Top 10 crypto stocks to watch in 2026

Crypto stocks are shares in companies whose business model is built around digital assets – mining bitcoin, running crypto exchanges, or holding cryptocurrency as a corporate treasury strategy. Strategy Inc. ($MSTR) represents the treasury approach, holding bitcoin as its primary asset while also running enterprise analytics software, whereas Coinbase Global ($COIN) and Riot Platforms ($RIOT) represent the exchange and mining sides of the list respectively.

How we built this list: We selected these companies based on their industry and ordered them by market capitalisation. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in US$. Data updated as of 29 September 2026.

✅ Learn more: Top 7 crypto ETFs to watch in 2026→

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1. Robinhood ($HOOD)

Robinhood (HOOD) share price over the last year: started at US$136.72, ended at US$116.22, a change of −15.0%. Range over the period: high US$152.46, low US$65.16. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$116.22 · Daily: -0.2% · Market cap: US$104.71B · Sector: Technology · Industry: Fintech

Built around a self-clearing brokerage platform, Robinhood Markets ($HOOD) covers retail investing, crypto, digital banking and private markets access. CEO Vlad Tenev leads a team of 2,900 people whose work spans options trading, fractional shares, margin investing and retirement accounts. $HOOD handles its own clearing and order routing in-house, which underpins the full product suite.

For crypto, the company operates Robinhood Crypto and Robinhood Wallet. $HOOD also owns Bitbuy and Coinsquare, both regulated crypto platforms. Those businesses give $HOOD licensed exchange operations alongside its own crypto services.

2. Strategy ($MSTR)

Strategy (MSTR) share price over the last year: started at US$326.42, ended at US$154.67, a change of −52.6%. Range over the period: high US$359.69, low US$82.31. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$154.67 · Daily: -1.6% · Market cap: US$61.07B · Sector: Technology · Industry: Software & IT

Strategy Inc. ($MSTR) holds bitcoin as its primary corporate treasury asset. The company also runs an enterprise analytics software business through its Strategy ONE platform, which delivers AI-powered workflows, reporting and embedded analytics to thousands of customers globally. Industries covered include retail, banking, healthcare, manufacturing and the public sector.

Strategy Mosaic sits alongside Strategy ONE as a data governance layer, providing consistent data definitions across tools and sources within an enterprise. CEO Phong Le leads a team of 1,539 employees. The bitcoin treasury position means $MSTR's financial profile tracks cryptocurrency markets alongside its software operations – a combination that makes it meaningfully different from a conventional software company.

3. Coinbase Global ($COIN)

Coinbase Global (COIN) share price over the last year: started at US$333.99, ended at US$190.02, a change of −43.1%. Range over the period: high US$387.27, low US$141.09. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$190.02 · Daily: -0.9% · Market cap: US$50.60B · Sector: Technology · Industry: Fintech

Coinbase Global ($COIN) sits at the intersection of retail crypto trading and institutional market infrastructure. On the consumer side, it runs an exchange where people buy, sell and hold digital assets. For institutions, $COIN offers a prime brokerage platform with access to liquidity across crypto markets, and for developers it provides tools to build applications on-chain.

Brian Armstrong leads the company, which employs just under 5,000 people. Its revenue is closely tied to trading volumes – when crypto markets are active, transaction fees across consumer and institutional products drive the business.

4. Block ($XYZ)

Block (XYZ) share price over the last year: started at US$75.39, ended at US$74.05, a change of −1.8%. Range over the period: high US$84.85, low US$49.09. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$74.05 · Daily: 1.0% · Market cap: US$44.04B · Sector: Industrials · Industry: Commercial Services

Block, Inc. ($XYZ) runs two distinct businesses under one roof: Square, which handles payments, software and hardware for small business sellers, and Cash App, a mobile platform that gives individuals access to peer-to-peer transfers, debit card spending, short-term borrowing and buy now, pay later services.

The crypto angle sits inside Cash App, which lets users buy and hold bitcoin alongside stocks. That makes $XYZ a payments company first and a crypto-adjacent one second – the bitcoin functionality is one feature among many rather than the core business model.

$XYZ also owns TIDAL, a music platform the company describes as built for artists to connect with fans and manage their careers. With 10,205 employees spread across these segments, the business covers more ground than most others in this list.

5. Hut 8 ($HUT)

Hut 8 (HUT) share price over the last year: started at US$34.85, ended at US$92.86, a change of +166.5%. Range over the period: high US$133.02, low US$33.76. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$92.86 · Daily: 0.2% · Market cap: US$11.43B · Sector: Technology · Industry: Fintech

Hut 8 Corp ($HUT) sits at the intersection of energy infrastructure and high-performance computing, with a business built around acquiring and managing the physical power assets – substations, interconnects, powered land – that energy-intensive technology applications depend on. That power foundation underpins everything else the company does.

From there, $HUT runs colocation services for both traditional CPU workloads and application-specific integrated circuit (ASIC) hardware, then layers in a compute segment that covers ASIC mining, conventional cloud, and AI cloud services. The company employs 248 people under chief executive Asher Genoot, a relatively lean team given the scale of infrastructure it manages.

6. Riot Platforms ($RIOT)

Riot Platforms (RIOT) share price over the last year: started at US$19.78, ended at US$21.39, a change of +8.1%. Range over the period: high US$28.69, low US$11.83. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$21.39 · Daily: -1.1% · Market cap: US$8.11B · Sector: Technology · Industry: Fintech

Bitcoin mining is just one side of Riot Platforms ($RIOT). Its engineering segment designs and manufactures power distribution equipment and custom electrical products, serving data centres, utilities, power generation companies and industrial operators – including large-scale commercial and government customers.

