iShares Bitcoin Trust (IBIT), MARA, and Core Scientific are the Three Bitcoin Stocks to Watch Today

Bitcoin stocks are shares in publicly traded companies that have significant exposure to bitcoin through their business operations, investments, or holdings.

The three Bitcoin stocks to watch today, according to MarketBeat's stock screener tool are iShares Bitcoin Trust (NYSE:IBIT) - $49.65, MARA (NASDAQ:MARA) - $14.95 and Core Scientific (NASDAQ:CORZ) - $7.58.

Bitcoin stocks are the shares of publicly traded companies that have significant exposure to Bitcoin through their business operations, investments, or holdings. These companies provide investors with an indirect way to gain exposure to Bitcoin's price movements without owning the cryptocurrency directly.

Investors may choose to invest in Bitcoin stocks for several reasons, such as:

* Lack of access to cryptocurrency exchanges

* High trading fees on cryptocurrency exchanges

* Difficulty in storing and securing cryptocurrency

* Preference for investing in companies with a clear business model and financial statements

Some of the most popular Bitcoin stocks include those of companies that mine Bitcoin, such as Core Scientific and Bitfarms (NASDAQ:BITF), and companies that provide services to Bitcoin miners, such as Cipher (NYSE:CIIV).

The three Bitcoin stocks that had the highest dollar trading volume in the last several days are:

* iShares Bitcoin Trust (NYSE:IBIT)

* MARA (NASDAQ:MARA)

* Core Scientific (NASDAQ:CORZ)

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

Shares of NASDAQ IBIT traded down $0.99 during trading hours on Friday, hitting $49.65. 30,503,104 shares of the stock were exchanged, compared to its average volume of 47,303,617. The company's 50 day moving average is $54.87 and its 200 day moving average is $47.09. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

iShares Bitcoin Trust is an interesting investment option for those looking for a convenient and low-cost way to gain exposure to Bitcoin. The ETF is fully backed by Bitcoin, which means that there is no counterparty risk. IBIT also has a low expense ratio of 0.15%, making it an efficient investment vehicle. However, IBIT is a new ETF and it remains to be seen how it will perform in the long term.

MARA (MARA)

Shares of MARA stock traded down $0.14 during mid-day trading on Friday, reaching $14.95. 27,285,937 shares of the stock were exchanged, compared to its average volume of 46,874,446. MARA has a fifty-two week low of $12.05 and a fifty-two week high of $30.28. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 18.94 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $17.10 and a 200 day simple moving average of $18.39.

MARA, formerly known as Marathon Patent Group, is a publicly traded company that began mining Bitcoin in 2024. The company has been rapidly expanding its operations and now has the capacity to mine up to 19,000 bitcoin. In the second quarter of 2024, MARA produced 1,333 bitcoin and realized a total revenue of $766.4 million, nearly double the $397.4 million reported in the same period last year. Despite an impairment charge of $346.4 million on its bitcoin inventory due to a decline in cryptocurrency prices during the quarter, MARA still managed to report net income of $21.4 million, compared to a net loss of $105.4 million in 2Q23.

Core Scientific (CORZ)

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring,