Top Crypto Stocks to Buy Before Bitcoin Halving!
The cryptocurrency industry is abuzz with anticipation as the market gears up for the upcoming Bitcoin Halving event. This significant milestone is expected to drive the crypto market towards a new all-time high (ATH) in the near future. With the impending halving, not only cryptocurrencies but also certain companies in the stock market are poised to experience a substantial uptrend in their portfolios due to their close ties to the crypto industry.
Marathon Digital (MARA)
Marathon Digital, an American digital asset technology company, is deeply involved in cryptocurrency mining. The company’s primary focus is on establishing one of the largest, most sustainable, and efficient Bitcoin mining operations globally. Currently, Marathon Digital (MARA) boasts a stock price of $20.87 and a market cap of $4.14 billion. Moreover, the company holds a significant amount of 16,930 BTCs at the time of writing.
Marathon Digital logo
Block Inc (SQ)
Formerly known as Square, Inc., Block Inc is a US-based company founded by Jack Dorsey and Jim McKelvey in 2009. SQ operates as a financial service and mobile payment company, offering a diverse range of products. With a user base exceeding 56 million and serving over 4 million businesses, Block Inc’s stock price stands at $, with a market cap of $. Notably, the company holds 8,038 Bitcoins valued at over $340 million as of December 31, 2023.
Riot Platforms (RIOT)
Acquired by Tencent in 2011, Riot Platforms focuses primarily on Bitcoin mining and serves as a digital infrastructure firm. Renowned as the largest operator of Bitcoin mining facilities in North America, Riot Platforms is also actively acquiring cryptocurrencies and blockchain-based businesses. As of the latest data, one share of RIOT is priced at $11.40, with a market cap of $2.89 billion. Additionally, the company holds 7,362 Bitcoins valued at over $310 million based on the BTC price on the last trading day of 2023.
Conclusion
As the crypto market braces for the Bitcoin Halving event, investors are eyeing potential opportunities in crypto-related stocks. Companies like Marathon Digital, Block Inc, and Riot Platforms are well-positioned to benefit from the anticipated market upswing. Stay tuned for more updates on the evolving crypto landscape!
