In this article, we will take a detailed look at the 10 Best Performing Crypto Stocks So Far in 2025.
Cryptocurrency prices have staged a powerful comeback in 2025. In early April, when President Donald Trump announced massive tariffs, the crypto market looked ready to sink. Bitcoin, the original and most valuable cryptocurrency, declined by 500 basis points (bps) on the day of the tariff announcement. But the situation subsided quickly, a recovery that analysts at VanEck attribute to “a strengthening sovereign asset narrative, continued expansion of Bitcoin investment products, and renewed risk appetite following pauses in tariff escalation.”
The month of July alone has seen Bitcoin, and by extension, the entire crypto market, hit record valuations several times. On July 14, Bitcoin crossed the $123,000 barrier, and the crypto market’s capitalization surpassed the $3.7 trillion top established back in December 2024. According to CoinShares, total crypto investment product inflows reached $1.9 billion in just the week between July 20 and July 27. This brought the month-to-date inflows to a record $11.2 billion (such huge month-to-date inflows were last seen in December 2024 ($7.6 billion) when Americans elected Donald Trump).
And crypto-related equities are responding positively to the resurgence. The MVIS Global Digital Assets Equity Index (MVDAPP), which tracks companies with significant crypto exposure, is up 19.67% year-to-date through July, far outpacing the S&P 500’s 8.18% gain over the same period.
Several crypto-linked stocks have delivered triple-digit gains so far in 2025, with many others close behind. In the following analysis, we highlight 10 of the year’s best performers, ranked by year-to-date returns.
Our Methodology
To compile the list of the 10 Best Performing Crypto Stocks So Far in 2025, we used stock screeners, crypto-focused ETFs, and financial media reports to identify publicly traded companies with meaningful exposure to digital assets. We focused on stocks that had posted significant year-to-date returns as of July 31, 2025. We also considered hedge fund sentiment, using Q1 2025 holdings data from Insider Monkey’s database, to assess institutional interest in each stock. The final list is ranked in ascending order based on year-to-date returns.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Best Performing Crypto Stocks So Far in 2025
10. Cipher Mining Inc. (NASDAQ:CIFR)
Year-To-Date Returns: 17.46%
Number of Hedge Fund Holders: 21
Cipher Mining Inc. (NASDAQ:CIFR) is one of the best performing crypto stocks so far in 2025. On July 22, the company announced via an SEC filing that it ended its Board Observer Agreement with the Bitfury Investors. Bitfury Investors is the collective name for Bitfury Top HoldCo B.V. and Bitfury Holding B.V.
Cipher and the Bitfury Investors entered the original agreement on April 8, 2022. The deal gave the latter the right to designate a non-voting observer to Cipher Mining’s board of directors and its committees. This observer could attend and participate in board meetings and discussions, but did not have voting rights. Furthermore, the observer rights would automatically expire if Bitfury Investors’ stake dropped below 10% of Cipher Mining’s outstanding shares.
However, since the agreement’s inception, Bitfury Investors had neither designated an observer nor exercised the information rights granted to them. As such, the parties entered into a mutual termination agreement, effective on July 22, 2025.
Cipher Mining Inc. (NASDAQ:CIFR) is a bitcoin mining company. It develops and operates industrial-scale data centers for cryptocurrency mining and high-performance computing (HPC) hosting. The company’s primary facilities include the Odessa and Black Pearl sites in Texas. Cipher Mining’s main product is bitcoin, generated through proprietary mining rigs and strategic joint ventures.
9. CME Group Inc. (NASDAQ:CME)
Year-To-Date Returns: 19.60%
Number of Hedge Fund Holders: 73
CME Group Inc. (NASDAQ:CME) is one of the best performing crypto stocks so far in 2025. On July 24, UBS downgraded CME Group stock from “Buy” to “Neutral” and maintained its price target at $305. Analyst Alex Kramm stated that the downgrade is due to “tough comps ahead.”
UBS also cited a recent slowdown in trading activity as a primary reason for the downgrade. “Geopolitical uncertainty has helped drive volumes and the stock higher over the past year, but activity has started to slow recently, down 13% year-over-year in June so far, while comps are getting tougher,” stated Kramm.
