5 Crypto Stocks with Biggest Upside

3. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 66

Block, Inc. (NYSE:SQ) ranks 3rd in our list of the crypto stocks with upside potential. Block, Inc. (NYSE:SQ) is down about 16% year to date through September 11. During the second quarter, Block, Inc. (NYSE:SQ)’s adjusted EPS came in at $0.39, beating estimates by $0.02. Revenue in the period jumped 25.4% year over year to $5.53 billion, beating estimates by $430 million.

As of the end of the second quarter of 2023, 66 hedge funds in Insider Monkey’s database had stakes in Block, Inc. (NYSE:SQ). The biggest hedge fund stakeholder of Block, Inc. (NYSE:SQ) is Catherine D. Wood’s ARK Investment Management which owns a $714 million stake in the company.