Top 10 Crypto-Related Stocks to Buy in 2025

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Ryan Glenn

Crypto Content Writer

Ryan Glenn

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Ryan Glenn is a content writer specializing in cryptocurrency and blockchain technology. With experience at well-known media outlets, he has built a reputation for in-depth content that bridges...

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Last updated: 

November 5, 2025

Top 10 Crypto Stocks Reviewed

The top crypto stocks are stacked with a lineup of the best companies, according to their respective sectors. These include exchanges, mining, investment companies, and more.

1. Coinbase Global (COIN) – Top Crypto Exchange Stock

Coinbase is a U.S.-based cryptocurrency exchange that serves users domestically and globally. It operates a brokerage, custodial, and merchant service, and has a suite of products and tools for developers to build on-chain.

Coinbase is currently trading at $239.73, with a change of -1.06% in the last 24 hours. The company went public in 2021 through a direct listing on the Nasdaq, and had a reference price of $250. By the end of the day, COIN closed at $328.28 and reached an initial market cap of $85.8 billion.

In Q2 2025, Coinbase earned $1.5 billion in revenue and $1.4 billion in net income. Its Base blockchain remains one of the top Layer 2 chains with the second-highest total value locked (TVL).

2. Block (XYZ) – Fintech Merchant Services

Twitter co-creator Jack Dorsey co-founded Block in 2009, initially under the name Square. Block is a fintech company that provides financial services through its subsidiaries. Some of its investors include Goldman Sachs, JPMorgan Chase, and Visa.

Block owns a suite of fintech businesses, the most popular include Square, Cash App, Afterpay, and Tidal. However, a majority of Block’s income comes from Square and Cash App, to the tune of 99%.

Block’s co-founder, Jack Dorsey, is also a famous Bitcoin maximalist and has strategically positioned it and its subsidiaries, like Square and Cash App, to integrate Bitcoin into everyday transactions. In Q3 2025, Block made $2.14 billion in revenue from Bitcoin. This equated to about 35% of its total revenue for that quarter.

3. Strategy (MSTR) – Software and Digital Asset Treasury Company (Formerly Microstrategy)

Michael Saylor founded MicroStrategy in 1989 but rebranded it to Strategy in 2025. It is a software company that provides solutions for business intelligence (BI), analytics, and mobile applications. Thanks to its ambitious leader’s aggressive investment strategy, it is the largest corporate holder of Bitcoin.

Strategy was the first company to hold Bitcoin as its primary treasury reserve asset in 2020. It funds its aggressive Bitcoin acquisitions through debt and equity financing (i.e., convertible notes, senior secured notes, convertible preferred stock, and common stock).

Strategy holds 640,418 BTC (~ $71 billion) with a total acquisition cost of about $47.3 billion and an average cost of $74,010 per BTC.

4. Paypal Holdings (PYPL) – Online Payment Platform and Digital Wallet

PayPal is a money service business (MSB) that allows you to:

In 2023, PayPal made headlines when it launched the PYUSD stablecoin. Paxos issues and manages PYUSD, which has a market cap of $2.7 billion, and its redemption assets include cash (USD), U.S. Treasury bonds, and repurchase agreements.

PYPL has a trading volume of 5.1M, with a market cap of $48 billion. It ranks as number 307 in the largest companies by market cap.

5. Riot Platforms (RIOT) – Top Bitcoin Mining and Engineering Company

Riot Platforms is a prominent Bitcoin mining company. While most people recognize it as a large-scale Bitcoin miner, it also designs power distribution and custom electric products for various customers, like data centers.

Riot Platforms is one of the top three public Bitcoin companies by market cap (at $8.25 billion), and one of the top 10 companies by hash rate. In Q2 2025, it made approximately $495.3 million in adjusted EBITDA.

In mid-2025, the company made headlines when it expanded its credit facility with Coinbase Credit, increasing its Bitcoin-backed credit line to $200 million. It has also expanded its total acreage to 858 acres, owing much to its Corsicana facility, and completed its acquisition of Rhodium Assets.