Despite acknowledging structural growth drivers like increased retail trading, UBS expressed skepticism about significant short-term gains. The bank also reduced its earnings projections, forecasting earnings per share (EPS) for Q3 2025 at 9% below consensus estimates and 2% below for the full fiscal year 2025.
CME Group Inc. (NASDAQ:CME) is a global derivatives marketplace. It offers regulated cryptocurrency futures and options contracts, including products tied to Bitcoin, Ether, Solana, and XRP. The company also provides standardized reference rates and real-time indices for over 20 cryptocurrencies through its partnership with CF Benchmarks. CME Group’s primary crypto-related services include trading, clearing, and data solutions for institutional clients seeking exposure to digital assets.
8. CleanSpark, Inc. (NASDAQ:CLSK)
Year-To-Date Returns: 24.00%
Number of Hedge Fund Holders: 23
CleanSpark, Inc. (NASDAQ:CLSK) is one of the best performing crypto stocks so far in 2025. On July 28, Ladenburg Thalmann began coverage on CleanSpark Inc. with a Buy rating and a $20.25 price target.
The firm highlighted CleanSpark’s anticipated hashrate expansion beyond 60 EH/s by fiscal 2026 as a major growth driver, alongside its 89.47% revenue surge over the past year, rising Bitcoin holdings, and increasing presence in crypto mining. They also noted the stock’s volatility, reflected in its 4.25 beta.
Looking ahead, Ladenburg expects CleanSpark to generate $1.14 billion in revenue and $521 million in adjusted EBITDA by 2026, backing its optimistic valuation. The report emphasizes the company’s strengthening market position and argues that its stock should be valued in line with peers showing similar earnings growth potential.
CleanSpark, Inc. (NASDAQ:CLSK) is a bitcoin mining company. It develops and operates data centers across the United States that support cryptocurrency mining and high-performance computing (HPC) workloads. The company’s primary facilities include sites in Georgia, Tennessee, and Wyoming. CleanSpark’s main product is bitcoin, generated through proprietary mining infrastructure and immersion-cooled rigs.
7. Galaxy Digital (NASDAQ:GLXY)
Year-To-Date Returns: 26.75%
Number of Hedge Fund Holders: N/A
Galaxy Digital (NASDAQ:GLXY) is one of the best performing crypto stocks so far in 2025. On July 29, Galaxy Digital Inc. officially named Doug Deason, president of Deason Capital Services, as an independent director on its Board of Directors. The appointment took effect immediately.
With this appointment, Galaxy Digital’s Board now has seven directors, up from six. Deason will serve until the company’s 2026 annual meeting of stockholders or until a successor is elected and qualified. The new director will also be a member of Galaxy Digital’s Nominating and Corporate Governance Committee.
Deason is the president of Deason Capital Services, LLC, a private investment firm, a role he has held since 2011. From 1993 to 2009, he served as the Chief Executive Officer (CEO) of Precept Builders, Inc., a commercial construction company. He previously acted as CEO of Precept Business Services, a Nasdaq-listed firm, and co-managed Evergreen Realty Partners, a Dallas-based multifamily development firm.
Deason currently holds board positions at private companies, including Great American Media (as Chairman), Ryan, LLC, and Park Cities Financial Group, the parent company of Dallas Capital Bank.
Galaxy Digital (NASDAQ:GLXY) is a diversified financial services and digital asset company. It provides trading, asset management, investment banking, and custody solutions for cryptocurrencies and blockchain-based assets. The company also operates one of the largest over-the-counter crypto derivatives desks and manages data center infrastructure for high-performance computing and bitcoin mining. Galaxy Digital’s main crypto-related services include institutional trading, staking, venture investing, and tokenization.
6. WisdomTree, Inc. (NYSE:WT)
Year-To-Date Returns: 27.24%
Number of Hedge Fund Holders: 34
WisdomTree, Inc. (NYSE:WT) is one of the best performing crypto stocks so far in 2025. On July 22, Oppenheimer raised its price target for WisdomTree from $12.00 to $15.00, while maintaining an “Outperform” rating on the stock.
