In this article, we will list the 5 Best Ethereum Stocks to Buy Now. Please visit 10 Best Ethereum Stocks to Buy Now if you would like to see the extended list and the methodology behind it.
5. BTCS Inc. (NASDAQ:BTCS)
Stock Upside: 167.38%
Number of Hedge Fund Holders: 2
BTCS Inc. (NASDAQ:BTCS) is one of the best Ethereum stocks to buy now. On March 31, H.C. Wainwright analyst Kevin Dede lowered his price target on BTCS Inc. (NASDAQ:BTCS) to $5 from $7 while maintaining a Buy rating on the stock. Dede made the call after BTCS shared its Q4 2025 earnings report.
The analyst noted that BTCS’s full year 2025 revenue surged 305% year over year to a record $16.5 million. This growth, noted Dede, was primarily driven by the expansion of Builder+, for block-building, and NodeOps, for staking. Together, these accounted for $15.2 million, or about 92% of total revenue. Dede also noted that the newly launched Imperium DeFi segment contributed the remaining $1.3 million following its Q3 2025 debut.
BTCS’s gross profit for the full year also improved to approximately $2.0 million from $0.9 million in 2024. However, gross margin compressed to 12% from 23%. The margin squeeze came from higher validator payments and infrastructure costs tied to scaling Builder+ operations, noted Dede. He also pointed out that the company has not yet reached profitability, though management set a 2026 gross profit target of $6 million, which is roughly 3x the 2025 level.
Meanwhile, BTCS revealed via a tweet on X on January 28 that it was integrating with Sorella Labs. The partnership’s goal was to deepen BTCS’s role in the Ethereum ecosystem through Imperium, the company’s DeFi-focused business line. Sorella Labs builds foundational Ethereum infrastructure targeting MEV, which is the extractive practice where block producers profit at traders’ expense.
BTCS Inc. (NASDAQ:BTCS) is a blockchain infrastructure company. Its core operations are centered on the Ethereum network through validator node management and staking services. The company operates Ethereum validator nodes and earns revenue by validating transactions and staking ETH within the network’s proof-of-stake system.
4. Exodus Movement, Inc. (NYSEAMERICAN:EXOD)
Stock Upside: 167.86%
Number of Hedge Fund Holders: N/A
Exodus Movement, Inc. (NYSEAMERICAN:EXOD) is one of the best Ethereum stocks to buy now. On April 9, Exodus Movement, Inc. (NYSEAMERICAN:EXOD) officially launched Exodus Pay, a self-custody payment application that lets users spend, send, and earn rewards using USD-backed stablecoins, Bitcoin, and other digital assets. At release, the company said the app will be accessible in California, New York, Florida, Nebraska, and Texas across iOS, Android, and desktop platforms. The full national rollout will be completed by month-end.
Exodus first announced Exodus Pay last December and opened a waitlist. The company described the app as its evolution from a standalone crypto wallet into a single all-in-one financial app. Its goal, the company said, is to make stablecoin spending accessible to people with zero crypto experience.
A day before Exodus Pay’s launch, on April 8, Exodus shared its March 2026 treasury update. The data shows that the company grew its digital asset holdings across all three core positions, that is Bitcoin, Ethereum, and Solana, even as trading activity on its platform slowed.
On the treasury side, the company’s Bitcoin holdings rose to 628 BTC from over 610 BTC at the end of February. Ethereum climbed to 1,857 ETH from over 1,840 ETH, and Solana saw the most notable jump, up to 17,541 SOL from 15,694 SOL in February.
Exodus Movement, Inc. (NYSEAMERICAN:EXOD) is a blockchain software company. Its core product is a self-custodial digital asset wallet that provides direct access to Ethereum and Ethereum-based decentralized applications. The Exodus platform enables users to store, send, and exchange Ether, as well as interact with Ethereum-based tokens and DeFi protocols within a single interface.
3. Bit Digital, Inc. (NASDAQ:BTBT)
Stock Upside: 228.95%
Number of Hedge Fund Holders: 18
Bit Digital, Inc. (NASDAQ:BTBT) is one of the best Ethereum stocks to buy now. On April 2, Craig-Hallum analyst George Sutton cut his price target on Bit Digital, Inc. (NASDAQ:BTBT) to $3 from $4 while keeping a Buy rating on the stock.
Sutton was concerned that Bit Digital is trading at such a steep discount to its modified net asset value. As such, the company raising fresh capital through equity issuance would be highly dilutive and therefore unattractive. Put simply, Bit Digital is highly limited if it wants to fund growth through the market, at least until the valuation gap closes.
