5 Best Blockchain Stocks to Buy

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1. Tesla, Inc. (NASDAQ: TSLA)

Number of Hedge Fund Holders: 68

Tesla, Inc. (NASDAQ: TSLA) is a battery and EV manufacturer. It tops our list of best blockchain stocks to buy now because of the company’s exposure to cryptocurrencies. The company earlier this year announced through an SEC filing that it acquired Bitcoin to maximize cash returns and attain more flexibility and diversity. 

Tesla also announced recently that customers will soon be able to use Bitcoin to purchase its products. The company’s Q1 2021 financial report revealed that it managed to generate $10.39 billion revenue which was higher than its $5.99 billion Q1 2020 revenue. Its adjusted earnings per share in Q1 2021 was 93 cents per share, which was higher than the 80 cents expected earnings and 23 cents YoY.

You can also take a peek at 10 Best Aggressive Stocks to Buy Now and 15 Best Beaten Down Stocks To Buy Now. 

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