Oppenheimer made the adjustment in view of WisdomTree’s robust performance over the past three months, marked by significant inflows. The company has reported 69 months of inflows out of the last 106 since assets under management bottomed out in 2016. The investment bank attributes its confidence in WisdomTree’s growth to this consistent pattern of positive inflows across various macroeconomic conditions.
WisdomTree, Inc. (NYSE:WT) is a financial services company. It offers exchange-traded products (ETPs), model portfolios, and digital asset solutions, including tokenized funds and blockchain-native investment platforms. The company’s crypto-related offerings include the WisdomTree Bitcoin Fund (BTCW), which provides direct exposure to bitcoin, and WisdomTree Prime, a digital wallet for tokenized assets.
5. Riot Platforms, Inc. (NASDAQ:RIOT)
Year-To-Date Returns: 32.42%
Number of Hedge Fund Holders: 35
Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best performing crypto stocks so far in 2025. On July 28, JPMorgan downgraded Riot Platforms’ stock rating to “Neutral” from “Overweight.” Concurrently, the firm raised its price target for RIOT shares to $15.00, up from the previous target of $14.00.
Riot Platforms saw its shares surge 42%, outpacing both Bitcoin and the CoinShares Bitcoin Mining ETF, which each rose 20%. Despite this strong performance, JPMorgan downgraded the stock, citing its valuation as “a little stretched” and suggesting further gains would hinge on either a high-performance computing (HPC) deal or continued appreciation in Bitcoin prices.
While JPMorgan acknowledged Riot’s potential to expand into HPC services and diversify its revenue beyond crypto mining, the uncertain timeline for such a move prompted a more cautious outlook. Still, the firm nudged its price target slightly higher.
Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company. It develops and operates large-scale data centers for high-performance computing and cryptocurrency mining, with flagship sites in Rockdale and Corsicana, Texas. Riot follows a vertically integrated strategy, combining mining operations with in-house engineering and power procurement capabilities. Riot’s main product is bitcoin, generated through proprietary mining rigs and strategic infrastructure investments.
4. Strategy Incorporated (NASDAQ:MSTR)
Year-To-Date Returns: 36.40%
Number of Hedge Fund Holders: 33
Strategy Incorporated (NASDAQ:MSTR) is one of the best performing crypto stocks so far in 2025. On July 29, Strategy announced it had raised $2.521 billion through an IPO by selling over 28 million shares of its preferred stock at $90 each. The company used most of the money—about $2.474 billion—to buy 21,021 Bitcoins at an average price of $117,256 each.
This was the biggest U.S. IPO of 2025 and the largest offering of its kind since 2009. Due to strong interest from investors, the offering was increased from its original target of $500 million. The stock began trading on the Nasdaq Global Select Market on July 30; it will be listed under the ticker symbol “STRC.”
Strategy’s acquisition of additional Bitcoin brings the total holdings to 628,791 BTC as of July 29, 2025. This brings the aggregate acquisition cost to around $46.8 billion, with an average purchase price of $73,227 per token, inclusive of fees and expenses.
Strategy Incorporated (NASDAQ:MSTR) is a bitcoin treasury and software company. It holds the largest corporate bitcoin reserve globally, with over 628,000 BTC acquired through equity offerings, debt instruments, and operational cash flows. The company’s primary business model centers on accumulating bitcoin as a long-term store of value and offering investors exposure through various securities.
3. Coinbase Global, Inc. (NASDAQ:COIN)
Year-To-Date Returns: 52.03%
Number of Hedge Fund Holders: 66
Coinbase Global, Inc. (NASDAQ:COIN) is one of the best performing crypto stocks so far in 2025. On July 30, the company announced a collaboration with JPMorgan Chase to facilitate easier access to cryptocurrency for its customers. Customers will be able to use Chase credit cards to fund their Coinbase crypto wallets and buy cryptocurrency starting in fall 2025.
