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.
7. Strategy Inc (NASDAQ:MSTR)
Number of Hedge Fund Holders: 45
Strategy Inc. (NASDAQ:MSTR) is included in our list of the best crypto-related stocks to invest in.
On November 10, 2025, Strategy Inc. (NASDAQ:MSTR) saw its price target reduced by Mizuho from $586 to $484, while reiterating its “Outperform” rating. The price revision reflects a revision to the valuation model following the company’s Q3 results announcement on October 30.
In the third quarter, Strategy Inc. (NASDAQ:MSTR) reported EPS of $8.42, thanks to operating income of $3.9 billion and net income of $2.8 billion. Having raised $19.8 billion in Bitcoin so far in 2025, the company closed the quarter with 640,808 Bitcoin holdings. The company’s holdings represent over 3% of all Bitcoin in existence. On a year-to-date basis, the company recorded a 26% Bitcoin yield, thanks to fair-value accounting, which added $18 billion to digital asset equity. Total revenue for the quarter reached $128.69 million, up from $116.07 million in Q3 2024. Revenue growth was driven by the strong performance of the company’s Product licenses and Subscription services revenue.
The company’s leading position is bolstered by its strong earnings and capital-raising ability. However, its dependence on Bitcoin price movements and high leverage introduces volatility into its operations. Moreover, Strategy Inc. (NASDAQ:MSTR) may face execution or regulatory challenges in its international expansion and ambitious BTC yield targets.
Management plans to maintain flexibility by funding preferred stock dividends through ATM issuances, equity, Bitcoin derivatives, and market-specific instruments. Additionally, Strategy Inc. (NASDAQ:MSTR) aims to educate banks, insurance companies, and investors on Bitcoin adoption. The management believes institutional acceptance and compliance are key to industry growth.
Strategy Inc. (NASDAQ:MSTR), a U.S.-based technology and investment firm, manages a significant corporate Bitcoin treasury.
6. SoFi Technologies, Inc. (NASDAQ:SOFI)
Number of Hedge Fund Holders: 47
SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the best crypto-related stocks to invest in.
On November 11, 2025, SoFi Technologies, Inc. (NASDAQ:SOFI) announced the launch of SoFi Crypto. The company made itself the first nationally chartered, FDIC-insured bank in the U.S. to launch such a platform. Its SoFi app will directly allow trading of major cryptocurrencies. Additionally, future USD stablecoin integration will be supported by the platform, embedding crypto into lending and infrastructure offerings. The demand for the all-in-one platform is also significant, with 60% of crypto-owning members preferring to use a licensed bank.
Meanwhile, on October 30, UBS raised its price target on SoFi Technologies, Inc. (NASDAQ:SOFI) from $20.50 to $27.50, while reiterating a “Neutral” rating. The price target increase followed the company’s Q3 results announcement on October 28.
In the second quarter, SoFi Technologies, Inc. (NASDAQ:SOFI) reported a 38% YoY revenue growth, taking it to $950 million. Furthermore, $277 million was recorded in adjusted EBITDA, a roughly 50% YoY increase. Total loan originations rose by $1.2 billion QoQ to $9.9 billion. Fee-based revenue growth of 50% to $409 million was a key revenue driver. Thanks to an equity raise and debt reduction, tangible book value increased to $7.2 billion. As a result of the strong performance, the management raised full-year guidance for revenue, EBITDA, and EPS. Strong member growth and capital-light business momentum are expected to drive future growth.
SoFi Technologies, Inc. (NASDAQ:SOFI), a U.S.-based fintech and banking platform, offers crypto services, alongside loans, deposits, and investments.
5. Riot Platforms, Inc. (NASDAQ:RIOT)
Number of Hedge Fund Holders: 48
Riot Platforms, Inc. (NASDAQ:RIOT) is included in our list of the best crypto-related stocks to invest in.
On November 5, 2025, The Fly reported that Riot Platforms, Inc. (NASDAQ:RIOT) had its price target reduced from $26 to $25 by Cantor Fitzgerald, with the rating reiteration to “Overweight.” The investment firm cited reduced Bitcoin mining in October, which fell from 445 Bitcoin (14.8 Bitcoin per day) in September to 437 Bitcoin (14.1 Bitcoin per day). Furthermore, the firm cited the absence of any update to the company’s AI/HPC ambitions in its Q3 earnings release.
