Blockchain Technology Stocks

- June 29th, 2020

The blockchain technology sector is maturing. Here’s a look at a few top blockchain technology stocks.

The blockchain technology sector has experienced notable growth over the past few years. 2021 is shaping up to be another interesting year as well, leading many investors to ask the question, “What are the best blockchain technology stocks?”

As Boston Consulting Group’s Zia Yusuf notes in Barron’s, “The combination of blockchain, the internet of things (IoT) and artificial intelligence (AI) for optimizing supply chains is profoundly exciting. In certain industries with complex supply chains and thin margins, applying the combination of these emerging technologies to logistics and supply functions has the potential to be a real difference maker.”

In its 2020 Global Blockchain Survey, Deloitte states that 55 percent of companies surveyed consider blockchain technology to be one of their top five strategic priorities, while 36 percent of respondents said they are planning at least US$5 million in spending on blockchain technology over the next 12 months.

 

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PayPal’s (NASDAQ:PYPL) recent launch of online payment service that allows customers to buy, hold and sell cryptocurrencies within their accounts is no doubt a significant catalyst for the blockchain sector.

Investing in blockchain technology stocks

As blockchain technology continues to mature, there will still be many opportunities for investors. Blockchain is not a physical asset that can be purchased, so investors are turning to other means of gaining exposure to this segment of the tech market. There are a number of options for investing in blockchain technology, including blockchain exchange-traded funds or blockchain stocks.

Below are just a few blockchain technology stocks for investors to consider. These are three of the top performing blockchain technology stocks on the NASDAQ and are listed by market cap at the time of publication.

1. Riot Blockchain (NASDAQ:RIOT)

Market cap: US$3.52 billion

Riot Blockchain was one of the first pure play blockchain companies on the NASDAQ.

This blockchain stock focuses on cryptocurrency mining of bitcoin and the company’s stock price has risen right alongside the cryptocurrency markets in recent years.

Since early 2020, Riot has been completely focused on expanding and upgrading its mining capabilities, securing the most energy efficient miners currently available. “We are at an exciting and critical juncture in our industry, with Bitcoin positioned to disrupt the global financial system,” said newly appointed Riot CEO Jason Les.

2. Overstock.com (NASDAQ:OSTK)

Market cap: US$3.22 billion

While not a pure blockchain company, Overstock.com was among the first US retailers to accept bitcoin. In 2018, the company introduced tZERO, a security token trading platform, allowing accredited investors to trade tokens through broker-dealer Dinosaur Financial Group.

In addition to its tZERO token, in 2014 Overstock.com created Medici Ventures, a subsidiary that invests in blockchain ventures spanning from finance to agriculture. In 2021, Overstock.com is partnering with Pelion Ventures to transform Medici Ventures into a blockchain-focused investment fund.

3. Marathon Patent Group (NASDAQ:MARA)

Market cap: US$3.18 billion

As with Riot, Marathon Patent Group is one of the first publicly traded blockchain companies on the NASDAQ. One of the largest Bitcoin mining companies in North America, Marathon’s mining fleet continues to grow. In February 2021, the company increased its mining capacity via the purchase of an additional 4,000 miners, representing a 256 percent increase in its hashrate production. Once installed, Marathon’s mining fleet will consist of 6,560 miners producing approximately 688 (petahash per second) PH/s.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

 

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44 responses to “Blockchain Technology Stocks

  1. I am interested in one or two layers down for the industry. What public listed companies are supplying the hardware or supplying hardware/operating software systems on a large scale? And then another layer down, what companies supply any special hardware components specific to the systems (chip sets, power supply, etc.) .

  2. I am interested in one or two layers down for the industry. What public listed companies are supplying the hardware or supplying hardware/operating software systems on a large scale? And then another layer down, what companies supply any special hardware components specific to the systems (chip sets, power supply, etc.) .

  3. INTV (Integrated Ventures) on the OTC market (US) you should add. All they do is crypto mining. They only have a 7 million share float and they are apparently profitable out of the box.

  4. INTV (Integrated Ventures) on the OTC market (US) you should add. All they do is crypto mining. They only have a 7 million share float and they are apparently profitable out of the box.

  5. Do not overlook Overstock.com OSTK and their T0 platform which is already a champion of the SEC and about 70 Hedgefunds are on it already. George Soros bot 2.4mln shares in November…. 😉

  6. Do not overlook Overstock.com OSTK and their T0 platform which is already a champion of the SEC and about 70 Hedgefunds are on it already. George Soros bot 2.4mln shares in November…. 😉

    1. These stocks only trade on a range of exchanges – so it makes it more difficult to buy or sell them (you will need a broker who offers trading on the individual exchanges).
      CSE = Canadian Securities Exchange = #1 360 Blockchain [CODE]
      OTCQB = The US-based venture stage marketplace for smaller or early-stage companies (This is the middle tier of three marketplaces for trading over-the-counter stocks).
      = #2 BCTS
      OTCMKTS: is the largest of the 3 US-based OTC markets = #10
      TSXV: Canadian-based TSX Venture Exchange (formerly the Canadian Venture Exchange)
      = #3; #6; #7 and #8
      NEX is the London-based entrepreneurial Exchange = #4
      ASX = Australian Stock Exchange (#5 = Digital X [DCC])
      NASDAQ = one of the major US Exchanges = #9 and #11

      So a bit of work to do across Canada; US; UK and Aust… Good luck!!

    1. These stocks only trade on a range of exchanges – so it makes it more difficult to buy or sell them (you will need a broker who offers trading on the individual exchanges).
      CSE = Canadian Securities Exchange = #1 360 Blockchain [CODE]
      OTCQB = The US-based venture stage marketplace for smaller or early-stage companies (This is the middle tier of three marketplaces for trading over-the-counter stocks).
      = #2 BCTS
      OTCMKTS: is the largest of the 3 US-based OTC markets = #10
      TSXV: Canadian-based TSX Venture Exchange (formerly the Canadian Venture Exchange)
      = #3; #6; #7 and #8
      NEX is the London-based entrepreneurial Exchange = #4
      ASX = Australian Stock Exchange (#5 = Digital X [DCC])
      NASDAQ = one of the major US Exchanges = #9 and #11
      So a bit of work to do across Canada; US; UK and Aust… Good luck!!

  7. Hi

    Good leads on blockchain cos..how one can invest in NASDaq traded blockchain public companies? The above report if rating was given would have been good..anyways keep up the good work..great insights on the future of payment and other key blockchain offerings in the pipeline.. How about pharma related blockchain offerings?

    Keen on investing small amounts in Blockchain companies and also in Bitcoins – let me know how is Ripple.com as a disruptor in payment solution via blockchain solution and how one can invest in such startups which are still yet to go public. Novice in investing but keen on parking some of my savings in bitcoin(s) / blockchain cos in Fin or Pharma sector.

    Cheers

  8. Hi
    Good leads on blockchain cos..how one can invest in NASDaq traded blockchain public companies? The above report if rating was given would have been good..anyways keep up the good work..great insights on the future of payment and other key blockchain offerings in the pipeline.. How about pharma related blockchain offerings?
    Keen on investing small amounts in Blockchain companies and also in Bitcoins – let me know how is Ripple.com as a disruptor in payment solution via blockchain solution and how one can invest in such startups which are still yet to go public. Novice in investing but keen on parking some of my savings in bitcoin(s) / blockchain cos in Fin or Pharma sector.
    Cheers

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