June saw significant interest in digital currency stocks, supported by the rise in Bitcoin price to $105,438.72, boosting investor confidence in companies linked to this sector. Among the prominent stocks:
1. MARA Holdings Inc:
- The stock price rose to $14.32, with a market capitalization of $5.10 billion.
- Mining productivity increased by 35% in May, owning more than 49,000 Bitcoins.
- Faces volatility due to regulatory changes and market pressures, but its investments in energy-efficient mining enhance its future prospects.
2. Coinbase Global Inc (COIN):
- The stock price jumped to $306.35, up 28.99% in a week, supported by its partnership with Shopify to accept Bitcoin as a payment method.
- Its market capitalization reached $76.93 billion, with trading volume rising to 14.23 million shares daily.
- Aiming to enhance the legal regulation of digital currencies in the United States, which may boost its growth.
3. Riot Platforms Inc (RIOT):
- The stock traded at $9.56, with Bitcoin production increasing by 1% in May.
- Benefits from a $200 million credit line with Coinbase, supporting mining operations in Texas.
- Shows stability in performance with potential growth if Bitcoin prices continue to rise.
Summary:
With the recovery of Bitcoin and increased demand for digital assets, MARA, Coinbase, and Riot emerge as promising investment options in June, despite regulatory challenges and market volatility.