-2.57%
last session
Coinbase is driving momentum with its AI‑powered investment adviser, a developer platform, and a tokenized stock la...
Sourceprnewswire.com - Jun 16
Crypto Stocks
CryptoInnovationTechnology
Bitcoin miners, exchanges, treasury plays, and blockchain infrastructure — the listed side of digital assets. The universe is dominated by Payment Infrastructure (39%) and Exchanges & Brokerages (31%), outperforming SPY by 22.5 percentage points YTD.
YTD Return
+31.0%
+22.5 pts vs SPY
12 of 20 beat SPY
1-Month Return
+12.7%
+12.3 pts vs SPY
Universe Size
20 Stocks
Curated theme basket
Market Cap
$441.96B
Total capitalization
Theme Performance
Crypto Stocks Performance vs SPY and QQQ
Track Crypto Stocks without checking every day
Weekly updates on performance, valuation changes, and key movers.
Theme Composition
Crypto Stocks Breakdown
Composition last reviewed
As of Jun 1, 2026
Categories reflect each company's primary theme role. Some companies may have exposure to multiple segments.
Theme Overview
Crypto Stocks Overview
A summary of how the theme breaks down across business segments and where concentration risk lives.
Selected Stocks
20
in theme
Total Market Cap
$441.96B
combined
Highly Concentrated
The top 2 segments (Payment Infrastructure & Exchanges & Brokerages & Bitcoin Miners & Bitcoin Treasuries) represent 70.2% of this theme by market cap.
Top Crypto Stocks Stocks
Top Crypto Stocks Stocks by Segment, Performance, and Valuation
HOOD
Robinhood Markets, Inc.
Price$105.20
Mkt Cap-
YTD-8.7%
Rev G-
CME
CME Group Inc.
Price$252.54
Mkt Cap-
YTD-6.4%
Rev G-
COIN
Coinbase Global, Inc.
Price$164.92
Mkt Cap-
YTD-30.3%
Rev G-
XYZ
Block, Inc.
Price$72.84
Mkt Cap-
YTD+11.8%
Rev G2.3%
MSTR
Strategy Inc
Price$116.56
Mkt Cap-
YTD-25.8%
Rev G6.8%
PYPL
PayPal Holdings, Inc.
Price$42.08
Mkt Cap-
YTD-27.6%
Rev G-
IREN
IREN Limited
Price$58.11
Mkt Cap-
YTD+36.1%
Rev G-
HUT
Hut 8 Corp.
Price$118.88
Mkt Cap-
YTD+131.9%
Rev G-
WULF
TeraWulf Inc.
Price$27.86
Mkt Cap-
YTD+118.7%
Rev G-
CIFR
Cipher Mining Inc.
Price$26.35
Mkt Cap-
YTD+62.7%
Rev G-
| # | Chart (YTD) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | HOOD Robinhood Markets, Inc. | $105.20 | $94.77B | -8.7% | +36.4% | 51.3 | - | |
| 2 | CME CME Group Inc. | $252.54 | $91.62B | -6.4% | -17.2% | 22.6 | - | |
| 3 | COIN Coinbase Global, Inc. | $164.92 | $43.45B | -30.3% | -12.9% | 37.1 | - | |
| 4 | XYZ Block, Inc. | $72.84 | $43.35B | +11.8% | +3.1% | 34.7 | 2.3% | |
| 5 | MSTR Strategy Inc | $116.56 | $38.92B | -25.8% | -30% | -7.7 | 6.8% | |
| 6 | PYPL PayPal Holdings, Inc. | $42.08 | $37.12B | -27.6% | -5.2% | 7.8 | - | |
| 7 | IREN IREN Limited | $58.11 | $20.74B | +36.1% | +15.2% | 149.0 | - | |
| 8 | HUT Hut 8 Corp. | $118.88 | $13.39B | +131.9% | +23.6% | -55.6 | - | |
| 9 | WULF TeraWulf Inc. | $27.86 | $11.36B | +118.7% | +31.8% | -16.8 | - | |
| 10 | CIFR Cipher Mining Inc. | $26.35 | $10.7B | +62.7% | +37.8% | -12.3 | - |
Showing 10 of 20 stocks
Daily Intelligence
Yesterday in Crypto Stocks
Key headlines and stock-level catalysts from the last trading session.
Last session recap is current.
End-of-day analysis published after market close. Next update after Jun 18, 2026 market close.
Session Brief
Jun 17, 2026Crypto stocks show mixed momentum: Robinhood (HOOD) posts record trading volumes yet cuts staff, signaling cost pressure; Coinbase (COIN) expands AI‑driven services and tokenized equity, boosting growth prospects; MicroStrategy (MSTR) continues heavy Bitcoin buying despite a market‑wide dip, hinting at bullish stance; TeraWulf (WULF) secures Bank of America backing, lifting valuation; Block (XYZ) reports earnings growth and new high‑yield savings, strengthening its banking arm. Divergence stems from operational cuts vs. expansion, and Bitcoin exposure vs.
Key Drivers
Stock-Level Catalysts
Sentiment reflects catalyst narrative, not price direction - a stock can close lower while the fundamental driver is bullish.
+8.78%
last session
Robinhood is highlighted as a top sub‑$100 growth pick amid record trading volumes, but recent 10% staff cuts signa...
Sourcefool.com - Jun 16
-5.09%
last session
MSTR is rallying as its Bitcoin holdings surge, recent buying pushes Bitcoin higher, and a key trading signal plus...
Sourcezacks.com - Jun 16
-3.6%
last session
Fresh EOD news and price action made this stock a theme driver.
