5 Crypto Stocks Billionaires Are Loading Up On

In this piece, we will take a look at five crypto stocks billionaires are loading up on. For more stocks, head on over to 10 Crypto Stocks Billionaires Are Loading Up On.

5. Riot Platforms, Inc. (NASDAQ:RIOT)

Number of Billionaire Investors In Q1 2023: 5

Riot Platforms Inc. (NASDAQ:RIOT) is an American firm headquartered in Castle Rock, Colorado. It is a diversified technology company that provides hosting services for large scale Bitcoin mining companies.

17 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Riot Platforms Inc. (NASDAQ:RIOT) during this year’s first quarter. Out of these, the firm’s largest shareholder is Paul Marshall and Ian Wace’s Marshall Wace LLP which owns two million shares that are worth $20 million.

4. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Billionaire Investors In Q1 2023: 8

Coinbase Global, Inc. (NASDAQ:COIN) is one of the largest cryptocurrency platforms in the world. It is headquartered in Wilmington, Delaware. It provides a cryptocurrency trading platform as well as accounts for their money. Coinbase Global, Inc. (NASDAQ:COIN) was set up in 2012.

Insider Monkey’s first quarter of 2023 survey covering 943 hedge funds revealed that 28 had bought and invested in the firm. Coinbase Global, Inc. (NASDAQ:COIN)’s largest hedge fund investor is Catherine D. Wood’s ARK Investment Management with a $795 million investment.

3. Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Number of Billionaire Investors In Q1 2023: 11

Interactive Brokers Group, Inc. (NASDAQ:IBKR) is a broker operating out of Greenwich, Connecticut. The firm supports a diverse set of assets which includes cryptocurrency, and it also provides services to institutional investors such as hedge funds.

After digging through 943 hedge funds for their March quarter of 2023, Insider Monkey discovered that 44 had held a stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR). The firm’s largest investor is William B. Gray’s Orbis Investment Management with a $591 million investment.

2. CME Group Inc. (NASDAQ:CME)

Number of Billionaire Investors In Q1 2023: 17

CME Group Inc. (NASDAQ:CME) is one of the largest trading platforms in the world. Known for operating the Chicago Mercantile Exchange, it became one of the first major market players to offer Bitcoin futures. CME Group Inc. (NASDAQ:CME) is headquartered in Chicago, Illinois, and it was set up in 1898.

55 of the 943 hedge funds part of Insider Monkey’s database had bought the firm’s shares as of March 2023. Out of these, the largest hedge fund investor is Guardian Capital’s GuardCap Asset Management with a $776 million stake that comes via four million shares.

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Billionaire Investors In Q1 2023: 22

Any mention of the cryptocurrency scene without NVIDIA Corporation (NASDAQ:NVDA) is incomplete. While we’ve refrained from including mainstream firms in our list, NVIDIA’s GPUs sit at the heart of Bitcoin mining.

As of Q1 2023, 132 hedge funds part of the 943 hedge funds part of Insider Monkey’s database had held a stake in NVIDIA Corporation (NASDAQ:NVDA). Its largest shareholder is Ken Fisher’s Fisher Asset Management with a $2.7 billion investment.

Disclosure: None. You can also take a look at 10 Most Undervalued Hong Kong Stocks To Buy and 20 Biggest Shipping Companies In The World.

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