In other words, this partnership enables the direct linking of Chase bank accounts to Coinbase wallets. This feature is expected to go live in 2026. In addition to credit card funding, starting in 2026, Chase customers will be able to convert Chase Ultimate Rewards points into USDC, a stablecoin pegged to the U.S. dollar, to use in crypto transactions on Coinbase. This marks the first time a major credit card rewards program can be redeemed for cryptocurrency.
The integration emphasizes improved security, privacy, and compliance. It leverages JPMorgan’s infrastructure for identity verification, transaction monitoring, and anti-money laundering controls, bypassing traditional third-party data aggregators.
Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange and infrastructure company. It facilitates the buying, selling, staking, and custody of digital assets for retail and institutional clients across more than 100 countries. The company’s core platform supports trading in bitcoin, ether, and other cryptocurrencies, while its custody division serves as the primary custodian for several major bitcoin ETFs.
2. IREN Limited (NASDAQ:IREN)
Year-To-Date Returns: 64.36%
Number of Hedge Fund Holders: 28
IREN Limited (NASDAQ:IREN) is one of the best performing crypto stocks so far in 2025. On July 28, JPMorgan downgraded IREN’s stock rating from “Overweight” to “Neutral,” while raising its price target from $12.00 to $16.00.
Iris Energy (IREN) stock has jumped nearly 80%, far ahead of Bitcoin and the WGMI Bitcoin Mining ETF, which each rose about 20%. The company also posted strong year-to-date returns and high profit margins, but JPMorgan sees the current valuation as possibly overheated, suggesting further gains would require either a high-performance computing (HPC) deal or a rise in Bitcoin prices.
While Iris shows potential to expand into HPC services, JPMorgan highlighted uncertainty around the timing of such a deal. Still, the bank raised its price target to $16 from $12, demonstrating confidence in the company’s long-term growth, despite a shift to a Neutral rating.
IREN Limited (NASDAQ:IREN) (formerly Iris Energy) is a digital infrastructure company specializing in bitcoin mining and AI cloud services. It operates large-scale data centers that support both proof-of-work blockchain networks and high-performance computing workloads. The company’s primary facilities include the Childress site in Texas, which has expanded to 510 MW of operating capacity. IREN’s main products are bitcoin, mined through proprietary rigs with a current hashrate of 31 EH/s, and AI compute services delivered via 1,896 NVIDIA H100 and H200 GPUs.
1. Robinhood Markets, Inc. (NASDAQ:HOOD)
Year-To-Date Returns: 184.76%
Number of Hedge Fund Holders: 76
Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the best performing crypto stocks so far in 2025. On July 10, a statement from the Florida Attorney General’s office revealed that Robinhood Markets’ cryptocurrency unit, Robinhood Crypto LLC, is under investigation. The investigation centers on allegations that Robinhood falsely promotes its crypto trading platform as the “least expensive way to purchase crypto” and claims to offer users “the most crypto for your money.” The Florida AG’s office argues these representations are deceptive and violate Florida’s Deceptive and Unfair Practices Act.
Florida’s Attorney General stated, “Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” emphasizing the need for transparency in crypto transactions for consumers.
The probe specifically scrutinizes Robinhood’s use of the payment for order flow (PFOF) business model. The model involves the company routing customer trades to third-party market makers in exchange for payment, rather than charging direct commissions. This model is claimed to potentially result in customers receiving less favorable trade execution prices, leading to trading costs that may be higher than on competing platforms offering all-in trading costs.
Robinhood’s General Counsel for Crypto, Lucas Moskowitz, defended the platform, stating the company provides “best-in-class” disclosures, outlining all spreads, fees, and revenue generated by Robinhood during trades, claiming it offers the lowest average costs to users.
Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial technology company that offers commission-free trading in stocks, options, and cryptocurrencies. It operates a cryptocurrency trading platform through Robinhood Crypto, LLC, allowing users to buy, sell, and hold digital assets. The company’s crypto operations expanded in 2025 following its acquisition of Bitstamp, which added institutional trading capabilities and increased global reach.
While we acknowledge the potential of Robinhood Markets, Inc. (NASDAQ:HOOD) as an investment, 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 HOOD and that has 100x upside potential, check out our report about this cheapest AI stock.
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