6. Canaan (CAN) – the First ASIC Miner Manufacturer

Canaan is a leading Bitcoin miner manufacturer that shipped the world’s first ASIC Bitcoin miner in 2013 under the brand name Avalon. It completed its IPO in 2019 on the Nasdaq Global Market after previous attempts in Hong Kong and China were unsuccessful.

In October 2025, Benchmark announced that it would maintain coverage of CAN and rated it as a Buy recommendation. Shortly thereafter, Canaan announced an at-the-market equity offering program to sell up to $270 million worth of shares, hinting at a likely expansion.

Canaan made a gross profit of $9.3 million in the second quarter of 2025. This constituted a significant increase from the previous quarter and from the same time in the previous year.

7. Bullish (BLSH) – Top Institutional Crypto Exchange

Bullish Group is a holding company that owns a global cryptocurrency exchange (Bullish) and owns the crypto media company Coindesk. The exchange brands itself as a regulated trading venue for institutional investors, supports over 100 assets, and has a total trading volume exceeding $1.5 trillion.

Stock data not found for symbol: BLSH

The Bullish exchange prides itself on security. It is audited by Deloitte, segregates its assets from its business operations, and holds a majority of its assets in cold storage. It is licensed and regulated in:

Bullish (BLSH) debuted on the New York Stock Exchange (NYSE) in 2025 at nearly $13.2 billion. It priced its IPO at $37 but traded as high as $118 on the first day. As of December 2025, it has a market cap of $8.19 billion.

8. MARA Holdings (MARA) – Top Crypto Exchange Stock

MARA is a digital technology and Bitcoin mining company. Formerly Marathon Digital Holdings, MARA was incorporated in the U.S. in 2010 and went public in 2011. Since then, it has grown to become one of the top five Bitcoin mining companies by market capitalization.

MARA’s current price is $9.94, with a daily trading volume of 12.9M. In Q2 2025, its Bitcoin holdings grew by 170% to over 50,000 BTC, making it the second largest corporate holder of Bitcoin.

In 2025, MARA announced strategic partnerships with Google-backed TAE Power Solutions and LG-backed PADO AI to codevelop platforms for next-generation AI infrastructure.

9. Robinhood Markets (HOOD) – Top Crypto Exchange Stock

Robinhood is a U.S.-based brokerage that became extremely popular during the 2010s, due to its commission-free trading model. It became favored by investors, starting with only a few dollars. Robinhood also became infamous during the GME short squeeze, in which members of the wallstreetbets subreddit caused institutional investors to lose a lot of money.

At the end of Q2 2025, Robinhood had approximately 26.5 million funded customers. About 13% of these (3.48 million) were Robinhood Gold Subscribers. Robinhood’s total platform assets are $304 billion.

HOOD is trading at $120.44, with a 24-hour price change of +0.17%. It has a market cap of $127.2 billion and a trading volume of 7.9M.

10. Hut 8 (HUT) – Top Crypto Exchange Stock

Hut 8 is an energy infrastructure platform. It uses its power to support Bitcoin mining, hosting, data centers, and other businesses in various parts of North America. Hut 8 was formed through the merger of Hut 8 Mining Corp. and U.S. Data Mining Group, Inc. in 2023.

Hut 8 has a collective capacity of 1,020 megawatts of energy across fifteen sites in the U.S. and Canada. In Q2 2025, it had an EBITDA of $221.2 million, a net income of $137.5 million, and revenue of $41.3 million.

The current price of HUT sits at $52.80, constituting a change of +0.63% from the previous day. It has a market cap of $5.26 billion and a daily trading volume of 2.4M.

What is a Crypto-Related Stock?

Crypto-related stocks are securities that have direct or indirect exposure to cryptocurrency through their underlying companies. With direct exposure, the underlying company owns the asset (crypto) or earns revenue from crypto activity (like staking or mining); conversely, indirect exposure is when the company holds an asset that has direct exposure, or the company’s performance is partly driven by crypto activity.

The most obvious examples of crypto-related public companies include Strategy, Coinbase, and Robinhood. Some of the less obvious examples of crypto-related companies are:

In most of these examples, the company directly holds cryptocurrency. However, AMD is an example of a public company that does not directly produce revenue from or hold crypto.

