Data: For every 1% increase in BTC, BTC mining company stocks increase by an average of 2.5%
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Leeor Shimron, vice president of digital asset strategy at Fundstrat, analyzed the market performance of the four largest publicly traded mining companies (Marathon Digital Holdings, Riot Blockchain, Hive Blockchain, and Hut 8) and found that the average return of mining company stocks was 5,000%, while BTC only grew by 900% during the same period. The conclusion is that for every 1% increase in BTC, BTC mining company stocks rose by an average of 2.5%. |
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