The cryptocurrency market has been on fire this year, with Bitcoin (CRYPTO: BTC) hitting new all-time highs and soaring around 300% since 2023. However, there have been some other crypto investments that have outperformed the popular digital currency during that time frame.
Coinbase Global (NASDAQ: COIN), MicroStrategy (NASDAQ: MSTR), and CleanSpark (NASDAQ: CLSK) have all seen impressive gains since last year, with Coinbase Global leading the pack with a 518% increase. Coinbase Global operates a popular cryptocurrency exchange that benefits from the growing popularity of crypto. The company reported a profit of $94.9 million in 2023, a significant improvement from the previous year.
CleanSpark, a Bitcoin miner, has seen a 765% increase in its stock price since 2023. The company’s CEO, Zach Bradford, remains optimistic about the company’s future despite the recent halving event affecting production.
MicroStrategy, a business intelligence solutions provider, has seen a whopping 790% increase in its stock price since last year. The company’s CEO, Michael Saylor, is bullish on Bitcoin and the company owns a significant amount of the cryptocurrency.
While these stocks have seen impressive gains, investors should be cautious as the crypto market is highly volatile. It’s important to do thorough research and consider the risks before investing in these stocks.
Overall, the cryptocurrency market continues to be a hot topic for investors, and these three stocks have certainly made a splash with their impressive gains.