Best Bitcoin Stocks To Follow Today - March 14th

This article focuses on five Bitcoin stocks that investors should watch closely today: iShares Bitcoin Trust, Marathon Digital Holdings (MARA), CleanSpark, Riot Platforms, and TeraWulf. Bitcoin stocks represent shares in companies that are directly or indirectly involved in the Bitcoin ecosystem, including cryptocurrency investments, mining operations, and related services.

Bitcoin stocks allow investors to gain exposure to Bitcoin's price fluctuations while remaining within the traditional stock market framework, meaning you can invest in Bitcoin-related companies without having to buy actual Bitcoin. The companies mentioned here have experienced the highest dollar trading volumes in recent days, making them of particular interest.

iShares Bitcoin Trust (IBIT)

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund that primarily invests in Bitcoin by holding long positions and shorting U.S. dollars. Launched on January 5, 2024, this passively managed fund aims to track Bitcoin's spot price.

Recently, shares of IBIT saw an increase, trading up by $2.79 to reach $48.31, with a trading volume of 19,815,203 shares compared to its average volume of 47,734,688. The stock has fluctuated between a 12-month low of $28.23 and a high of $61.75, with its 50-day moving average sitting at $54.18 and the 200-day moving average at $47.51.

Marathon Digital Holdings (MARA)

The stock of Marathon Digital (MARA) increased by $1.08, reaching $13.24 on Friday. A total of 23,658,219 shares were exchanged, while its average volume stands at 46,313,648. The company holds a low debt-to-equity ratio of 0.22 and a current ratio of 4.00, indicating its strong financial position.

MARA's stock has a 12-month low of $12.05 and a high of $30.28. The current market cap is $4.58 billion, with a price-to-earnings (P/E) ratio of 16.75 and a beta of 5.95, reflecting its volatility in the market.

CleanSpark (CLSK)

CleanSpark (CLSK) serves as a Bitcoin miner operating primarily in the Americas. The company manages data centers that are predominantly powered by low-carbon energy, positioning itself as a player in sustainable Bitcoin mining.

Shares of CLSK traded up by $0.20, reaching $7.89. The trading volume registered at 9,659,525 against its average volume of 29,003,035. The stock has experienced a low of $7.22 and a high of $24.72 over the past year, with a market cap of $2.21 billion and a P/E ratio of 71.87.

Riot Platforms (RIOT)

Riot Platforms (RIOT), a Bitcoin mining company based in North America, operates through several segments including Bitcoin mining, data center hosting, and engineering services.

Recently, RIOT's stock increased by $0.51 to reach $7.82, with an exchange of 8,518,522 shares compared to an average of 30,245,867. It has a market capitalization of $2.74 billion and a P/E ratio of 18.18. Its stock has fluctuated between a low of $6.36 and a high of $15.87 in the past twelve months.

TeraWulf (WULF)

TeraWulf (WULF) shares increased by $0.24, hitting $3.23 on Friday. A total of 19,077,577 shares were traded, which is above its average trading volume of 44,098,484.

The stock has seen a low of $1.57 and a high of $9.30 within the last year, and it has a market cap of $1.24 billion with a P/E ratio of -16.33, indicating it is operating at a loss currently.

Conclusion

The five stocks highlighted — iShares Bitcoin Trust, Marathon Digital Holdings, CleanSpark, Riot Platforms, and TeraWulf — are worthy of consideration for investors looking to gain exposure to the Bitcoin market through publicly traded equities. With changing market dynamics, keeping an eye on these companies can provide opportunities for potential gains.

Bitcoin, Stocks, Investing