These 3 Stocks Don't Look Like Crypto Companies -- But They Are
When most people think of crypto companies, they typically think of cryptocurrency mining companies, cryptocurrency exchanges, and financial institutions heavily involved with crypto assets. However, there are a growing number of companies that have extensive exposure to crypto without many people even realizing it.
One way to find these crypto stocks is by checking out the official holdings of exchange-traded funds (ETFs) that specialize in blockchain and crypto. For example, if you take a look at the holdings for the Schwab Crypto Thematic ETF (NYSEMKT: STCE), which launched in 2022, you can see a number of names that seem incongruous at first. Three names particularly stand out: MicroStrategy (NASDAQ: MSTR), Overstock.com (NASDAQ: OSTK), and AMC Entertainment Holdings (NYSE: AMC).
On the surface, MicroStrategy looks just like a typical software analytics company. The company provides software solutions to a wide range of financial services, retail, healthcare, and technology companies. But what it is best known for is the extensive amount of Bitcoin (CRYPTO: BTC) it holds on its balance sheet. As of Dec. 27, MicroStrategy held 132,500 Bitcoins, now worth over $2.7 billion. Given that the total market cap of MicroStrategy is just over $2.5 billion, it is easy to see how buying this company's stock is really just a proxy for buying Bitcoin.
Source Fool.com
