Best Bitcoin Stocks to Follow Today - March 14th

Today's top Bitcoin stocks to consider are the iShares Bitcoin Trust, MARA, CleanSpark, Riot Platforms, and TeraWulf. According to a stock screener tool, these companies are significant players in the Bitcoin ecosystem. Bitcoin stocks represent shares in publicly traded companies that engage with Bitcoin, whether through direct investments in the cryptocurrency, mining efforts, or offering associated products and services. By investing in these stocks, investors can get indirect exposure to Bitcoin price shifts without the need to physically buy Bitcoin.

iShares Bitcoin Trust (IBIT)

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund primarily focused on long positions in Bitcoin while shorting U.S. dollars. It’s a passively managed fund aiming to follow the spot price of Bitcoin. Launched on January 5, 2024, it is managed by BlackRock. On Friday, IBIT shares rose by $2.79 to reach $48.31, with a trading volume of 19,815,203 shares compared to an average volume of 47,734,688. Over the last twelve months, the stock saw a low of $28.23 and a high of $61.75. The current 50-day moving average is $54.18, while the 200-day moving average stands at $47.51.

MARA (MARA)

MARA shares increased by $1.08 during Friday's midday trading, bringing the price to $13.24. The exchange saw 23,658,219 shares traded, against an average of 46,313,648. MARA has a debt-to-equity ratio of 0.22, a current ratio of 4.00, and a quick ratio of 4.00. Its 12-month price range has been $12.05 to $30.28, with a market cap of $4.58 billion and a P/E ratio of 16.75. The 50-day moving average for MARA stands at $16.73, while its 200-day moving average is $18.26.

CleanSpark (CLSK)

CleanSpark, Inc. functions as a Bitcoin miner across the Americas, operating data centers that run mainly on low-carbon power. The company promotes Bitcoin as a digital asset and a means for financial independence. CleanSpark, formerly known as Stratean Inc., traded up $0.20 to $7.89 on Friday, with 9,659,525 shares exchanged, compared to an average of 29,003,035 shares. The stock has a 52-week low of $7.22 and a high of $24.72, with a market cap of $2.21 billion and a P/E ratio of 71.87.

Riot Platforms (RIOT)

Riot Platforms, Inc. operates as a Bitcoin mining company in North America and encompasses three segments: Bitcoin mining, data center hosting, and engineering. It provides co-location services for larger Bitcoin mining operations and manages data centers. On Friday, RIOT increased by $0.51, reaching $7.82. The number of shares traded was 8,518,522 versus an average of 30,245,867 shares. RIOT has a market cap of $2.74 billion and a P/E ratio of 18.18 with a 52-week range of $6.36 to $15.87.

TeraWulf (WULF)

TeraWulf shares climbed $0.24 to reach $3.23 with 19,077,577 shares traded, versus an average of 44,098,484. The company features a 52-week low of $1.57 and a high of $9.30. Its current market cap stands at $1.24 billion, and it has a P/E ratio of -16.33.

Investors looking to get involved in Bitcoin can consider these stocks as potential options to gain exposure in the growing cryptocurrency market. As always, it’s recommended to conduct thorough research and consult financial experts before making investment decisions.

Bitcoin, Stocks, Investing