Educational content only. Not financial advice. Always conduct your own research before making investment decisions.
What Are Cryptocurrency and Blockchain Stocks?
Cryptocurrency and blockchain stocks are shares of publicly traded operating companies whose businesses are tied to digital assets and distributed-ledger technology. They give exposure to the sector through the equity market rather than through holding tokens directly. This list covers operating companies only; it does not include cryptocurrencies, tokens, or exchange-traded funds.
Categories in This List
- Bitcoin miners: companies that run data centers to validate the Bitcoin network and earn block rewards, such as MARA, RIOT, CLSK, and CORZ. Many are also building capacity for AI and high-performance computing.
- Exchanges and brokers: platforms where users trade or custody crypto, such as COIN, CNCK, BLSH, GEMI, HOOD, and ETOR, plus the regulated derivatives venue CME.
- Bitcoin-treasury and Ethereum-treasury companies: firms that hold large crypto positions as a primary balance-sheet strategy, such as MSTR, XXI, and ABTC for Bitcoin, and BMNR and SBET for Ethereum.
- Payments and stablecoin infrastructure: companies building digital-asset payment rails, including the USDC issuer CRCL, plus XYZ, V, and MA.
- Custody, wallets, and crypto-financial infrastructure: firms supplying custody, self-custodial wallets, tokenization, and institutional services, such as BTGO, EXOD, BKKT, FIGR, and GLXY.
What Moves Crypto Stocks
Several factors tend to influence this group together:
- Bitcoin and crypto prices: miner revenue, treasury-company balance sheets, and exchange trading volumes are all sensitive to underlying crypto prices, so many of these stocks move with the broader crypto market.
- Regulation: U.S. legislation such as the GENIUS Act, which created a federal framework for payment stablecoins in July 2025, and ongoing market-structure proposals affect how these companies operate and are valued.
- Interest rates: rates affect stablecoin reserve income, financing costs for capital-intensive miners and treasury companies, and overall risk appetite.
How This List Is Built
Companies are grouped by how directly their business depends on cryptocurrencies and blockchain, expressed as an affinity rating. Higher affinity means a more central crypto business, such as a pure-play miner, exchange, stablecoin issuer, or treasury company. Lower affinity means crypto is a smaller part of a larger operation, such as a payments network or diversified financial firm. The list includes only operating companies that appear in our market data with a share price above one dollar and a reported market cap. It excludes tokens and exchange-traded funds. This page is informational and is not investment advice or a recommendation to buy or sell any security.
Risks and Considerations
Crypto-related stocks can be highly volatile.
- Volatility: prices for these companies can move sharply over short periods and can decline as well as rise.
- Correlation to crypto prices: many of these stocks rise and fall with Bitcoin, Ethereum, and broader digital-asset prices, and some miners and treasury companies can move more than the underlying assets.
- Regulation: rules on trading, custody, stablecoins, mining, and taxation continue to evolve and can change the outlook for individual companies.
- Company-specific factors: financing, energy costs, security, and execution risk vary widely across the list.
This page is for general information only and does not constitute financial, investment, tax, or legal advice. Do your own research and consider consulting a licensed professional before making decisions.