The cryptocurrency industry has displayed a significant increase in price volatility as the market is days away from the upcoming Bitcoin Halving. With the upcoming major event, the crypto market is set to pave the path toward a new all-time high (ATH) in the coming time.
With the upcoming halving, not only the cryptocurrencies but some companies from the stock market are also about to experience a significant uptrend in their respective portfolio as these listed companies are highly linked to the crypto industry.
Marathon Digital (MARA):
Marathon Digital is an American digital asset technology company that engages in cryptocurrency mining. It is highly focused on building one of the largest, most sustainable, and efficient Bitcoin mining operations in the world.
Marathon Digital (MARA) has a stock price of $20.87 and a market cap of $4.14 Billion. Further, the company is heavily involved in Bitcoin as it holds 16,930 BTCs at the time of writing this article.
Block Inc (SQ):
Formally known as Square, INC is a U.S. company that was founded by Jack Dorsey and Jim McKelvey in the year 2009. The SQ is a financial service and mobile payment company that sells a wide range of products through the company.
The Block is currently serving 56 Million+ users and over 4 Million business companies. Its stock price at the time of writing was $ and a marketcap of $. Further, the Block has 8,038 Bitcoins which are worth over $340 Million in valuation that was reported on the 31st December 2023.
Riot Platforms (RIOT):
Acquired by Tencent in 2011, the Riot Platform is primarily focused on Bitcoin mining and is a digital infrastructure firm. Reportedly, it is said to be the biggest operator of Bitcoin mining facilities in North America. Further, the company is also buying cryptocurrencies and blockchain-based businesses.
At the time of writing, the share price of one RIOT was $11.40 with a market cap of $2.89 Billion. Moreover, the company also holds 7,362 Bitcoins which are valued at over $310 Million as per the BTC price on the last trading day of 2023.