Top Cryptocurrency Investments to Watch in 2023

Saturday 15th of March 2025 06:02:52

Best Bitcoin Stocks to Keep an Eye On: March 13th Edition

As the cryptocurrency market continues to experience volatility, investors are looking for alternative ways to gain exposure to the digital asset class. One way to do this is by investing in companies that are involved in the development and use of blockchain technology, the underlying framework for most cryptocurrencies.

In this edition of "Best Bitcoin Stocks to Keep an Eye On," we'll highlight some of the top-performing bitcoin-related stocks from the past week, along with some key metrics and insights to consider.

  1. MicroStrategy (MSTR)

MicroStrategy is a business intelligence software company that has been a major player in the bitcoin market. In February, the company announced that it had purchased an additional 314 bitcoins, bringing its total holdings to over 91,000 coins. This significant investment in bitcoin has led to a surge in the company's stock price, with MSTR gaining over 10% in the past week.

Key metrics:

  • Market capitalization: $2.5 billion
  • 1-year return: 120%
  • Price-to-earnings ratio: 143.8
  1. Square (SQ)

Square is a payment processing company that has been a major player in the digital payments space. In January, the company announced that it had acquired a 3.9% stake in bitcoin mining company, Block.one. This significant investment in the digital asset class has led to a surge in the company's stock price, with SQ gaining over 5% in the past week.

Key metrics:

  • Market capitalization: $100 billion
  • 1-year return: 70%
  • Price-to-earnings ratio: 84.5
  1. Riot Blockchain (RIOT)

Riot Blockchain is a cryptocurrency-focused mining company that has been a major player in the digital asset space. In February, the company announced that it had mined over 1,100 bitcoins in the past quarter, with a total hash rate of over 2.5 exahashes per second. This significant increase in mining capacity has led to a surge in the company's stock price, with RIOT gaining over 8% in the past week.

Key metrics:

  • Market capitalization: $500 million
  • 1-year return: 150%
  • Price-to-earnings ratio: 20.5
  1. Marathon Patent Group (MARA)

Marathon Patent Group is a cryptocurrency-focused mining company that has been a major player in the digital asset space. In February, the company announced that it had mined over 1,000 bitcoins in the past quarter, with a total hash rate of over 2.5 exahashes per second. This significant increase in mining capacity has led to a surge in the company's stock price, with MARA gaining over 7% in the past week.

Key metrics:

  • Market capitalization: $200 million
  • 1-year return: 100%
  • Price-to-earnings ratio: 15.5

In conclusion, these four companies are some of the best bitcoin stocks to keep an eye on, with significant investments in the digital asset class and strong performance in the past week. As the cryptocurrency market continues to experience volatility, these companies could provide investors with a way to gain exposure to the digital asset class while minimizing their risk.