5 Best Blockchain Stocks to Buy

1. Square, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 94

Square, Inc. (NYSE:SQ) is one of the world’s leading financial payments processing platforms, which, like other firms, has also started to make profits from the Bitcoin market. Square, Inc. (NYSE: SQ) is also one of the largest companies in terms of revenue earned through Bitcoin, after it revealed that it had managed to bring in $6.2 billion from the cryptocurrency by the end of the first half of this year.

Square, Inc. (NYSE: SQ) is receiving significant attention from hedge funds, as Insider Monkey’s research reveals that 94 out of 873 funds polled by the end of the second quarter this year had held a stake in the company. The largest of these was Ark Investment Management who held shares worth roughly $2 billion.

Cowen analyst George Mihalos upgraded Square, Inc. (NYSE: SQ) to Outperform and increased the price target to $343 explaining that recent acquisitions would cement its position in the market.

You can also take a peek at the Top 10 Energy Sector Stocks for 2021 and 15 Fastest-Growing Fintech Companies.

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