The cryptocurrency market has once again captured the attention of investors worldwide. After Bitcoin plummeted from a peak above $64,000 in mid-April to around $30,000 by late May 2025, it swiftly rebounded to $40,000—only to settle into a volatile range between $30,000 and $40,000. This turbulence, while unsettling for some, has reignited excitement among retail investors reminiscent of the 2017 crypto surge.
But beyond direct ownership of digital assets, savvy investors are increasingly turning to cryptocurrency stocks—publicly traded companies that either invest in Bitcoin, integrate blockchain technology, or benefit from the broader crypto ecosystem. These stocks offer exposure to the growth potential of digital currencies without the full brunt of their volatility.
Driven by accelerated digital transformation during recent global shifts, industries ranging from finance to tech are embracing blockchain and crypto-based innovations. From payment platforms enabling Bitcoin transactions to semiconductor makers powering mining rigs, a new wave of revenue streams is emerging.
Below are eight leading cryptocurrency stocks and one investment vehicle positioned to thrive in the next phase of the Bitcoin boom.
PayPal Holdings (PYPL)
Market Value: $333.5 billion
Earnings Growth (YoY): 1,206%
Profit Margin: 22.8%
Return on Equity (TTM): 29.4%
PayPal made headlines in late 2020 by launching a feature allowing users to buy, hold, and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin directly through its platform. Within just one month, a Mizuho Securities survey revealed that 17% of users had already engaged with the service.
With over 392 million active accounts, even modest adoption translates into millions of new crypto holders—amplifying Bitcoin’s utility through the powerful network effect. Every transaction involving crypto incurs a fee, creating a sustainable new revenue stream for PayPal.
In Q1 2025, the company reported a 29% year-over-year increase in revenue and a staggering 50% jump in total payment volume, with crypto integration cited as a key driver. CEO Dan Schulman noted strong momentum in their crypto initiatives.
Wall Street analysts project 24.1% annual earnings growth over the next three to five years, backing this optimism with a consensus Buy rating.
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Square (SQ)
Market Value: $108.7 billion
Profit Margin: 2.7%
Return on Equity: 17.4%
Square, now known as Block, Inc., has long been a pioneer in democratizing access to Bitcoin via its Cash App. The platform allows users to buy, store, and even auto-invest in Bitcoin using dollar-cost averaging—a strategy that reduces risk in volatile markets.
Beyond consumer access, Square took a bold corporate stance by purchasing 4,709 bitcoins for $50 million**, representing 1% of its total assets at the time. It later added another **$170 million in Bitcoin investments, signaling long-term confidence.
In the most recent quarter, Cash App generated $3.5 billion in bitcoin-related revenue**, yielding $75 million in gross profit—an almost 11-fold increase year-over-year**.
While Square emphasizes it doesn’t speculate but rather facilitates customer demand, its strategic positioning makes it one of the most influential players in the retail crypto space.
JPMorgan Chase (JPM)
Market Value: $457.5 billion
Earnings Growth (YoY): 399.1%
Profit Margin: 34.2%
Return on Equity: 15.0%
Once famously skeptical—CEO Jamie Dimon once called Bitcoin a "fraud"—JPMorgan has evolved its stance significantly. While still cautious about direct crypto speculation, the bank is all-in on blockchain innovation.
It launched JPM Coin, a private digital token used to streamline global payments across its institutional network. Built on blockchain, JPM Coin reduces settlement times from days to hours by minimizing intermediaries.
More recently, JPMorgan began offering clients access to cryptocurrencies through an actively managed Bitcoin fund, catering to institutional investors seeking regulated exposure.
Despite its complex relationship with public cryptocurrencies, JPMorgan’s embrace of blockchain infrastructure underscores its belief in the technology’s long-term value.
Investors also benefit from a 2.4% dividend yield, making it one of the few high-dividend options among crypto-adjacent stocks.
Nvidia (NVDA)
Market Value: $474.9 billion
Earnings Growth (YoY): 108.5%
Profit Margin: 27.7%
Return on Equity: 33.4%
Nvidia exemplifies the “picks and shovels” approach to the crypto gold rush. Its high-performance GPUs are essential for cryptocurrency mining—especially Ethereum prior to its shift to proof-of-stake.
Even as mining dynamics change, Nvidia responded with specialized hardware like the GeForce RTX 3060, optimized for efficient mining operations. At peak efficiency, such cards can generate up to $3 per day in profits, which adds up across large-scale mining farms.
