The cryptocurrency industry has seen a significant increase in price volatility as Bitcoin's halving is just days away. Upcoming major events will pave the way for the crypto market to reach new all-time highs (ATH) in the future.
For the upcoming halving, not only cryptocurrencies but also some companies in the stock market are about to experience a major upward trend in their respective portfolios as these listed companies have strong ties to the crypto industry .
Marathon Digital (MARA):
Marathon Digital is an American digital asset technology company engaged in cryptocurrency mining. The company is focused on building one of the world's largest, most sustainable and efficient Bitcoin mining operations.
Marathon Digital (MARA) has a stock price of $20.87 and a market cap of $4.14 billion. Additionally, the company is heavily involved in Bitcoin as it holds 16,930 BTC at the time of this writing.
Block Co., Ltd. (SQ):
INC, formally known as Square, is an American company founded in 2009 by Jack Dorsey and Jim McKelvey. SQ is a financial services and mobile payments company that sells a wide range of products through the company.
The Block currently serves more than 56 million users and 4 million businesses. At the time of writing, the stock price was $, and the market capitalization was $. Additionally, there are 8,038 Bitcoins in the block, with a reported valuation of over $340 million on December 31, 2023.
Riot Platform (RIOT):
Riot Platform, acquired by Tencent in 2011, is a digital infrastructure company primarily focused on Bitcoin mining. The company is reportedly the operator of the largest Bitcoin mining facility in North America. Additionally, the company has also acquired crypto and blockchain-based businesses.
At the time of writing, 1 RIOT's stock price was $11.40, with a market cap of $2.89 billion. In addition, the company also holds 7,362 Bitcoins worth over $310 million at the BTC price on the last trading day of 2023.
