In its Series B round, FTX raised a record $900 million. In 2020, global crypto hedge fund assets under management are expected to reach $3.8 billion. Among the notable cryptocurrency stocks are Mastercard, PayPal, Square, and NVIDIA.
Insider Monkey analyzes the list of the best cryptocurrency stocks to buy according to hedge funds. Hut 8 Mining Corp. is a cryptocurrency miner based in Canada that specializes in Bitcoin mining. The company recorded 264 mined bitcoins in September, with a daily output rate of 9.11 bitcoins. In the past year, the stock has increased by 1,351 percent. Hut 8 Mining Corp. is a Bitcoin mining company based in Canada. The company reported 264 bitcoins mined in September, with a daily output rate of 9.11 bitcoins. In the last year, the stock has risen by 1,351%. Insider Monkey observed 19 hedge funds with interests in the firm in Q2, with a total value of $108.8 million. Marathon Digital Holdings, Inc. gave shareholders a 2,098 percent return last year. The cryptocurrency trading platform Coinbase Global, Inc. went public in April 2021. In the last month, the stock has increased by 24.02 percent. Insider Monkey analyzed 49 hedge funds that have positions in the firm for over $2.9 billion. Tesla, Inc. has long been a proponent of digital currencies, and in February 2021, it began accepting them as payment. Insider Monkey has identified 60 hedge funds that have invested in the company, compared to 62 in the previous quarter. These interests are worth more than $9.2 billion. For more details, click 11 Best Cryptocurrency Stocks To Buy According To Hedge Funds.