20 Best Cryptocurrency Stocks to Buy According to Hedge Funds

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 163

Visa Inc. (NYSE:V) facilitates transactions between merchants, consumers, government entities, and financial institutions across more than 200 markets. The company’s journey started in 1958 when the Bank of America introduced the first consumer credit card program in the United States. It was in 2007 that Visa formed a global corporation and eventually went public in 2008 in one of the largest IPOs.

As a leader in digital payments, Visa Inc. (NYSE:V) powers the global economy. The company connects 4 billion account holders to more than 130 million merchants, 14,500 financial institutions, and governments across its markets. Among its peers operating in the broader transaction and payment processing services, Visa has a significant market capitalization of $521.86 billion.

In the crypto domain, the firm has a leading payment network to offer with over 65 crypto wallet partners. With the vision of supporting digital currency as the asset class grows, Visa’s crypto solutions and capabilities help one capitalize on the increasing interest in crypto. While Visa Onchain Analytics helps understand the movement of stablecoin transactions across blockchains, the company enables crypto holders to securely pay with Visa at more than 100 million merchants globally. Crypto-related fraud can also be minimized through best-in-class solutions from Visa.

With net revenue growth of 10% and GAAP EPS growth of 20%, Visa closed a good fiscal third quarter of the year. The key business drivers during the quarter include payments volume up 7%, processed transactions up 10%, and cross-border volume up 14%, on a year-over-year basis. In conclusion, the firm has a lot to offer through its globally spread reach, brand value, financial strength, and its leading market position. As of Q2, Visa Inc. (NYSE:V) is held by 163 hedge funds. TCI Fund Management was the largest shareholder in the company with a stake worth $4 billion.