In fiscal Q1 2025, Nvidia reported $155 million in crypto-related GPU sales**, forecasting growth to **$400 million in Q2—a clear indicator of rising demand amid renewed mining interest.
While gaming and AI remain core drivers, crypto continues to contribute meaningfully to revenue growth.
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Advanced Micro Devices (AMD)
Market Value: $101.8 billion
Earnings Growth (YoY): 242.6%
Profit Margin: 25.2%
Return on Equity: 60.6%
Like Nvidia, AMD produces processors widely used in cryptocurrency mining rigs. Though its stock cooled slightly after a strong 2024 run, analysts still project long-term earnings growth of 27.4%, supported by diversified demand across computing, data centers, and gaming.
AMD’s acquisition of Xilinx strengthened its position in high-performance computing—a critical area for blockchain applications and decentralized networks.
With 93% year-over-year revenue growth in Q1 2025, AMD remains well-positioned to capitalize on any resurgence in mining activity or broader adoption of decentralized technologies.
S&P Global Market Intelligence shows strong analyst sentiment: 16 Strong Buy, 7 Buy ratings, reflecting confidence in its strategic trajectory.
MicroStrategy (MSTR)
Market Value: $5.4 billion
Profit Margin: -24.0%
Return on Equity: -28.6%
MicroStrategy stands out as one of the most aggressive corporate adopters of Bitcoin. Under CEO Michael Saylor’s leadership, the company has replaced much of its cash reserves with nearly $3 billion worth of Bitcoin**, purchased at an average cost of around **$26,000 per coin.
Despite negative margins and high leverage through convertible debt, MSTR offers leveraged exposure to Bitcoin’s price movements—making it a speculative favorite among crypto bulls.
The company promotes Bitcoin education through hope.com, a resource hub run by Saylor himself. Even board members now receive compensation in Bitcoin.
While risky, MicroStrategy’s all-in bet reflects a growing trend: corporations treating Bitcoin as a long-term store of value.
Coinbase Global (COIN)
Market Value: $59.2 billion
Earnings Growth (YoY): 2,313%
Profit Margin: 36.8%
Return on Equity: 54.2%
As one of the largest U.S.-based cryptocurrency exchanges, Coinbase operates like a digital brokerage, connecting buyers and sellers while earning fees on every trade.
After a turbulent debut following its direct listing in April 2025—with shares opening at $381 before settling lower—Coinbase remains highly profitable and operationally sound.
Recent developments like Coinbase Prime, tailored for institutional investors, integrate trading, custody, and analytics into a single suite—positioning COIN as a central hub for professional-grade crypto services.
With retail investors returning during market dips ("buy the dip" mentality), trading volumes rise—directly boosting Coinbase’s bottom line.
Goldman Sachs and J.P. Morgan Securities maintain bullish outlooks on the stock.
Grayscale Bitcoin Trust (GBTC)
Assets Under Management: $21.9 billion
Expense Ratio: 2.0%
For investors who want Bitcoin exposure within traditional brokerage accounts, Grayscale Bitcoin Trust (GBTC) remains one of the few accessible options—despite not being an official ETF.
Shares track the price of Bitcoin held in trust but trade over-the-counter, often at premiums or discounts to net asset value (NAV). As of May 2025, GBTC traded at a 12.8% discount, offering potential value for cost-conscious investors.
However, if a true Bitcoin ETF is approved by regulators, GBTC could face significant competition due to its higher fees and structural inefficiencies.
Still, Grayscale has indicated plans to convert to an ETF structure when legally permitted—keeping it relevant in evolving regulatory landscapes.
Frequently Asked Questions
Q: Are cryptocurrency stocks safer than buying Bitcoin directly?
A: Generally yes. These stocks are tied to real businesses with diversified revenue streams, reducing exposure to pure crypto volatility while still offering upside from digital asset adoption.
Q: Which company holds the most Bitcoin?
A: MicroStrategy holds the largest corporate stash—nearly $3 billion worth—as part of its treasury strategy.
Q: Can I get exposure to Bitcoin through my regular brokerage?
A: Yes—via Grayscale Bitcoin Trust (GBTC) or stocks like PayPal and Coinbase that offer integrated crypto services.
Q: What is the “picks and shovels” strategy in crypto investing?
A: It refers to investing in companies that provide tools (like GPUs or software) used by miners and developers—rather than speculating on coins themselves.
Q: Why are Nvidia and AMD considered crypto stocks?
A: Their graphics processors power mining operations and decentralized computing networks—making them indirect beneficiaries of increased crypto activity.
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