As cryptocurrency adoption grows, investors are increasingly turning to crypto-related stocks for exposure to the sector. Bitcoin miners such as HIVE Digital ($HIVE), infrastructure providers such as Bitdeer Technologies ($BTDR), and companies holding digital assets such as Strategy ($MSTR) offer different ways to participate in the industry’s growth, although they can also be highly volatile.
Using TipRanks’ Stock Comparison Tool, we identified three crypto-related stocks with a “Strong Buy” consensus rating and more than 150% upside potential over the next 12 months.
HIVE Digital – HIVE Digital operates renewable energy-powered data centers for Bitcoin mining. It also leases high-performance GPUs for AI and cloud computing, providing exposure to both the cryptocurrency and AI markets. In the last three months, seven Wall Street analysts covering HIVE stock rated it a Buy, with one assigning a Hold rating. Their 12-month average HIVE Digital price target indicates an upside of nearly 168.9%.
Strategy – Strategy develops enterprise analytics software and is also the world’s largest corporate holder of Bitcoin (BTC-USD). Strategy disclosed in an SEC filing on August 10 that it sold 1,690 Bitcoin for about $108.6 million, realizing a loss of roughly $18.8 million. The sale reduced its Bitcoin holdings to 840,447 BTC. These transactions are part of the firm’s new capital strategy, which gives it greater flexibility to sell Bitcoin, manage liquidity, and buy back securities.
Over the last three months, 12 Wall Street analysts covering MSTR stock rated it a Buy, while one rated it a Hold. Together, their 12-month average Strategy price target indicates an upside of more than 165.5%.
Bitdeer Technologies – Bitdeer Technologies is a Bitcoin miner that also develops mining machines and provides infrastructure services to other crypto mining companies. Over the last three months, 10 Wall Street analysts covering BTDR stock have rated it a Buy and one analyst rated it a Hold. Combined, their 12-month average Bitdeer price target indicates an upside of 152.2%.
Ending Thoughts
These three stocks offer different ways to invest in the growing cryptocurrency market, but they also carry higher volatility than the broader market. Despite the risks, Wall Street analysts see HIVE Digital, Strategy, and Bitdeer Technologies as well positioned to benefit from rising Bitcoin prices and wider crypto adoption.