The analyst noted that the market’s skepticism toward Bit Digital’s majority stake in WhiteFiber (NASDAQ:WYFI), an AI developer and managed services provider, is the key driver of that valuation discount. Sutton noted that the Bit Digital stock was trading at just 0.63 times book value at the time of the note. This level, he said, implies that the market assigns little premium to the company’s operations or strategic assets beyond their liquidation value.
Independently of the analyst action, Bit Digital shared its Q4 and full-year 2025 financial results on March 31. The results show that the company’s ETH staking revenue surged 287% year over year to $7.0 million. Management noted that the growth was driven by higher staking rewards, expanded staked balances, and stronger average ETH prices.
Bit Digital, Inc. (NASDAQ:BTBT) is a digital asset platform. It is a pure-play Ethereum company that accumulates ETH for staking operations. The company acquires ETH through capital raises and asset reallocation.
2. GameSquare Holdings Inc. (NASDAQ:GAME)
Stock Upside: 258.42%
Number of Hedge Fund Holders: 2
GameSquare Holdings Inc. (NASDAQ:GAME) is one of the best Ethereum stocks to buy now. On April 14, GameSquare Holdings, Inc. (NASDAQ:GAME), said its Board of Directors had raised the ceiling of its stock repurchase program from $5 million to $15 million. The Board made the call based on accelerating profitability and a strong balance sheet.
GameSquare first launched the share buyback program in October 2025, and as of March 31, 2026, the company had already deployed $2.5 million to buy back 5.06 million shares. According to CEO Justin Kenna, the full utilization of the remaining $12.5 million authorization could represent the repurchase of approximately 40% of the company’s current common shares outstanding at recent trading levels.
Meanwhile, on April 8, GameSquare reported its Q4 2025 financial results, delivering what the company described as a pivotal milestone. The milestone is the company’s first-ever positive adjusted EBITDA quarter of $1.7 million. This is a massive turnaround from a loss of $3.1 million in the same period a year earlier.
The earnings report also showed that as of December 31, 2025, GameSquare held 15,287.88 ETH on its balance sheet. Of that, 13,944.57 ETH was actively deployed in an onchain yield strategy managed in partnership with a firm called Dialectic. The Dialectic yield strategy ran from August 1 to December 31, 2025, and generated $1.1 million in yield. The company classified this ETH fund as a long-term asset on the balance sheet, and carried at $41.4 million as of year-end 2025.
GameSquare Holdings Inc. (NASDAQ:GAME) is a media, entertainment, technology, and digital finance company. The company actively acquires Ethereum and deploys these holdings into yield-generating strategies, including staking and DeFi applications.
1. Canaan Inc. (NASDAQ:CAN)
Stock Upside: 279.79%
Number of Hedge Fund Holders: 7
Canaan Inc. (NASDAQ:CAN) is one of the best Ethereum stocks to buy now. On April 15, Canaan Inc. (NASDAQ:CAN) released its unaudited Bitcoin mining update for March 2026, in which it reported that it mined 89 BTC, bringing the total BTC holding to 1,808 coins, and that the Ethereum holding during the month totaled 3,952 ETH. The company also updated that it expanded its North American power capacity by over 10 megawatts.
Canaan held 1,750 BTC and 3,951 ETH at year-end 2025. This grew to 1,793 BTC after February’s production of 86 BTC, and added another 15 BTC net in March to reach the new record.
On the infrastructure side, Canaan’s global installed power capacity reached 266.3 MW for non-joint venture operations. The company said this was supplemented by an additional 120 MW from the joint ventures in West Texas, which consist of assets acquired from Cipher Mining Inc. (NASDAQ:CIFR) in February 2026 for approximately $39.75 million.
Those West Texas joint ventures, collectively called the ABC Projects, contribute approximately 4.4 EH/s of operational hashrate to Canaan’s network. When combined with the company’s non-JV operations, the total deployed hashrate stood at 10.97 EH/s at month-end. The operating hashrate for non-JV facilities reached 6.89 EH/s.
Canaan now operates 13 active mining projects globally, with 11.29 EH/s of energized computing power and 15.37 EH/s of installed computing power.
Canaan Inc. (NASDAQ:CAN) is a technology company that designs and manufactures ASIC chips and mining equipment used in blockchain networks. Its core business is tied to Bitcoin mining hardware, but the company also holds Ethereum on its balance sheet and acquires ETH as part of its broader cryptocurrency operations.
While we acknowledge the potential of CAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CAN and that has 100x upside potential, check out our report about the cheapest AI stock.
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