5 Best Cryptocurrency Stocks to Invest in 2021

3. Advanced Micro Devices, Inc. (NASDAQ: AMD)

Number of Hedge Fund Holders: 62

Advanced Micro Devices, Inc. (NASDAQ: AMD) is a semiconductor chip manufacturer whose products are used to mine cryptocurrencies. Amid a shortage of chips in the industry because of increased demand and supply chain issues, the company’s shares have soared in recent weeks. The shortage is expected to last for several months, giving the stock plenty of room to climb higher. As mining operations increase, the products sold by the firm continue to sell like hot cakes. 

Advanced Micro Devices, Inc. (NASDAQ: AMD) is placed third on our list of 12 best cryptocurrency stocks to invest in 2021. The company’s shares have returned more than 46% to investors over the past twelve months. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ: AMD) with 25 million shares worth more than $1.9 billion.