Bitcoin (BTC) has made a new high of nearly $99655, which means its next attempt will be at the $100K level. What's driving the crypto market higher is the pro-crypto regulations promised by Donald Trump.
With that in mind, many US firms have increased their Bitcoin holdings and investments. This has also led to an increase in the share prices of crypto firms.
Among these stocks, at the top of the list are MicroStrategy (MSTR) and MARA Holdings (MARA). These firms have ample exposure to Bitcoin (BTC), allowing investors to get a taste of the crypto movements.
MARA Holdings is a Bitcoin miner and has gained almost 33% during the last month. The MARA is seen at nearly $26.42 and is expected to keep rising due to its bitcoin mining business.
MARA Holdings is using the HODL strategy, which means it is holding on to its BTC and is not selling it. So, when the BITCOIN prices crosses the $100K, it will also benefit the MARA Holdings.
The second stock is MicroStrategy (MSTR), which is considered a Bitcoin proxy. In fact, this stock has even outperformed the Bitcoin cryptocurrency.
MicroStrategy (MSTR) is trading near $403 and also stands to gain more upside as cryptocurrencies move higher. In the last 5 years, the return of MSTR was 2584%, which is way higher than the 1113% return of Bitcoin.
Right now, MicroStrategy (MSTR) has around 331200 BTC with an average price of around 449,874. This means the total investment of MicroStrategy (MSTR) is around $16.5 billion.
So, those who seek exposure to Bitcoin but don't want to enter the crypto market can also look at the MSTR and MARA.
The chances of BITCOIN crossing the $100K mark are very high as Trump's policies will be pro-crypto. And when that happens, stocks like these will stand to gain the most.