3 ‘Strong Buy’ Crypto Stocks with 100%+ Upside
As cryptocurrency adoption continues to expand, investors are increasingly turning to crypto-related stocks for exposure to the sector. From Bitcoin miners and infrastructure providers to companies holding digital assets, like Strategy (MSTR), businesses are offering different ways to benefit from the industry’s growth. Despite ongoing volatility, many investors remain optimistic about the long-term outlook for cryptocurrencies.
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Using TipRanks’ Stock Comparison Tool, we identified three crypto-related stocks with a “Strong Buy” consensus rating that offer more than 100% upside potential over the next 12 months.
Strategy (MSTR) – Strategy develops enterprise analytics software and is also the world’s largest corporate holder of Bitcoin (BTC-USD). The company recently sold about $105 million worth of Bitcoin to boost its cash reserves and share buybacks. Strategy disclosed in a regulatory filing on Monday, August 3, that it sold 1,638 Bitcoin for about $105 million last week. The company also sold about 3 million common shares, raising roughly $291 million. 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 169%.
HIVE Digital (HIVE) – 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 147%.
Bitdeer Technologies (BTDR) – 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, eight Wall Street analysts covering BTDR stock have rated it a Buy and two analysts rated it a Hold. Combined, their 12-month average Bitdeer price target indicates an upside of 110%.
Ending Thoughts
These three stocks provide different ways to gain exposure to the growing cryptocurrency market, though they come with higher volatility than the broader market. While investors should carefully consider the risks, Wall Street analysts believe HIVE Digital, Bitdeer Technologies, and Strategy are well positioned to benefit from rising Bitcoin prices and broader crypto adoption.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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