inc. (NASDAQ:HOOD) is enhancing its footprint in the cryptocurrency market, revealing in June an agreement to purchase Bitstamp for $200 million, as part of its strategy to broaden its international reach. Additionally, the company introduced Ethereum staking in the European Union and added seven new tokens in the United States during the last quarter.
2. Block, Inc. (NYSE:XYZ)
Average Upside Potential as of March 11: 81.33%
Number of Hedge Fund Holders: 81
Block, Inc. (NYSE:XYZ) is a software infrastructure company that builds ecosystems focused on commerce and financial products and services. The company develops and supports cryptocurrency-related services and decentralized technologies. It owns Square, Cash App, and other cryptocurrency-related services. The company is taking advantage of significant business opportunities to make it easy for people to buy and hold cryptocurrencies in their digital wallets.
Bitcoin holdings are always a significant part of the company’s operations, helping to bolster the bottom line. Through the Block, Inc. (NYSE:XYZ) ecosystem, the company is promoting the use of Bitcoin among its business users, and it has the potential to become a leading platform for cryptocurrency transactions between businesses and their clients.
According to CEO Jack Dorsey, the feature will make Bitcoin more usable in the direction of a trustworthy global monetary transmission network. During the fourth quarter and full year 2024 earnings call, the CEO tried reassuring investors by highlighting how Block is structured for long-term success through the ongoing integration of its financial services offerings, such as Cash App, Square, and its Bitcoin initiatives.
1. PayPal Holdings Inc. (NASDAQ:PYPL)
Average Upside Potential as of March 11: 39.32%
Number of Hedge Fund Holders: 94
PayPal Holdings Inc. (NASDAQ:PYPL) operates a technology platform that enables digital payments for merchants and consumers worldwide. The company has sought to strengthen its growth prospects by pursuing opportunities in the crypto space. As it pursues its goal of making it easier for people to use cryptocurrencies in everyday commerce, it is emerging as one of the best stocks to own to gain exposure in the burgeoning sector.
In an effort to broaden its customer offerings, PayPal Holdings Inc. (NASDAQ:PYPL) began allowing merchants to purchase, hold, and sell cryptocurrency from their business accounts late last year. With the most users of any peer-to-peer money movement app, Venmo could become a leading cryptocurrency platform with its new feature. It serves as a solid access point for investors who wish to buy significant cryptocurrencies and then use them to purchase Altcoins or access decentralized finance (DeFi) applications.
For quicker, less expensive transactions, its stablecoin, PYUSD, which was first introduced on Ethereum, was extended to Solana. Additionally, PayPal Holdings Inc. (NASDAQ:PYPL) collaborates with more than 25 businesses to further incorporate PYUSD into the cryptocurrency ecosystem.
While we acknowledge the potential of PayPal Holdings Inc. (NASDAQ:PYPL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PYPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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