- As Bitcoin hits $65K, investors can gain exposure without holding the cryptocurrency itself through key US stocks.
- US companies like MicroStrategy and Coinbase offer direct exposure to Bitcoin’s price movements.
- Diversifying through tech-related stocks like NVIDIA can offer indirect exposure to Bitcoin’s growth with reduced volatility.
As Bitcoin surges past $65,000, many investors are looking for ways to gain exposure to this growing market. While direct investment in Bitcoin can be risky, several US-listed companies provide indirect exposure to Bitcoin’s price movements. These companies operate in industries closely connected to the cryptocurrency ecosystem, allowing investors to benefit from Bitcoin’s rise without holding the cryptocurrency itself.
Here are 5 US stocks to consider for exposure to Bitcoin.
1. MicroStrategy (NASDAQ: MSTR)
MicroStrategy is one of the most Bitcoin-exposed stocks, having purchased billions of dollars worth of Bitcoin for its corporate balance sheet.
- Why It’s Attractive: MicroStrategy’s stock price often mirrors Bitcoin’s performance due to its massive holdings of the cryptocurrency.
- Key Risk: The company’s significant exposure to Bitcoin means it is highly volatile. A drop in Bitcoin’s price will likely lead to sharp declines in MicroStrategy’s stock.
2. Coinbase (NASDAQ: COIN)
Coinbase is one of the largest cryptocurrency exchanges in the world, enabling users to buy, sell, and store cryptocurrencies like Bitcoin.
- Why It’s Attractive: Coinbase benefits from higher trading volumes when Bitcoin prices rise, as the company earns transaction fees on every trade.
- Key Risk: Coinbase’s revenue is closely tied to cryptocurrency trading activity, making it vulnerable to downturns in the market.
3. Tesla (NASDAQ: TSLA)
Tesla made waves in 2021 when it bought $1.5 billion worth of Bitcoin. While primarily an electric vehicle company, Tesla’s foray into Bitcoin has given it some indirect exposure to cryptocurrency.
- Why It’s Attractive: Tesla’s Bitcoin holdings and CEO Elon Musk’s vocal support for cryptocurrency mean its stock sometimes reacts to Bitcoin price movements.
- Key Risk: Tesla’s exposure to Bitcoin is relatively small, so its stock is driven more by its core business in electric vehicles than by Bitcoin’s performance.
You may read about the latest development at Tesla where the company unveiled Cybercab, its Robotaxis that are expected to go into production in 2026.
4. Block, Inc. (NYSE: SQ)
Block (formerly Square) is a fintech company with significant Bitcoin exposure through its Cash App, which allows users to buy and sell Bitcoin. Block has also made direct Bitcoin investments.
- Why It’s Attractive: Block’s growing involvement in the Bitcoin market, combined with its broader fintech business, makes it a strong choice for investors seeking exposure to both.
- Key Risk: Block’s performance is partially tied to the cryptocurrency market, but its main business is still fintech, so Bitcoin’s price may not always have a significant impact on the stock.
5. NVIDIA (NASDAQ: NVDA)
NVIDIA is a leading manufacturer of GPUs (Graphics Processing Units) used by cryptocurrency miners to solve complex algorithms and mine Bitcoin.
- Why It’s Attractive: As Bitcoin prices rise, demand for NVIDIA’s GPUs often increases due to higher mining activity, which can boost NVIDIA’s revenue.
- Key Risk: NVIDIA’s exposure to Bitcoin is indirect, as its core business is in gaming and AI technologies. Cryptocurrency mining is only a small part of its revenue stream.
Exposure to Bitcoin’s Rally through These Investments
As Bitcoin soars past $65,000, these US-listed companies offer investors indirect exposure to the cryptocurrency. Whether through companies like MicroStrategy and Coinbase, which have significant ties to Bitcoin, or those with indirect exposure such as Tesla, Block and NVIDIA, investors can participate in Bitcoin’s price movements without holding the cryptocurrency directly.
However, investing in these stocks still carries risks. Many of these companies are highly volatile and can experience sharp price swings in response to changes in Bitcoin’s value. As always, it’s essential to conduct thorough research, diversify your portfolio, and carefully consider the risks before investing. This will help you navigate the ups and downs of the crypto market while positioning yourself to benefit from its potential growth.
Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of any companies mentioned.
