5 Best Bitcoin Stocks to Buy Now

3. CME Group Inc. (NASDAQ: CME)

Number of Hedge Fund Holders: 58

Ranking 3rd on the list of the best bitcoin stocks to buy now is CME Group Inc. (NASDAQ: CME). Chicago-based CME Group Inc. is one of the most significant future exchange operators in the US. CME Group Inc. offers one of the products is Micro Bitcoin futures (MBT), a modern, convenient, and cost-effective way to fine-tune bitcoin exposure. 

The company has a market cap of $72.5 billion and total revenue of $1.3 billion in the first quarter of 2021. Citigroup keeps its buy rating on CME Group but lowers its price target to $235 on April 29. Shares of CME jumped 16.32% over the past twelve months.

There were 58 hedge funds that reported owning stakes in CME Group Inc. at the end of the fourth quarter. The total value of these stakes at the end of Q4 is $2.27 billion. 

Cooper Investors Global Equities Fund (Hedged), in their Q1 2021 investor letter, mentioned CME Group Inc. (NASDAQ: CME). Here is what Cooper Investors Global Equities Fund (Hedged) has to say about CME Group Inc. in their Q1 2021 investor letter:

“CME has been owned by the portfolio for five years. CME’s strategic positioning as a monopolistic global financial exchange operator will continue to afford the business a highly attractive margin profile. CME is well managed however we can no longer identify clear value latency opportunities for the management team to execute against and so decided to exit our position.”

CME Group Inc