In this article, we will shed light on the 10 Best Crypto-Related Stocks to Invest In.
Heightened volatility and mixed investor sentiment can be seen across the cryptocurrency market, as digital assets decline amid shifting macroeconomic conditions and evolving regulatory dynamics. The total crypto market capitalization declined by 1.8% on November 12, 2025, to $3.57 trillion. On the other hand, Bitcoin declined to below $97,000 on November 14, the first time it had fallen that low. It is down 22% since its all-time high of roughly $126,000 in October.
According to a November 14 Fortune article, Jasper De Maere, a desk strategist at Wintermute, believes the decline is due to macro risk adjustments in response to the Federal Reserve’s more hawkish stance. Now the probability of a December cut has dropped from 70% to around 50%. He said:
“This is clearly triggered by macro risk adjusting on the back of a more hawkish Fed stance and a vacuum in macro data of inflation and jobs. [The] probability of 25 basis points rate cuts in December dropped from 70% only three days ago to around 50% today, leading to a rebalancing of risk.”
At the same time, structural optimism is still visible. Ark Investment Management’s Cathie Wood cut her 2030 Bitcoin price target from $1.5 million to $1.2 million in a November 6 CNBC interview. The revision in price target reflects stablecoins’ capture of payment use cases that she expected Bitcoin to capture.
Moreover, it is seen that crypto-related equities are showing similar trends to digital assets. Strategy’s executive chairman and co-founder, Michael Saylor, appeared on CNBC for an interview on November 14, where he confirmed that the company is buying “quite a lot” of Bitcoin at current levels amid margin pressure shown in mining stocks.
Meanwhile, on November 4, Matt Hougan, while speaking to CNBC, stated that retail crypto investors are in “max desperation” mode and institutional investors remain “even keeled.” This reflects diverging sentiment across investor classes.
Amid this, regulatory tailwinds have also been noted recently. Regulatory clarity is certainly fueling investor confidence, as evidenced by a recent survey by the Alternative Investment Management Association (AIMA) and PwC. According to the findings of the survey, 55% of hedge funds hold some exposure to crypto, which is an increase from 47% in 2024.
With this context in mind, let’s move on to our list of the 10 Best crypto-related stocks to invest in.
Our Methodology
To curate our list of the 10 best crypto-related stocks to invest in, we used financial media, ETFs, and stock screeners to identify stocks related to cryptocurrency mining and those that have exposure to cryptocurrencies. Next, we assessed hedge fund sentiment surrounding these stocks using Insider Monkey’s hedge fund database, which tracks 983 stocks as of Q2 2025. Finally, we present our list of the best crypto-related stocks to invest in ascending order based on the number of hedge funds holding stake in each stock.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. MARA Holdings, Inc. (NASDAQ:MARA)
Number of Hedge Fund Holders: 24
MARA Holdings, Inc. (NASDAQ:MARA) is one of the best crypto-related stocks to invest in.
On November 5, 2025, MARA Holdings, Inc. (NASDAQ:MARA) saw Cantor Fitzgerald reduce its price target from $30 to $21, while reiterating its “Overweight” rating. The price revision follows the company’s finalization of the joint venture with MPLX LP to develop integrated power generation facilities. With this initiative, the company aims to provide long-term access to low-cost natural gas. Furthermore, MARA Holdings expects to deploy on-site compute and power infrastructure, accelerating its shift from liquid cooling to co-locating AI inference compute with Bitcoin mining. Once successfully executed, this initiative could help the company significantly expand its business. However, the deal’s financial impact is not expected until 2027.
Meanwhile, MARA Holdings, Inc. (NASDAQ:MARA) reported its Q3 2025 results on November 4, reporting revenue of $252.4 million, reflecting 92% YoY growth, and net income of $123.1 million. The net income growth was significant compared to Q3 2024, when the company recorded a net loss of $124.8 million. The quarter also saw mining of 2,144 Bitcoin, nearly doubling holdings to 53,000. Key revenue growth drivers included an average Bitcoin price increase of 88%, energy hash rate growth of 64%, and a $343.1 million gain on digital assets.
MARA Holdings, Inc. (NASDAQ:MARA) closed the quarter with over $7 billion in liquid assets, while issuing $1.025 billion in zero-coupon convertible notes. The quarter also marked the integration of AI infrastructure with Bitcoin mining, the installation of inference racks, and the acceleration of planning the MPLX-powered facilities. Furthermore, the company expects to expand its private cloud and HPC capabilities with the pending Excion acquisition.
