Beta of MSTR, MARA, RIOT, CLSK to Bitcoin
MSTR, MARA, RIOT, and CLSK are four prominent companies in the cryptocurrency space, each with a significant correlation to Bitcoin. The beta of these stocks measures their volatility relative to Bitcoin, providing insights for investors seeking exposure to the digital asset through traditional equity markets.MicroStrategy （MSTR） has the highest beta to Bitcoin, as the company holds a substantial amount of Bitcoin on its balance sheet. Its stock price often moves in tandem with Bitcoin\“s price fluctuations, making it a popular proxy for Bitcoin investment.
Marathon Digital Holdings （MARA） and Riot Platforms （RIOT） are leading Bitcoin mining companies. Their betas to Bitcoin are also high, as their revenues are directly tied to Bitcoin mining rewards and the price of Bitcoin.
CleanSpark （CLSK） is another Bitcoin mining company with a growing presence in the industry. Its beta to Bitcoin reflects its dependence on Bitcoin\“s performance for profitability and growth.
Investors use the beta of these stocks to gauge their risk and potential returns in relation to Bitcoin. A high beta indicates greater sensitivity to Bitcoin\“s price movements, offering both higher upside potential and increased downside risk.
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