Under CEO Jason Les, $RIOT is also directing a portion of its power capacity toward artificial intelligence and high-performance computing infrastructure. The company employs 816 people across both arms of the business.

7. TeraWulf ($WULF)

TeraWulf (WULF) share price over the last year: started at US$11.60, ended at US$15.09, a change of +30.1%. Range over the period: high US$28.98, low US$10.99. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$15.09 · Daily: -0.2% · Market cap: US$7.54B · Sector: Technology · Industry: Fintech

TeraWulf ($WULF) runs digital infrastructure built around power – the company develops and operates data centre capacity in the U.S. for AI workloads, high-performance computing (HPC), and bitcoin mining. These activities sit across two business segments: Digital Asset Mining, which contributes hash computation to a bitcoin mining pool using application-specific integrated circuit (ASIC) miners, and HPC Leasing, which provides high-density colocation space to third parties running compute-intensive operations.

With just 141 employees under CEO Paul Prager, $WULF is a small team operating infrastructure at significant scale. The company's positioning sits at the intersection of energy access and compute demand – its sites are built around grid connectivity and power capacity rather than traditional data centre real estate.

8. Core Scientific ($CORZ)

Core Scientific (CORZ) share price over the last year: started at US$17.33, ended at US$16.31, a change of −5.9%. Range over the period: high US$29.16, low US$13.57. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$16.31 · Daily: -1.3% · Market cap: US$5.31B · Sector: Technology · Industry: Fintech

Purpose-built data centres are the product at Core Scientific ($CORZ), built to serve both digital asset mining operations and customers with AI compute needs.

$CORZ runs three segments: mining digital assets for its own account, hosting third-party mining operations, and providing colocation infrastructure – power, cooling, security and facilities – to companies running machine learning workloads. CEO Adam Sullivan oversees a staff of 325 people across all three.

9. MARA Holdings ($MARA)

MARA Holdings (MARA) share price over the last year: started at US$18.66, ended at US$11.99, a change of −35.7%. Range over the period: high US$22.84, low US$6.73. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$11.99 · Daily: -1.0% · Market cap: US$4.68B · Sector: Technology · Industry: Fintech

Bitcoin mining sits at the centre of what MARA Holdings ($MARA) does, and the company has built a broader digital infrastructure business around that core. $MARA operates 19 data centres across four continents – North America, the Middle East, Europe and Latin America – with around 1.9 gigawatts of total energy capacity. Fred Thiel leads a team of 266 people across that footprint.

Alongside mining its own bitcoin, $MARA hosts institutional-scale crypto miners, providing colocation services – sheltered data centre space, power, cooling and connectivity – as well as managed services. The company is also pushing that same infrastructure into artificial intelligence and high-performance computing workloads. The underlying model, as the company describes it, converts excess energy into productive digital work while helping to balance electricity grids.

10. CleanSpark ($CLSK)

CleanSpark (CLSK) share price over the last year: started at US$14.87, ended at US$13.31, a change of −10.5%. Range over the period: high US$23.20, low US$8.18. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$13.31 · Daily: -0.2% · Market cap: US$3.43B · Sector: Technology · Industry: Fintech

CleanSpark ($CLSK) runs bitcoin mining operations out of its own data centres in Georgia, Mississippi, Tennessee and Wyoming. The company owns roughly 188,500 mining machines and says its fleet can produce over 40 exahashes per second (EH/s) of computing power – a measure of how much hashing the machines collectively perform when running at full capacity.

Current hashrate sits at approximately 27.6 EH/s, with a fleetwide efficiency of 21.94 joules per terahash (J/TH), which describes how much energy each unit of mining output consumes. The company's total contracted power across those four states comes to around 853 megawatts. For context on the organisation behind that infrastructure, $CLSK employs 314 people – a relatively lean headcount given the scale of hardware it manages.

Common questions

How do I invest in crypto stocks in New Zealand?

All ten companies in this list trade on U.S. exchanges, so you'd buy them through a share trading platform that provides access to U.S. markets. You search by ticker, place an order during U.S. market hours, and the shares are held in your account.

What are the key risks of crypto stocks?

Some of the key risks include the price of bitcoin, which can swing sharply and directly affects the revenues of miners and the balance sheets of treasury holders. Regulatory treatment of crypto assets varies across jurisdictions and can change, creating uncertainty for exchanges and platforms in particular. Movements between the New Zealand dollar and the U.S. dollar affect what shares cost to buy and what proceeds are worth in NZD. Companies concentrated in a single asset or narrow revenue line carry additional exposure if conditions in that area shift.

How do bitcoin miners, crypto exchanges and treasury companies differ?

Bitcoin miners earn revenue by running computing hardware to validate transactions on the bitcoin network, so their economics hinge on bitcoin's price and energy costs. Crypto exchanges generate income mainly from transaction fees when people trade digital assets, making trading volumes the key driver. A treasury company like $MSTR holds bitcoin directly on its balance sheet as its primary asset, alongside a separate software business. Several companies in this list blend those models – pairing mining operations with high-performance computing and AI colocation services.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.

Please refer to hellostake.com/pricing for the fees that apply. When you trade securities priced in another currency, currency conversion fees may apply and movements in the exchange rate may affect your returns.

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This article combines AI and human review from our analysts to bring you accurate, informative investing content at speed. For questions or suggestions, contact stakedesk@stake.com.au.