Earlier, on October 30, 2025, Riot Platforms, Inc. (NASDAQ:RIOT) released its Q3 earnings report. Revenue reached $180.2 million, up 18% sequentially. Revenue growth was driven by a $93.3 million increase in Bitcoin Mining revenue. Furthermore, the company gained analyst confidence with its engineering-driven growth and early development at its Corsicana facility. These factors position the company to capture high-performance computing (HPC) and AI workloads. In particular, the company’s 700-megawatt Rockdale site, which remains an attractive high-performance computing opportunity, caught analysts’ attention.
At the same time, the quarter reported adjusted EBITDA of $197.2 million, net income of $104.5 million, and diluted EPS of $0.26. The company closed the quarter with 19,287 Bitcoin valued at $2.2 billion and sufficient cash to support its data center expansion plans.
The quarter also marked strategic execution across both Corsicana and its 700-megawatt Rockdale site. Meanwhile, core and shell construction is expected to de-risk projects and provide power availability to potential tenants. The management also highlighted ongoing evaluations of additional power capacity to expand the company’s portfolio beyond existing facilities. Thus, Riot Platforms, Inc. (NASDAQ:RIOT) is well-positioned within co-location and hyperscaler hosting markets.
Riot Platforms, Inc. (NASDAQ:RIOT) is focused on cryptocurrency mining operations and high-performance computing data centers.
4. Block, Inc. (NYSE:XYZ)
Number of Hedge Fund Holders: 79
Block, Inc. (NYSE:XYZ) is one of the best crypto-related stocks to invest in.
On November 17, 2025, William Blair’s Andrew Jeffrey reiterated his “Buy” rating on Block, Inc. (NYSE:XYZ). The bullish stance reflects the company’s strong performance in the third quarter. The analyst cited the company’s strong segment performance and expects the positive trajectory to continue. Furthermore, the analyst cited fourth-quarter guidance, which suggests further acceleration. Looking ahead, Jeffrey remains confident in the company’s growth potential, highlighting its strategic focus on consumer liquidity.
Meanwhile, on November 6, 2025, Block, Inc. (NYSE:XYZ) reported its Q3 2025 results. The quarter marked significant volume growth, thanks to revenue acceleration in Cash App and Square. During the quarter, adjusted EBITDA margin remained stable, with operational efficiency gains offsetting incremental investments. Amid broader macroeconomic headwinds, the quarter saw the company showcasing its ability to scale its platform while maintaining momentum across multiple business lines.
Block, Inc. (NYSE:XYZ) saw its total revenue increase by 2.3% from $5.98 billion in Q3 2024 to $6.11 billion. However, its Bitcoin revenue declined 19.03% from $2.43 billion in Q3 2024 to $1.97 billion, which limited overall revenue growth. All other revenue segments recorded positive changes during the quarter. Adjusted diluted net income per share came to be $0.54, compared to $0.53 in Q3 2024.
With its Square point-of-sale systems and Cash App ecosystem, Block, Inc. (NYSE:XYZ) delivers digital payment solutions. It also offers Bitcoin products, self-custody infrastructure, and developer tools for decentralized financial systems.
3. Robinhood Markets, Inc. (NASDAQ:HOOD)
Number of Hedge Fund Holders: 85
Robinhood Markets, Inc. (NASDAQ:HOOD) is included in our list of the best crypto-related stocks to invest in.
On November 13, 2025, Citizens reiterated its “Market Outperform” rating on Robinhood Markets, Inc. (NASDAQ:HOOD) with a $180 price target. The investment firm believes the transition from CFO Jason Warnick to the new CFO Shiv Verma will maintain the company’s “high-integrity foundation.” Citizens also highlighted the company’s operating system design. The design allows multiple growth engines to scale in parallel while balancing innovation and operational efficiency, reinforcing analyst confidence.
Meanwhile, Robinhood Markets, Inc. (NASDAQ:HOOD) reported its third-quarter results on November 5, 2025. The quarter saw revenue double to $1.27 billion (+100% YoY), net deposits surpass $20 billion, and Gold subscriptions rise to 3.9 million, a 77% increase. In particular, prediction markets and Bitstamp exceeded $100 million annualized revenue and trading volumes across equities, options, and crypto set new records. Average revenue per user jumped 82% YoY to $191.
