Top Crypto Stocks to Watch as Coinbase and Circle Surge – Sol Strategies Plans Nasdaq Listing

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With the rise of Bitcoin ETFs, and now XRP and Solana ETFs making headlines, many once crypto-skeptical TradFi investors are all-in on cryptocurrency and blockchain stocks.

Whether you’re into stablecoin projects, Bitcoin, or the Solana ecosystem, holding the best crypto stocks gives you exposure to the space with extra peace of mind – there’s no need to mess around with wallets or private keys when investing in publicly listed companies.

Here’s a roundup of this year’s best blockchain stocks worth adding to your watchlist.

Top Crypto Stocks for 2025

From Solana-linked plays to stablecoin companies, these are the names making headlines (and gains). Here are the top crypto stocks to keep an eye on right now.

Sol Strategies (HODL)

Sol Strategies (HODL) is flying under a lot of people’s radar, but that might not last much longer. It’s the only public company in North America that’s entirely focused on the Solana blockchain – and now it has filed for a spot on the Nasdaq under the ticker “STKE”.

Right after announcing the move yesterday, its stock jumped over 4%, peaking at CAD 2.42 before closing just under that. Although it’s still down around 25% since the start of the year, a Nasdaq filing could change that, as it would give Sol Strategies access to a much bigger pool of investors (and add legitimacy).

But what does Sol Strategies do? The company holds over 420,000 SOL tokens (approximately $61 million) and is heavily invested in staking, running validators, and backing early Solana projects. If the Nasdaq listing is approved, it would provide traditional investors with an easy on-ramp into the Solana ecosystem.

That’s a big deal for a chain that has a massive future in DeFi and tokenized assets. And it’s also why Sol Strategies is one of the best crypto stocks to buy now.

Circle Internet Group (CRCL)

Circle Internet Group (CRCL) has only been public for a few weeks, but it’s already making headlines. This is the company behind USDC, the second-largest stablecoin in the world, and it raised $1.1 billion in its June IPO with a valuation just shy of $7 billion.

Since then, the stock’s been surging. It shot up 13% to $165 on June 16 and reached an all-time high price of $200 just yesterday. At the time of writing, its market cap is nearly $50 billion.

While it’s not profitable yet (its P/E is negative), investors are betting on USDC’s steady revenue and the growing push for stablecoin regulation. And with the GENIUS Act getting the green light this week, Circle could be in a great spot to benefit.

Coinbase Global (COIN)

You probably already know Coinbase Global (COIN) – it operates the largest crypto exchange in the U.S. and one of the largest globally. Coinbase has over 100 million users, $400 billion+ in assets, and just received a big boost in its stock price.

Yesterday, COIN jumped 16% in a single day, closing above $295 after the Senate passed the GENIUS Act. That act doesn’t directly impact Coinbase, but the stock market took it as a bullish signal for the whole crypto sector.

The company is profitable (net income of $2.58 billion last year) and has a solid P/E of 55.51. If Bitcoin continues to push higher, crypto trading volume will likely follow – and that’s where Coinbase makes its money.

Strategy (MSTR)

Strategy (MSTR) started as a boring business software company, but these days, it’s a Bitcoin holding machine. It owns more than 592,000 BTC – that’s over 2.5% of all Bitcoin in circulation, worth around $62 billion.

As of yesterday’s close, its stock was trading at $369.03, down slightly on the day but still up nearly 270% over the past year. That’s even with a massive $4.22 billion quarterly loss. It’s risky, but this is one of the most direct – and leveraged – ways to gain Bitcoin exposure in the stock market.

Founder Michael Saylor has essentially turned buying BTC into a business model. Strategy raises money through stock and debt, uses it to buy more Bitcoin, and benefits when the coin’s price goes up. It’s not for the faint of heart, but for risk-tolerant investors, Strategy is one of the best crypto stocks to buy.

Reasons to Invest in Crypto Stocks

Everyone’s talking about crypto stocks right now – and not just on X and Reddit. Media outlets such as Cointelegraph, CNBC, and Bloomberg are all covering the recent rally, with Cointelegraph even referring to it as a “stablecoin summer”. That momentum’s coming from bullish legislation like the GENIUS Act.

But why go the stock route? For one, you get exposure to the crypto market without dealing with wallets, private keys, or on-chain risks. You also benefit from regulatory clarity – public companies have to disclose way more than most crypto projects ever will.

Plus, you’re tapping into the growing trend of institutional adoption. With talk of spot Solana ETFs and tokenized equities heating up, stocks tied to blockchain infrastructure are looking like early picks in a fast-growing sector. And that’s why companies such as Sol Strategies are on investors’ watchlists.

Comparing Penny Crypto Stocks and ICOs

Both penny crypto stocks and ICOs give you low-cost exposure to the crypto space, but they play by very different rules.

Penny crypto stocks refer to shares of small-cap blockchain companies that trade for under $5, often on the over-the-counter (OTC) market. They’re lightly regulated, offer some equity ownership, and can deliver big swings – positive or negative – based on hype alone.

ICOs, on the other hand, allow you to invest directly in blockchain projects by purchasing their native tokens. There’s usually no equity involved, just utility or speculative value. They’re less regulated, which means more access – but also a lot more risk. Most people point to Ethereum as the most famous ICO crypto.

If you’re into the idea of getting in early, ICOs arguably offer more upside, especially when the project solves real infrastructure issues. Take Solaxy (SOLX), for example.

Recently featured on Cointelegraph, this new ICO has already raised over $54 million, aiming to address Solana’s network congestion with Layer-2 rollups. Solaxy will also feature a native DEX, a cross-chain bridge to Ethereum, and a launchpad for meme coins. For investors seeking something different from penny stocks, SOLX is one worth checking out.

Visit Solaxy

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