Investors can also cash in on the bitcoin craze indirectly by purchasing shares in companies that either invest in bitcoin or provide part of the underlying blockchain technology. The risk is that many are penny stocks. Examples include:
-First Bitcoin Capital Corp. (BITCF) develops digital cryptocurrencies and blockchain technologies. It also owns and operates various digital assets, such as cryptocurrency exchange CoinQX.com and bitcoin news site, iCoiNEWS.com.
-Connexus Corp. (CNXS) operates bitcoin ATMs.
-BTCS Inc. (BTCS) hosts an ecommerce marketplace, where people can buy merchandise using digital currencies, like Bitcoin and litecoin.
-Bitcoin Services (BTSC) , which offers both bitcoin escrow services, where it acts as a third party between a buyer and seller when doing business online, and bitcoin mining services, where it validates bitcoin transactions. It also develops and sells blockchain software.
- Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD), which trade on Nasdaq, provide graphics processing chips to cryptocurrency miners.
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