What it means for a stock to tied to bitcoin

As we know, bitcoin is one of the most famous and traded cryptocurrencies.

But it is not regulated by the government or any government institute. It is
also not like the stock of any company, and the bitcoin is not registered in
the stock market; still, It is engaged with several companies and their stock
price directly and indirectly.
The companies involved with bitcoin-related activity ( such as mining,
holding a substantial amount of bitcoin in reserve ) or their primary focused
market are bitcoin users are considered to be tied with bitcoin. And Their
stocks price are tied to bitcoin.

Stocks and companies that are tie to bitcoin

Here is the list of five stocks that are tie to bitcoin
1. MicroStrategy Incorporation ( MSTR):-

It is the largest independent publicly-traded business intelligence company,

with the leading enterprise analytics platform. The company provides
modern analytics on an open, comprehensive enterprise platform used by
many world-famous brands.
The company features hyperintelligence technology ( a breakthrough
technology that overlays actionable enterprise data on popular business
applications to help users make more innovative and fast decisions).
The company’s main focuses are to growing the enterprise analytics
software business and acquiring and holding bitcoins. The company
recently purchased and held an aggregate of approximately 90,531 bitcoins
acquired at an aggregate purchase price of roughly $2.3 billion. The
company’s total market capitalization is about $7.3 billion, so we can say
that around 31% of the company portfolio relies on bitcoin. Also, the
portfolio of the company is diversified, so it has less risk.

2. Riot Blockchain (RIOT):-

Riot Blockchain is one of the largest public-traded bitcoin miners company
in North America, and the company focuses on supporting the bitcoin
ecosystem through proof-of-work mining. The company has launched its
bitcoin mining operation, and it is a focal point for riot’s expansion plan
moving forward.
Riot Blockchain has invested in unique projects, which decentralize
markets, combining real-world applications with an active development
team, strong fundamentals, and large addressable markets.
The market capitalization of the company is around $3.3 billion. The is
directly related to bitcoin and also improving its technology, so the company
has future potential.

3. Marathon Patent (MARA):-

Marathon patent is a digital asset technology company that mines several
cryptocurrencies, including bitcoin, on the blockchain ecosystem. The
company is still in the developing phase. Once fully deployed, the
Company’s mining fleet will consist of more than 103,000 miners capable of
producing 10.36 EH/s. The company has approximately 2060 advanced
ASIC bitcoin minors. The company is considered to be one of the largest
bitcoin mining companies. Marathon patent is the first cryptocurrency
company that is registered on the stock market.

Along with crypto mining, The company also has invested in

cryptocurrency. The company announced that it had purchased a whopping
4,812.66 BTC. At that time, Marathon Patent Group’s aggregate purchase
price for Bitcoin was $150 million, the total market capitalization of the
company is around $3.5billion.

4. Ault Global Holdings (DPW):-

Ault global holding inc. Holds interests in a wide range of companies and
focuses on identifying undervalued public & private equity and disruptive
technology that execute the strategy to achieve the above market rate
returns liquidity for investors, Ault Global Holdings, Inc.’s interest may be
subject to buy/sell procedures, repurchase rights, or dilution.
The company has announced that it has resumed bitcoin mining through its
wholly-owned subsidiary. The Company’s Executive Chairman said that
“We have significantly strengthened our balance sheet, which allows us to
invest in growing our cryptocurrency mining operations. We believe that we
can withstand better the volatility associated with cryptocurrency mining, as
we have secured a low-cost energy source that we control. We believe our
improved capital structure combined with low energy costs at a facility we
own positions the Company for success”.
As the company has a diversified portfolio and plans and growth
opportunities for the future, so this is an excellent stock to look after. Also, it
is growing in the sector of cryptocurrency (mainly Bitcoin ), so it is one of
the best alternatives for bitcoin investing.

5. W Data Action Technologies (CNET):-

It is a Chinese stock listed on the Nasdaq, and it is an integrated online

advertising, precision marketing, data analytics, and other value-added
services company.
Now the company has announced the completion of its Blockchain
Integrated Framework for Retail Business, or BIF. With its strategic move to
expand to the blockchain industry, ZW Data has devoted its efforts to the
research and development of blockchain underlying technology. Because of
this growing technology, it is now entering into the cryptocurrency business.
The company’s market capitalization(around $50 million) is not that great.
Still, The company can highly impact bitcoin.

These are some of the stocks tied with bitcoin, so if you want to invest
indirectly in bitcoin, you can invest in these companies (not recommend, do
your research), which has less risk than a direct investment bitcoin.