MARA Holdings, Inc. (NASDAQ:MARA), a U.S.-based digital infrastructure and Bitcoin mining company, integrates AI compute and power solutions with a growing Bitcoin reserve to pursue enterprise HPC ambitions.
9. Hut 8 Corp. (NASDAQ:HUT)
Number of Hedge Fund Holders: 26
Hut 8 Corp. (NASDAQ:HUT) is one of the best crypto-related stocks to invest in.
On November 17, 2025, Hut 8 Corp. (NASDAQ:HUT) announced the sale of its 310-megawatt portfolio of four natural gas plants in Ontario to TransAlta. Before this sale, the company successfully stabilized its assets. Far North, an entity established by Hut 8 and Macquarie Equipment Finance, secured five-year capacity contracts across the 310-megawatt portfolio earlier this year. Following this deal, TransAlta will now own the portfolio.
On November 5, 2025, The Fly reported that Hut 8 Corp. (NASDAQ:HUT)’s price target was raised from $26 to $58 by Northland’s analyst Mike Grondahl, who maintained his “Outperform” rating. The price revision, alongside the bullish stance, reflects the solid quarter for the company’s subsidiary, American Bitcoin (ABTC). Furthermore, the analyst emphasized the need for execution on the HPC side. However, he also cited the company’s 8.7 GW energy capacity pipeline, which includes 1.5 GW under development.
Meanwhile, on November 4, 2025, Hut 8 Corp. (NASDAQ:HUT) reported Q3 2025 results, which marked a 91% YoY revenue growth, helping it record $83.5 million in revenue. Moreover, the company recorded $50.6 million in net income, a significant jump from $0.9 million in the prior year. Thanks to strong Bitcoin mining results and the Compute segment’s performance, the company recorded a surge in adjusted EBITDA, rising from $5.6 million to $109 million. The Compute segment’s revenue surged from $13.7 million to $70 million.
The company closed the quarter with 13,696 Bitcoin holdings, which are equivalent to roughly $1.6 billion. Having liquidity and optionality to support its growth initiatives, Hut 8 Corp. (NASDAQ:HUT)’s energy capacity under development spans 1,530 MW across four U.S. locations. Thus, the company appears to be in a strong position to meet the demand for AI, HPC, and other energy-intensive workloads.
However, the quarter also marked challenges such as declining Power segment revenue, market skepticism about pipeline execution, and competition for power deals. Acknowledging the challenges, the management plans to strategically sequence projects to secure commitments, mitigate supply chain risks, and ensure timely delivery.
Operating integrated Bitcoin mining, compute, and digital infrastructure platforms, Hut 8 Corp. (NASDAQ:HUT) combines energy assets with computing capacity to capitalize on cryptocurrency and emerging high-performance computing demand.
8. IREN Limited (NASDAQ:IREN)
Number of Hedge Fund Holders: 39
IREN Limited (NASDAQ:IREN) is one of the best crypto-related stocks to invest in.
On November 10, 2025, The Fly reported that Canaccord Genuity increased its price target on IREN Limited (NASDAQ:IREN) from $42 to $70, while reiterating a “Buy” rating. The investment firm sees the company’s GPU cloud contract with Microsoft as a key growth driver. It also noted that long GPU lifespans could provide upside beyond current models.
Meanwhile, IREN Limited (NASDAQ:IREN) reported its Q3 2025 results on November 6, 2025. For the quarter, the company recorded $240.3 million in revenue, up 28% sequentially and 355% year-over-year. Adjusted EBITDA came in at $91.7 million, up 3,568% YoY. Once GPU expansion is complete, the Microsoft deal could generate $1.94 billion in annual recurring revenue.
Furthermore, IREN Limited (NASDAQ:IREN) plans to expand from 23,000 GPUs to 140,000 by the end of 2026 as it continues to aggressively scale its GPU infrastructure. Microsoft will partially fund capital expenditures with a 20% upfront prepayment. The company has already secured $400 million in additional funding for the expansion. Its vertically integrated model differentiates the company from others, enabling it to control the full stack from substations to GPUs and reducing its reliance on third-party providers.
IREN Limited (NASDAQ:IREN)’s management reaffirmed that the company’s Horizon platform is designed to support future GPU generations and ensure scalable AI infrastructure. However, several business risks also exist, including higher operating costs, execution challenges related to the Microsoft contract, and the need for additional funding.
IREN Limited (NASDAQ:IREN) leverages its vertically integrated data centers to provide AI cloud computing and GPU infrastructure.