5 Best Bitcoin Stocks to Buy Now

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In this article, we will take a look at the 5 best bitcoin stocks to buy now. For a detailed analysis of the cryptocurrency industry, go directly to the 10 Best Bitcoin Stocks to Buy Now.

5. Marathon Digital Holdings, Inc. (NASDAQ: MARA)

Number of Hedge Fund Holders: 11

Digital asset tech firm Marathon Digital Holdings, Inc. (NASDAQ: MARA) ranks 5th on the list of best bitcoin stocks to buy now. Formerly known as Marathon Patent Group, Inc., the company was founded in 2010 and is based in Las Vegas, Nevada. The company owns a data center where they concentrate on the blockchain ecosystem and digital assets.

The company has a market cap of $3.6 billion. In 2020, Marathon Digital Holdings, Inc.’s revenue increased 268% to $4.4 million from $1.2 million in 2019. HC Wainwright & Co. retains its buy rating on Marathon Digital Holdings, Inc and raises its price target to $30 on February 8. Shares of MARA surged 8,278.13% over the past twelve months. 

There were 8 hedge funds that reported owning stakes in Marathon Digital Holdings, Inc. at the end of the fourth quarter, up from 3 funds a quarter earlier. Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in the firm with 740,100 shares worth more than $7.7 million. 

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