What Types of Crypto Stocks Are There?

Crypto stocks come in many different “flavors.” We can break them down into six of the following categories:

🏛️ Crypto Exchanges & Brokerages

In layman’s terms, crypto exchanges and brokerages are where you go to buy or trade cryptocurrency. Think of the New York Stock Exchange (NYSE) or WeBull, but specifically for cryptocurrency.

🧊 Blockchain Technology

Any company that creates blockchain technology can be considered a part of the blockchain technology sector. Typically, research companies dominate this sector, like Ripple Labs and Offchain Labs, but other companies can fit this classification as well.

⛏️ Bitcoin Mining

In crypto, Bitcoin mining is a process where you check if transactions are valid and provide security for the entire blockchain. Not only is the process profitable, but many companies build their business models around it. Bitcoin mining companies are the most profitable of all mining companies in cryptocurrency.

💳 Crypto Payments

Crypto payment companies are what you call money service businesses. These are non-bank institutions that provide financial services, like transferring money or facilitating payments for businesses.

💻 Hardware Infrastructure

Companies that build physical devices or electronic goods for manufacturers in the tech industry occupy the hardware infrastructure sector. The defining quality of these companies is that their services are not typically consumer-facing.

📈 Crypto Investment

Crypto investment companies are businesses that invest in cryptocurrency as a business model. While some companies may passively hold crypto, these companies actively manage their portfolio and implement strategies to generate revenue.

How to Choose the Best Crypto Stocks to Buy

Investing in stocks is unlike investing in cryptocurrency — even if the stocks are crypto-related. If you want to choose the best crypto stocks, you will have to choose the type of exposure you want, check the valuation compared to competitors, research the revenue and profitability, and understand the key risks associated with the business.

Choose Type of Exposure (Direct Vs. Indirect)

When you are choosing which crypto stocks to buy, one common method that you can borrow from traditional equities investing is deciding whether you want direct or indirect exposure.

The “Trump brand” is a good example of this. Let’s say you want to invest in the Official Trump (TRUMP) token, but investing in cryptocurrency can be complicated if you’re new to the field or not very technical.

Therefore, you would invest in the Trump Media and Technology Group (TMTG) stock. As you can see, at least for the time being, TRUMP and TMTG often move alongside each other. Moreover, the “Trump brand” often moves with news about President Trump.

In this scenario, investing in TMTG would be indirect exposure to TRUMP, while TMTG is direct exposure to the company.

Check Valuation Compared to Competitors

Valuations estimate the worth of a company or asset. It is an important part of investing because it differentiates between whether a stock is good enough to invest in or the best one to invest in.

An investor might determine an asset’s worth and then compare it to its competitor. This will help them determine whether that asset is under- or overpriced. With valuations, you should:

As Aswath Damodaran writes in The Little Book of Valuation, “The intrinsic value of an asset is determined by the cash flows you expect that asset to generate over its life and how uncertain you feel about these cash flows.”

To put it simply, valuations look to the past to make hypotheses about the future, but the real skill is in judging how realistic those assumptions are.

Assess Revenue and Profitability

Analyzing a company’s revenue and profitability is relatively straightforward. The best way to do this is to check a company’s investor relations page on its website. There, you may find balance sheets, quarterly earnings, or even tax filings.

Below, you can see an example of Circle’s balance sheet. It is split up by assets and liabilities, and compares items between 2024 and 2025.

Rather than waiting for news coverage, you can see directly when the company is profitable, how many users it has, etc. You can use this information with new developments like laws or geopolitical events to understand how they will affect the company.

Understand that not all companies are transparent with their earnings. You may have to do some digging or rely on other sources.

Understand the Key Risks

Make no mistake, with every investment there is an associated risk. This is a broad topic to cover for every subsector of crypto-related companies. But, in general, here are some risks you should be aware of:

The biggest takeaway here is that you should remember, unlike decentralized protocols, crypto-related stocks are tied to companies with real-world costs. They go bankrupt, borrow money, lay off employees, and go belly up. Keep this in mind to understand the key risks.

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