đ #CryptoStocks : How to Invest in Stocks Linked to the Crypto Universe đ§
If you want to get exposure to the crypto market without directly buying cryptocurrencies, stocks of companies involved in blockchain, mining, and stablecoins are an excellent alternative. Here are some highlighted names:
đč Coinbase (COIN)
With the approval of the GENIUS Act by the Senate â a regulatory milestone for stablecoins â Coinbase's stock rose by up to 17%, reaching around $297. The company leads in stablecoin volume and has just launched Coinbase Payments, a payment system via USDC integrated with Shopify.
đč Circle (CRCL)
Issuer of USDC, Circle experienced a valuation increase of about 16â20% after the approval of the GENIUS Act. Its recent IPO put the company on the radar of the traditional market.
đč MicroStrategy (MSTR)
Known for accumulating Bitcoin on its balance sheet, it launched a preferred stock offering of $1 billion, resulting in a significant expansion of its BTC position (~10,100 new coins, totaling almost 600,000 BTC).
đč Miners & Infrastructure
Companies like Riot Platforms and Marathon Digital are showing an increase of over 200% in 2024 and accelerated capitalization with mining ETFs and the use of AI in data centers.
đč Traditional Infrastructure with Crypto Exposure
Companies like Nvidia (NVDA) continue to grow â about 15â40% gain with GPUs for data centers and mining. Block (formerly Square) invests in its own mining hardware, with innovative chips for decentralization of mining.