Bitcoin vs. BTC-virksomheder: Hvad er det bedre køb?

Bitcoin (BTC) har behandlet sin trofaste godt i 2023, efter at være steget over 80% år til dato. Der kan dog være bedre måder for investorer at udnytte aktivets succes udover at stable faktiske indsatser.

Her er et kig på, hvordan nogle Bitcoin-relaterede aktiver og virksomheder klarer sig ved siden af ​​BTC, fra finansielle virksomheder til mineaktier.

Mineaktier blomstrer

Aktier for flere børsnoterede Bitcoin-minearbejdere steg fredag, inklusive CleanSpark (CLSK; 11.32 %), Riot Platforms (RIOT; 14.33 %) og Hut 8 (HUT; 6.14 %). Bitcoin steg derimod kun med 1.42 pct.

Alene i år har alle tre minearbejdere set deres aktiekurser være mindst tredoblet i værdi. Det rivaliserende mineselskab Iris Energy, som steg 9.5 % i fredags, er steget hele 48 % siden 1. januar.

Minearbejdernes balancer og indtægter er direkte forbundet med Bitcoins pris, da sådanne virksomheder modtager et fast antal Bitcoin hvert tiende minut som nyslåede mønter fra netværket.

Many such miners have made major infrastructure investments this year in preparation for the “halving” – an event that cuts Bitcoin’s network emissions in half and is widely thought to catalyze Bitcoin bull markets.

While the industry’s upside looks promising, it can also encounter even greater downside volatility than BTC. Core Scientific (CORZQ), for example, saw its share price collapse over 80% in a single day in October after afslørende it was not in a position to pay back its debt.

Børser og ETF'er

Another publicly traded firm outpacing Bitcoin this year is Coinbase (COIN) – up 134% YTD. Though the U.S. Securities and Exchange Commission (SEC) sued the exchange last month, Bitcoin’s positive price action, Coinbase’s optimistic Indtjeningstal for 1. kvartal, and a partnership with BlackRock for a planned Bitcoin spot ETF all spell good fortune for the company.

BlackRocks ansøgning har markeder mere optimistiske over, at en spot-ETF endelig kunne komme forbi SEC, hvilket baner vejen for andre firmaer at følge trop.

This makes the Grayscale Bitcoin Trust (GBTC) another enticing buy: Shares for the fund have traded at a rabat well below the value of its underlying Bitcoin for years. However, if its effort to convert into a spot ETF proves successful, that discount will immediately be restored to parity, creating added value for investors. The discount currently stands at 27%.

Until a Bitcoin spot ETF is approved, MicroStrategy (MSTR) is one of the better alternatives that are available, up 162% YTD. The software company – whose balance sheet includes over 150,000 BTC – frequently issues stock to buy more Bitcoin, much like an ETF.