The passing of the Genius Act in the US Senate promises to open a new wave of opportunities in the burgeoning cryptocurrency sector. The first of its kind, the bill puts federal guardrails on digital currencies while setting up oversight for stablecoin.

With the passing of the bill, the $240 billion stablecoin market is expected to surge in the coming years with the entry of financial industry titans.

“I think crypto is here to stay and I’d rather have it be American led,” Sen. Mark Warner (D., Va.), who supported the bill, said in an interview.

The bill’s passing comes on the heels of JPMorgan Chase allowing clients to buy cryptocurrency even as CEO Jamie Dimon remains skeptical.

“We are going to allow you to buy it,” Dimon said on Monday of the bank’s annual investor day. “We’re not going to custody it. We’re going to put it in statements for clients.”

Given Dimon’s history of disparaging digital currency and the cryptocurrency industry in general, the decision is a significant step for the biggest US bank and the most recent indication that Bitcoin is making its way into the mainstream of investing.

Morgan Stanley CEO Ted Pick has already reiterated that the investment bank is exploring ways to deepen involvement in the cryptocurrency market. The Federal Reserve has partially followed the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency in rescinding their anti-crypto recommendations.

Heightened adoption in the mainstream sector and acceptance in the Federal government underscores cryptocurrency and blockchain’s long-term prospects.

With that in mind, let’s look at the 12 Best Cryptocurrency and Blockchain Stocks to Buy.

Our Methodology

To make the list of 12 Best Cryptocurrency and Blockchain Stocks to Buy, we scanned the US equity markets, focusing on companies with exposure to cryptocurrencies and blockchain. We concentrated on stocks with significant year-to-date gains and are popular among elite hedge funds. Finally, we ranked the stocks in ascending order based on hedge fund holdings as of Q1 2025.

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).

12 Best Cryptocurrency and Blockchain Stocks to Buy

12. IREN Ltd. (NASDAQ:IREN)

Year to date Performance as of June 23: 0.10%

Number of Hedge Fund Holders: 28

IREN Ltd (NASDAQ:IREN) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 10, the company announced plans to offer a $450 million aggregate principal amount of convertible senior notes due 2029. It also plans to provide an additional $50 million in notes if initial purchasers exercise their option.

The company plans to use the net proceeds of the offering to fund the cost of entering into capped call transactions. Part of the funds will also be used to fund the cost of entering prepaid forward transactions. The remainder of the net proceeds will go towards general corporate purposes.

IREN Ltd (NASDAQ:IREN) is a financial services company focusing on Bitcoin mining and AI cloud services, utilizing 100% renewable energy to power its data centers. It builds, owns, and operates data centers, optimizing them for power-dense computing tasks like Bitcoin mining and AI workloads.

11. SAP SE (NYSE:SAP)

Year to date Performance as of June 23: 18.29%

Number of Hedge Fund Holders: 33

SAP SE (NYSE:SAP) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 18, the company confirmed its SAP Business Suite can drive innovation by uniting core business applications, data, and artificial intelligence capabilities. The integrated system optimizes every business aspect, enabling smarter decisions, real-time insights, and intelligent automation.

At the SAP Saphire in 2025, the company touted the key benefits of the suite, which include harmonized SAP Business Suite user experience, seamless end-to-end processes, and structured and guided transformation journeys. The SAP Business Suite’s unified, user-friendly interface makes it simple for users to handle complicated procedures, resulting in a more efficient workflow that can boost productivity.

With intelligent apps for decision-making and action, SAP Business Suite will elevate the experience and assist guarantee that business users’ demands are met. When used in the context of an end-to-end business process, intelligent apps fed by various data products from pertinent business domains can offer business users thorough insight.

SAP SE (NYSE:SAP) is a technology company that leverages blockchain technology to enhance its enterprise resource planning (ERP) systems and other solutions. It also offers blockchain-as-a-service through the SAP Cloud Platform Blockchain, enabling businesses to integrate blockchain with existing systems.