However, Robinhood Markets, Inc. (NASDAQ:HOOD) experienced challenges during the quarter, which included $639 million in operating expenses, up 31%. Challenges also include AWS-related outages that impacted performance and the early-stage rollout of Robinhood Banking.
With its multi-asset platform, Robinhood Markets, Inc. (NASDAQ:HOOD) offers equities, options, crypto, prediction markets, and subscription services.
2. Coinbase Global, Inc. (NASDAQ:COIN)
Number of Hedge Fund Holders: 87
Coinbase Global, Inc. (NASDAQ:COIN) is one of the best crypto-related stocks to invest in.
On November 17, 2025, Bernstein’s Gautam Chhugani maintained his “Buy” rating on Coinbase Global, Inc. (NASDAQ:COIN) with a $510 price target.
Earlier, on November 10, 2025, The Fly reported that Monness Crespi upgraded Coinbase Global, Inc. (NASDAQ:COIN) from “Neutral” to “Buy” with a $375 price target. The firm raised its 2026 estimates while keeping 2025 estimates unchanged. The firm’s bullish stance stems from strong real-world momentum around stablecoin utility. Monness Crespi expects further developments at the December 17 product event. The firm also cited the growing relevance of tokenized equity discussions ahead of potential SEC commentary.
Meanwhile, on November 12, 2025, Coinbase Global, Inc. (NASDAQ:COIN) announced that it will not continue with its takeover discussions with U.K.-based stablecoin firm BVNK. The $2 billion deal had already reached the due diligence stage. The Coinbase spokesperson said, “We’re continuously seeking opportunities to expand on our mission and product offerings. After discussing a potential acquisition of BVNK, both parties mutually agreed not to move forward.”
Previously, Coinbase Global, Inc. (NASDAQ:COIN) announced its Q3 2025 results on October 30. The company’s revenue hit $1.9 billion, net income reached $433 million, and adjusted EBITDA stood at $801 million. Meanwhile, the company expanded from 300 to 40,000 supported assets through DEX integrations. Derivatives activity, on the other hand, grew significantly, generating $840 million in trading volume following the Deribit acquisition. Additionally, the quarter marked substantial stablecoin adoption, with USDC’s market cap reaching $74 billion.
Coinbase Global, Inc. (NASDAQ:COIN), a digital asset platform, offers spot trading, derivatives, stablecoin services, custody, and institutional solutions.
1. PayPal Holdings, Inc. (NASDAQ:PYPL)
Number of Hedge Fund Holders: 89
PayPal Holdings, Inc. (NASDAQ:PYPL) is included in our list of the 10 best crypto-related stocks to invest in.
PayPal Holdings, Inc. (NASDAQ:PYPL) saw its share price decline by roughly 15% between its Q3 results announcement on October 28 and November 17. In contrast, the S&P 500 has declined around 3% in the same period.
Meanwhile, Iris Gao from DBS reiterated a “Hold” rating on the company’s stock with a $70 price target on November 12.
The same day, PayPal Holdings, Inc. (NASDAQ:PYPL) announced its plans to relaunch itself in the United Kingdom. With this relaunch, it will restore debit cards with no global transaction fees, reinstate credit cards, and revive its PayPal+ loyalty program. By reopening one of its most important European markets, the company appears to be regaining momentum across consumer payments.
PayPal Holdings, Inc. (NASDAQ:PYPL) announced its third-quarter 2025 results on October 28, 2025. Net revenue rose 7% to $8.4 billion, thanks to the company’s focus on profitable growth, acquisition of new customers, and deepening of engagements across its existing base. Total payment volume grew 8% to $458.1 billion, helping the company record non-GAAP EPS of $1.34, up 12%.
PayPal Holdings, Inc. (NASDAQ:PYPL) offers digital payments, BNPL, branded checkout, Venmo, and merchant services. The company also enables crypto trading and has its own stablecoin, PYUSD.
While we acknowledge the potential of PYPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PYPL and that has 100x upside potential, check out our report about this cheapest AI stock.
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