Sourcezacks.com - Jun 16
-0.57%
last session
Bank of America has issued a Buy rating for TeraWulf (WULF), citing strong growth prospects and recent product laun...
Updated after market close
Jun 17, 2026
Valuation Pulse
Are Crypto Stocks cheap or expensive right now?
DCF valuations and Wall Street ratings across the theme.
Data as of Jun 18, 2026 (EOD)
20 stocks in theme - 14 with full coverage
DCF Valuation
(Intrinsic Value)14
of 20
covered
Undervalued
1(7%)
Fair Value
3(21%)
Overvalued
10(71%)
Top DCF Upside (Undervalued Only)
View allWall Street Consensus
(Price Targets)19
of 20
covered
Buy / Strong Buy
17(89%)
Hold
2(11%)
Sell / Strong Sell
0(0%)
Coverage Snapshot
Consensus is based on 19 stocks with analyst price targets. DCF analysis is based on 14 stocks with intrinsic value estimates.
Valuation Distribution
(19 covered stocks)Theme Valuation Score
2.4
Cheap
Scale: 1 (Cheap) to 5 (Expensive)
1
Bargain
5 stocks (26%)
>= +30%
2
Cheap
5 stocks (26%)
+10% to +30%
3
Fair
7 stocks (37%)
-10% to +10%
4
Expensive
1 stocks (5%)
-25% to -10%
5
Very Expensive
1 stocks (5%)
<= -25%
Valuation score blends Wall Street target upside at 65% weight and DCF upside at 35% weight when both are available; single-source covered stocks use the available signal. Higher score means more expensive.
Earnings Calendar
Upcoming Earnings in Crypto Theme
Companies reporting in the next 30 days. Earnings dates and estimates can change as reports approach.
| Company | Reports | Timing | Est. EPS | Est. Revenue |
|---|---|---|---|---|
 HIVEHIVE Digital Technologies Ltd. | Wed, Jun 24 | After Close | -$0.21 est. | $80M est. |
Estimates are based on available consensus data. BMO = Before Market Open, AMC = After Market Close.
Research & Methodology
How to evaluate Crypto Stocks
Methodology, investment thesis, and key risks for this theme.
Show DetailsHide Details
Research & Methodology
How to evaluate Crypto Stocks
Methodology, investment thesis, and key risks for this theme.
How we evaluate these stocks
Our methodology
We separate exchanges, miners, infrastructure companies, balance-sheet holders, and payment networks. The page weighs crypto sensitivity against profitability, dilution risk, liquidity, and regulatory exposure.
- Bitcoin and crypto beta by business model
- Revenue durability through market cycles
- Mining costs, power access, and balance-sheet risk
- Dilution and cash burn for smaller names
- Regulatory exposure for exchanges and stablecoin-linked models
Investment thesis
Why this theme exists
Crypto equities can offer operating leverage to digital-asset adoption, trading activity, custody, payments, and mining economics. The best names survive drawdowns and participate when liquidity returns.
- Exchanges benefit from trading volume and custody demand
- Miners can offer leveraged Bitcoin exposure
- Payment networks can monetize stablecoin and settlement use
- Balance-sheet holders move with crypto asset prices
- Institutional adoption can broaden the revenue base
Key risks
What could go wrong
Crypto stocks can amplify both upside and downside. Bitcoin drawdowns, regulation, energy costs, dilution, and weak profitability can quickly overwhelm the long-term adoption story.
- Bitcoin drawdowns can pressure the whole group
- Regulation can hit exchanges, custody, and stablecoins
- Miners face power-cost and difficulty pressure
- Weak balance sheets can force dilution
- Revenue can fall sharply when trading volume dries up
FAQ
Frequently asked questions
Common questions investors have about the Crypto Stocks theme.
01What are crypto stocks?
Companies whose revenue or stock price is materially driven by cryptocurrency markets — primarily Bitcoin price, blockchain adoption, and trading volume. Spans Bitcoin miners (MARA, RIOT, CLSK), exchanges (COIN), treasury plays (MSTR), payment networks (Visa, PayPal), and banks offering digital-asset custody (JPMorgan, Goldman).
02What are the best Bitcoin mining stocks — Marathon, Riot, or CleanSpark?
Marathon (MARA) is the largest by hash rate and market cap. Riot (RIOT) operates one of the lowest-cost facilities in North America. CleanSpark (CLSK) has grown aggressively and ranks among the most efficient by cost per BTC. Key differentiators: hash rate growth, all-in production cost, energy contracts, and dilution history.
03Is Coinbase stock a good investment?
Coinbase is the dominant US-regulated exchange with broad products — spot trading, staking, custody, Base L2, USDC economics. Revenue is heavily tied to trading volume, making it cyclical. Key metrics: transaction revenue, subscription/services revenue (more durable), and regulatory clarity (COIN has been at center of SEC enforcement).
04Is MicroStrategy stock basically Bitcoin?
Effectively yes — with leverage. MSTR has converted its treasury into a Bitcoin holding strategy, purchasing BTC with cash, debt, and equity raises. Stock correlates closely with BTC but moves with amplified volatility due to leverage and premium-to-NAV dynamics. The original software business is a minor contributor.
05How does the Bitcoin halving affect mining stocks?
Every four years, block rewards are cut 50% — creating immediate margin squeeze for miners. Those with high production costs become unprofitable unless BTC price rises. Historically, halvings have preceded bull runs as reduced supply meets demand. Key: which miners can survive post-halving margin compression. Check gross and operating margins.
Related Themes
Continue from Crypto Stocks into adjacent themes
Curated theme paths that share catalysts, supply chains, or investor workflows with this page.
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