There are many reasons why someone may want to invest in crypto/Bitcoin, without actually buying the asset itself, they may not be happy with managing their own security/keys, but also not want to leave it on an exchange, they may want to invest through something like a pension scheme, which in some countries doesn't all crypto investments and can only use traditional stock brokers, they may want to invest in crypto but also hedge with a company that is diversified into other areas also so not 100% reliant on crypto. This discussion is not about the pros/cons of this option, but more what options there are. Personally, I prefer to buy my crypto and look after it myself, however there are situations where this may not be practical or possible and there isn't much to help people who want to consider this option.
Obviously with current stock market conditions and crypto bear market, most of these companies stocks are way below ATH, so could represent a good buying opportunity, but these are by their very nature risky investments - do not invest more than you can afford to lose and be aware they may well have further to drop before we hit the bottom. Even if Bitcoin does well in future, will these companies have enough resources and diversification to survive the bear market?
What options are there?
The main options would be:
1) crypto ETFs
2) investing in companies whose primary or secondary business is related to cryptocurrency - trading/mining etc..
3) investing in companies that have large amounts of crypto as a business asset, they may or may not be involved with crypto as their primary business
Obviously 2) and 3) will have some overlap.
Crypto ETFs
These are starting to become more available, but there are still regulatory hoops to jump through and in many jurisdictions they are not currently available, Grayscale are looking to provide one in the US for example. May be more of an option in the future. There is also a Grayscale 'Future of Finance' ETF which is not primarily crypto based but does include a number of companies with crypto/blockchain based technologies.
Companies Whose Business is Cryptocurrency or Related to Cryptocurrency
Coinbase - COIN:NASDAQ
Cryptocurrency exchange, the only publically listed exchange at the time of writing, significantly down from IPO price, also holds around 4500 BTC.
Marathon Digital Holdings - MARA:NASDAQ
Bitcoin mining company based in Texas, holds around 10,000 BTC.
Hut 8 Mining Corp - HUT: NASDAQ
Bitcoin mining company - holdings are around 7000 BTC
Riot Blockchain, Inc - RIOT:NASDAQ
Bitcoin mining company - holdings are around 6500 BTC
NVIDIA - NVDA:NASDAQ
Graphics card company, has in part seen large growth with use of its graphics cards for mining BTC and ETH in particular, may see reduction in demand with ETH moving to PoS and rising energy and raw material costs, but also has plenty of non-crypto related business to keep afloat.
AMD - AMD:NASDAQ
Graphics card & microprocessor company, has in part seen large growth with use of its graphics cards for mining BTC and ETH in particular, may see reduction in demand with ETH moving to PoS and rising energy and raw material costs, but also has plenty of non-crypto related business to keep afloat.
Companies Who Have Large Cryptocurrency Holdings
Microstrategy - MSTR:NASDAQ
Holds approx 130K BTC, more than any other listed company. Share price heavily tied to BTC price.
Block Inc. (Square) - SQ:NYSE
Square payment processing company, also owns Cash App and Afterpay, has approx 8k BTC also.
Tesla - TLSA:NASDAQ
Electric car company well known for Elon Musk's controversial and eccentric management, holds 43k BTC.
Obviously these lists are not exclusive and is just to encourage thinking outside the box and to encourage those who have experience in stock markets but haven't yet included crypto exposure to their portfolio to consider these options. There are many other crypto related companies, and may well be others in future that are not currently publicly listed. Just like cryptocurrency itself, these businesses will/may be highly volatile and are very high risk investments, approach with caution!
The following link shows current business BTC holdings:
Listing of BTC holdings by companies.
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