5 Best Bitcoin Stocks to Buy Now
Number of Hedge Fund Holders: 11
Digital asset tech firm Marathon Digital Holdings, Inc. (NASDAQ: MARA) ranks 5th on the list of best bitcoin stocks to buy now. Formerly known as Marathon Patent Group, Inc., the company was founded in 2010 and is based in Las Vegas, Nevada. The company owns a data center where they concentrate on the blockchain ecosystem and digital assets.
The company has a market cap of $3.6 billion. In 2020, Marathon Digital Holdings, Inc.’s revenue increased 268% to $4.4 million from $1.2 million in 2019. HC Wainwright & Co. retains its buy rating on Marathon Digital Holdings, Inc and raises its price target to $30 on February 8. Shares of MARA surged 8,278.13% over the past twelve months.
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2021
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Marathon Digital Holdings, Inc. (NASDAQ:MARA),
Riot Blockchain, Inc. (NASDAQ:RIOT) and
Canaan Inc. (NASDAQ:CAN) are trading higher amid an increase in the price of Bitcoin.
Bitcoin-related stocks have been extremely volatile recently as the stocks continue to move in sympathy with bitcoin.
Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines. The stock is trading approximately 8.5% higher at $31.19 at the time of publication. The stock has a 52-week high of $57.75 and a 52-week low of $0.41.
Riot Blockchain operates in a single segment of cryptocurrency mining. The stock is trading approximately 4% higher at $41.98. The stock has a 52-week high of $79.50 and a 52-week low of $1.03.
Marathon Digital Holdings, Inc. (NASDAQ:MARA),
Riot Blockchain, Inc. (NASDAQ:RIOT) and
MicroStrategy Incorporated (NASDAQ:MSTR) are trading lower amid a decrease in the price of Bitcoin.
Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines.
The stock was trading approximately 9% lower at $34.35. The stock has a 52-week high of $57.75 and a 52-week low of $0.41.
Riot Blockchain operates in a single segment of cryptocurrency mining.
The stock was trading approximately 9% lower at $39.78 per share. The stock has a 52-week high of $79.50 and a 52-week low of $1.03.
MicroStrategy Incorporated provides enterprise analytics software and services worldwide.
The stock was trading approximately 5% lower at $642.59 per share. The stock has a 52-week high of $1,315 and a 52-week low of $109.64.
These Top Hedge Funds are Buying Coinbase and Other Bitcoin Stocks
In this article we will take a look at the top hedge funds buying Coinbase and other bitcoin stocks. You can skip our comprehensive analysis of the crypto industry and go directly to Hedge Funds are Buying Coinbase and These 5 Bitcoin Stocks
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Hedge funds are loading up on crypto stocks as the market for cryptocurrencies grows into a multi-trillion dollar monster that shows no signs of being tamed. The positive investor sentiment around blockchain, and digital-only currencies in general, seems driven by crypto stock rallies over the past year and the high returns offered to those that have historically backed the rise of the new technology. The price of Bitcoin, a blockchain-based cryptocurrency launched in 2008, soared to over $65,000 last week, although it has pulled back by 15% since.
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