5 Top Performing Bitcoin Stocks in January

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In this article, we will take a look at the 5 top performing bitcoin stocks in January. To see more such companies, go directly to 13 Top Performing Bitcoin Stocks in January.

5. Riot Platforms, Inc. (NASDAQ:RIOT)

Stock Performance in January: +86%

Bitcoin mining and blockchain firm Riot Platforms, Inc. (NASDAQ:RIOT) gained about 86% in January, registering its name among the top performing Bitcoin stocks in the month. In December, investment firm Cantor Fitzgerald called Riot its top pick in the crypto space for 2023. The firm said in a note that Riot Platforms, Inc. (NASDAQ:RIOT) has a “best-in-class balance sheet” and has “enough flexibility” to navigate a “crypto winter.”

A total of 11 hedge funds tracked by Insider Monkey reported having stakes in Riot Platforms, Inc. (NASDAQ:RIOT) as of the end of the third quarter. The total value of these stakes was over $29 million. One of the notable stakeholders of Riot Platforms, Inc. (NASDAQ:RIOT) as of the end of the September quarter was Dmitry Balyasny’s Balyasny Asset Management, with an $8.8 million stake.

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