BTC

Five Ways to Invest in Bitcoin Through the Stock Market

chain

You looking for some traditional ways to invest in bitcoin? With these plays you can support companies in the stock market aligned with the industry.

BSCN

December 8, 2022

Five Traditional Bitcoin Plays

Despite crypto and blockchain still operating in a very unregulated environment and devoid of many consumer protections, several mainstream stock market investments can, directly and indirectly, support Bitcoin.

Here we give you five plays to diversify your portfolio’s exposure to Bitcoin.

1. Grayscale Bitcoin Trust (GBTC)

Source

Grayscale Bitcoin Trust (BTC) is an exchange-traded fund that invests in Bitcoins launched and managed by Grayscale Investments, LLC. GBTC allows investors exposure to BTC that takes the form of a security while avoiding the direct challenges of buying, storing, and safekeeping BTC. Grayscale currently faces litigation over issues with its Bitcoin Trust product.

GBTC recently traded at $8.11.

Where to find Grayscale:

Website | Twitter | LinkedIn | Bitcoin Trust |


2. Coinbase (COIN)

Source

Coinbase is one of the most popular and trusted cryptocurrency exchanges in the world, with over 35 million customers in over 100 countries. Coinbase recently revealed over 2 million BTC in reserves, equivalent to nearly $40 billion. Coinbase also offers a variety of other services, such as an online wallet and a secure storage service called Coinbase Custody. Coinbase has been the subject of some controversy due to its high fees and lack of customer service. Coinbase was founded in 2012, is based in San Francisco, Calif., and is a publicly traded entity.

COIN recently traded at $41.26.

Where to find Coinbase:

Website | Twitter | LinkedIn |


3. Bakkt (BAKKT)

Source

Bakkt is a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients. Bakkt facilitates the trading of digital assets such as Bitcoin, Litecoin, and Ethereum, as well as the physical delivery of Bitcoin futures contracts. Bakkt provides merchants and customers with an open, secure, and compliant platform to trade digital assets worldwide. Bakkt posted quarterly net revenue of $12.9 million, a year-over-year increase of 41%.

BAKKT recently traded at $1.6601.

Where to find Bakkt:

Website | Twitter | LinkedIn |


4. MicroStrategy (MSTR)

Source

MicroStrategy is a business intelligence platform that enables companies to analyze data and create insightful visualizations. It helps organizations quickly make data-driven decisions and offers a suite of mobile and cloud-based analytics solutions. MicroStrategy provides access to data from multiple sources and allows users to create interactive dashboards, scorecards, and reports. MicroStrategy notably holds around 130,000 Bitcoin, roughly $3 billion. The Bitcoin at Microstrategy was purchased at the average price of $30,639. The co-founder and executive chairman Michael Saylor is a famous advocate of Bitcoin.

MSTR recently traded at $193.49.

Where to find MicroStrategy:

Website | Twitter | LinkedIn |


5. Block [formerly Square] (SQ)

Source

Block is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD54566975, Block builds tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Block is reportedly building out a Bitcoin mining endeavor. Block and Twitter founder Jack Dorsey is a notable advocate for Bitcoin and decentralized technology.

SQ recently traded at $61.07.

Where to find Block:

Website | Twitter | LinkedIn |

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].

Author

BSCN

BSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.

Project & Token Reviews

Learn about the hottest projects & tokens

Join our newsletter

Sign up for the very best tutorials and the latest Web3 news.

Subscribe Here!
BSCN

BSCN

BSCN RSS Feed

BSCN is your go-to destination for all things crypto and blockchain. Discover the latest cryptocurrency news, market analysis and research, covering Bitcoin, Ethereum, altcoins, memecoins, and everything in between.