In this article, we will discuss: 11 Best Bitcoin and Blockchain Stocks to Invest In.
Bitcoin plummeted below $61,000 on February 5, reversing all gains since US President Donald Trump’s election in November 2024, as reported by Reuters on February 7, 2026. The decline was caused by limited liquidity and financial turmoil. This marked its lowest level since a month before the election. Following a record-breaking October price spike above $125,000, prices have now dropped by almost 20% before rising above $70,000. Precious metals and cryptocurrencies fell dramatically on January 30 after Trump appointed Kevin Warsh as the new Federal Reserve chair, fueling expectations of a tightening balance sheet. Kaiko research analyst Thomas Probst stated that less liquidity results in stronger and more chaotic price movements.
Probst cautioned that it is the pattern in liquidity that is truly concerning, pointing out that the average 1% market depth of Bitcoin has decreased from over $8 million in 2025 to roughly $5 million at the present time. Meanwhile, Morgan Stanley Wealth Management’s Denny Galindo commented that the October flash crash blew up the leverage bubble. Whereas, CoinShares’ head of research at crypto asset manager, James Butterfill, stated that selling by significant holders has slowed, and “we are very close to a bottom.”
With that said, here are the 11 Best Bitcoin and Blockchain Stocks to Invest In.
Source: Unsplash
Our Methodology
We sifted through the ETFs and online rankings to form an initial list of the 20 Best Bitcoin and Blockchain Stocks to Invest In. From the resultant dataset, we chose the 11 Best Bitcoin and Blockchain Stocks with the highest number of hedge fund holders for each stock using Insider Monkey’s database of hedge funds as of Q3 2025. We also considered the analysts’ upside potential as of February 12. Finally, we ranked these stocks in ascending order based on hedge funds.
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).
11. Bitdeer Technologies Group (NASDAQ:BTDR)
Number of Hedge Fund Holders: 26
Analysts’ Upside Potential as of February 12: 100.68%
Bitdeer Technologies Group (NASDAQ:BTDR) is among the Best Bitcoin Stocks.
On February 13, Darren Aftahi of Roth Capital decreased Bitdeer Technologies Group (NASDAQ:BTDR)’s price target from $40 to $30. The analyst maintained a Buy rating, noting “some puts and takes” on the earnings call and mixed Q4 results. The corporation expressed a higher willingness to deploy high-performance computing.
Separately, B. Riley maintained its Buy rating on BTDR while lowering its price target from $29 to $22 on February 12, 2026, citing decreased bitcoin prices and major network difficulties in Q4. The company commented that Bitdeer Technologies Group (NASDAQ:BTDR) could handle growing demand for hyperscaler computing.
On February 10, 2026, the firm claimed that it had mined 668 bitcoins in January. It increased its efforts to win long-term leases by focusing on HPC/AI co-location options at larger facilities like Tydal, Norway. The corporation aims to deploy more Sealminers in 2026, and its self-mining hashrate has hit 63 EH/s, up 14% from December 2025. Bitdeer Technologies Group (NASDAQ:BTDR) expects to introduce the SEALMINER-DL1 in the first quarter of 2026, after its first LTC/Doge miner, the DL1, outperformed expectations during testing.
Bitdeer Technologies Group (NASDAQ:BTDR) runs cryptocurrency mining datacenters and produces revenue from its own mining operations. The company handles equipment procurement, transportation logistics, data center design and construction, equipment administration, and day-to-day operations.
10. CleanSpark, Inc. (NASDAQ:CLSK)
Number of Hedge Fund Holders: 34
Analysts’ Upside Potential as of February 12: 87.24%
CleanSpark, Inc. (NASDAQ:CLSK) is among the Best Bitcoin Stocks.
On February 6, Macquarie maintained an Outperform rating on CleanSpark, Inc. (NASDAQ:CLSK) and reduced its price objective from $27 to $18.
Separately, Keefe Bruyette maintained its Outperform rating on the stock and trimmed its price target from $18 to $14 on February 9, 2026. The firm pointed out concerns around ERCOT’s proposed batch study, which might affect the Texas pipeline. However, the corporation remained optimistic about the Sealy location.
CleanSpark, Inc. (NASDAQ:CLSK)’s revenues in the first quarter of fiscal 2026 were $181.2 million, an 11.6% increase from $162.3 million in the same period last year. The firm reported a net loss of $378.7 million, or $1.35 per basic share, with a net income of $246.8 million, or $0.85 per basic share, in the previous year. Adjusted EBITDA was negative $295.4 million, compared to a positive $321.6 million in the prior year.
The stock was down by 16.71% YTD as of February 11, 2026.
CleanSpark, Inc. (NASDAQ:CLSK) is a Bitcoin mining technology startup. It manages data centers in College Park, Norcross, Washington, Sandersville, Dalton, and Massena.
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