Publicly Listed Companies in the Crypto Market in 2025 and Upcoming Related Projects

Why Are Public Investment Opportunities Increasing in the Cryptocurrency Sector?

In January 2024, the approval of spot Bitcoin ETFs by the US SEC marked a milestone in the financial world. Following this decision, both institutional and individual investors have begun to show increasing interest in crypto and blockchain technology.

While directly holding crypto assets can be technically and security-wise challenging, participation through shares of publicly traded crypto companies closely linked to the crypto sector has become much more practical. Companies like Coinbase, MicroStrategy, and PayPal, listed on traditional exchanges, offer investors alternative avenues.

Publicly Traded Stocks in the Crypto Ecosystem

Robinhood: Democratizing Crypto Trading

Robinhood Markets (HOOD) entered the stock market on July 29, 2021, aiming to make financial tools accessible to everyone. The company, which earned $1.87 billion in revenue in 2023, has become a significant player in the crypto market with its bitcoin and ether trading services.

The stock’s 52-week price range has fluctuated between $7.91 and $19.42. The growth potential in crypto trading directly influences HOOD’s performance.

PayPal: Bridging Traditional Finance and Crypto

PayPal Holdings (PYPL) went public on February 15, 2002, and recorded $29.77 billion in revenue in 2023. The company allows users to buy and sell bitcoin, ethereum, and other cryptocurrencies directly from their accounts.

Recently, the launch of PayPal USD (PYUSD) stablecoin further increased the company’s influence in the crypto ecosystem. The stock price fluctuates between $50.25 and $77.95.

Block Inc.: Digital Payments and Crypto Integration

Block Inc. (formerly Square) trades under the SQ symbol. By early 2024, it reached a significant position in the fintech sector with a market value of approximately $51.77 billion.

Through Cash App, Block facilitates bitcoin trading, investing about 1% of its total assets in bitcoin. This strategic choice reflects the company’s confidence in the long-term value of cryptocurrencies.

MicroStrategy: Corporate Investment Strategy Focused on Bitcoin

MicroStrategy Incorporated (MSTR), listed since June 11, 1998, is known for its massive investments in bitcoin. The company has a market value of $26.24 billion and a last 12-month revenue of $496.26 million.

The stock price has experienced dramatic fluctuations between $230.72 and $1,815.00 over 52 weeks. This volatility is a direct result of the company’s aggressive crypto investment strategy.

Coinbase Global: Leader in Crypto Exchange

Coinbase (COIN) went public via direct listing on NASDAQ on April 14, 2021. Its market cap is $62.24 billion, with $3.11 billion in revenue and $94.75 million in net profit over the last 12 months.

The stock has traded between $46.43 and $276.38 over 52 weeks. Coinbase’s performance is directly linked to the health of the crypto market.

Marathon Digital Holdings: Pioneer in Bitcoin Mining

Marathon Digital (MARA), initially known as Marathon Patent Group, changed its name in February 2021. It is one of North America’s largest and most sustainable bitcoin miners.

The company is expanding operations with an investment in a 200-megawatt bitcoin mining data center. Its performance is closely tied to bitcoin prices.

Tesla: Crypto Exposure in the Tech Sector

Tesla (TSLA) went public on June 29, 2010, listing on NASDAQ. In 2023, it earned $96.77 billion in revenue, with a market value of around $559.44 billion.

Tesla previously invested in bitcoin and accepted it as a payment method but reversed this decision due to environmental concerns. The stock price has ranged from $152.37 to $299.29 over 52 weeks.

NVIDIA: GPU Manufacturing and Crypto Mining Connection

NVIDIA Corporation (NVDA) IPO’d on January 22, 1999. In 2023, revenues increased by 125.85% to $60.92 billion, with earnings growing by 581.32% to $29.76 billion.

NVIDIA’s GPUs are widely used in crypto mining. The stock has shown volatile performance between $258.50 and $974.00 over 52 weeks.

SoFi Technologies: Financial Services and Crypto Integration

SoFi (SOFI) went public via SPAC in June 2021. In 2023, it reported $2.12 billion in revenue, a significant growth of 34.91%.

Its crypto trading services link the platform’s performance to the crypto world.

Metaplanet Inc.: Web3 Strategy Shift

Metaplanet (3350), initially focused on hotel management, has shifted its business model toward Web3. The company, which invested over $6 million in bitcoin, aims to reduce its dependence on the Japanese yen.

Following the bitcoin investment announcement, its stock price increased by nearly 90%. This clearly demonstrates investor interest in crypto-adopting companies.

Expected IPOs in 2025: New Players in the Crypto World

Reddit: Innovation with Community Tokens

Reddit’s IPO involved selling 22 million shares at $34 per share, raising the company’s valuation to approximately $6.4 billion.

Reddit announced plans to integrate cryptocurrencies like Bitcoin, Ether, and Polygon as payment methods. The platform uses ERC-20 tokens MOON (r/CryptoCurrency) and BRICK (r/FortNiteBR) to encourage community participation. These tokens can be traded, spent on subreddit memberships, or used in governance polls.

Telegram: Toncoin Ecosystem Engagement

Telegram plans to go public within the next two years, with a direct listing expected on Nasdaq or the Hong Kong Stock Exchange, with a valuation between $30-50 billion.

Support for the Ton Network has caused dramatic increases in Toncoin (TON) value. The market cap of TON surged by $9.5 billion, reaching $15.5 billion. Currently, TON is trading at $1.52, with a market cap of $3.72 billion.

Bitkub Online: Asia’s Rising Exchange

Thailand’s leading crypto exchange, Bitkub Online, is preparing for an IPO in 2025. The initial offering is expected to reach a valuation of about 6 billion baht (165 million dollars).

This move, amid rising demand for crypto trading in Thailand, reflects record-high active account numbers on the platform.

Circle: USDC Stablecoin IPO

Circle has launched the USDC stablecoin and filed a confidential S-1 with the SEC in January 2024, indicating plans for an IPO.

USDC, a stablecoin pegged to the US dollar, serves as a stable exchange medium in the crypto market. Its market cap is around $76.53 billion. While Circle’s SPAC plans have been canceled, it now prefers a traditional IPO route.

Blockchain.com: Block Explorer and Wallet Solutions

Blockchain.com is a major player in the crypto exchange and block explorer markets, currently in talks with banks for an upcoming IPO. Its recent Series D funding valued the company at an impressive $14 billion.

The company has created over 82 million wallets, with 37 million verified users, and has processed over $1 trillion in transactions. Its potential IPO could mirror the successful Coinbase IPO.