MicroStrategy and Other Crypto Stocks Are Beating Bitcoin. How to Play Them.

.css-q8t0wg-NavWrapper{text-transform:uppercase;}.css-1qrgh7f-NavWrapper{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;height:100%;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;text-transform:uppercase;}

.css-mboaa2{max-width:940px;text-align:left;display:block;}.css-mboaa2 h1,.css-mboaa2 h2,.css-mboaa2 h3,.css-mboaa2 h4,.css-mboaa2 h5,.css-mboaa2 h6{color:rgba(0,30,32,1);cursor:auto;}@media print{.css-mboaa2 h1,.css-mboaa2 h2,.css-mboaa2 h3,.css-mboaa2 h4,.css-mboaa2 h5,.css-mboaa2 h6{font-family:Tiempos Headline;font-size:36px;line-height:1.111;font-weight:500;letter-spacing:0%;font-stretch:normal;}}.css-1brqeeg{padding-block-start:12px;max-width:940px;text-align:left;display:block;}@media screen and (max-width: 639px){.css-1brqeeg{margin-block-end:12px;font-family:Tiempos Headline;font-size:28px;line-height:1.143;font-weight:500;letter-spacing:0%;font-stretch:normal;}}@media screen and (min-width: 640px) and (max-width: 979px){.css-1brqeeg{margin-block-end:12px;font-family:Tiempos Headline;font-size:36px;line-height:1.111;font-weight:500;letter-spacing:0%;font-stretch:normal;}}@media screen and (min-width: 980px) and (max-width: 1299px){.css-1brqeeg{margin-block-end:12px;font-family:Tiempos Headline;font-size:36px;line-height:1.111;font-weight:500;letter-spacing:0%;font-stretch:normal;}}@media screen and (min-width: 1300px){.css-1brqeeg{margin-block-end:12px;font-family:Tiempos Headline;font-size:36px;line-height:1.111;font-weight:500;letter-spacing:0%;font-stretch:normal;}}.css-1brqeeg h1,.css-1brqeeg h2,.css-1brqeeg h3,.css-1brqeeg h4,.css-1brqeeg h5,.css-1brqeeg h6{color:rgba(0,30,32,1);cursor:auto;}@media print{.css-1brqeeg h1,.css-1brqeeg h2,.css-1brqeeg h3,.css-1brqeeg h4,.css-1brqeeg h5,.css-1brqeeg h6{font-family:Tiempos Headline;font-size:36px;line-height:1.111;font-weight:500;letter-spacing:0%;font-stretch:normal;}}

.css-kgja09{display:inline;font:inherit;margin:0;color:rgba(0,30,32,1);}.css-kgja09 svg{fill:rgba(0,30,32,1);}

.css-1jdgid2-BylineContainer{line-height:1.629;}.css-f6r373-BylineContainer{margin:0;color:rgba(0,30,32,1);font-family:Aileron;font-size:14px;line-height:20.006px;font-weight:600;letter-spacing:0%;font-stretch:normal;padding:0.5px 0px;line-height:1.629;}.css-f6r373-BylineContainer svg{fill:rgba(0,30,32,1);}.css-f6r373-BylineContainer::before{content:”;margin-bottom:-0.3575em;display:block;}.css-f6r373-BylineContainer::after{content:”;margin-top:-0.3795em;display:block;}

By .css-16sjud1-AuthorLink{-webkit-text-decoration:none;text-decoration:none;}.css-16sjud1-AuthorLink.css-16sjud1-AuthorLink:any-link{color:rgba(0,123,189,1);}.css-16sjud1-AuthorLink.css-16sjud1-AuthorLink:any-link:hover{-webkit-text-decoration:none;text-decoration:none;}.css-1re40vi-AuthorLink{display:inline-block;color:rgba(0,123,189,1);-webkit-text-decoration:none;text-decoration:none;}@media screen and (prefers-reduced-motion: no-preference){.css-1re40vi-AuthorLink{transition-property:color,fill;transition-duration:200ms,200ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}@media screen and (prefers-reduced-motion: reduce){.css-1re40vi-AuthorLink{transition-property:color,fill;transition-duration:0ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}.css-1re40vi-AuthorLink svg{fill:rgba(0,123,189,1);}.css-1re40vi-AuthorLink.css-1re40vi-AuthorLink:any-link{color:rgba(0,123,189,1);}.css-1re40vi-AuthorLink.css-1re40vi-AuthorLink:any-link:hover{-webkit-text-decoration:none;text-decoration:none;}.css-17x5lw{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:100%;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;}.css-ktbc67{display:block;}.css-1wc2zh5{margin:0;display:block;}Jack Denton.css-s4tamv-FollowButton{display:inline;}.css-s4tamv-FollowButton ufc-follow-author-widget:not(.hydrated){display:inline-block;width:60px;}.css-6fbmdd-FollowButton{margin-inline:4px;display:inline;}.css-6fbmdd-FollowButton ufc-follow-author-widget:not(.hydrated){display:inline-block;width:60px;}

.css-nr8oy5{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:auto;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;}

.css-9d8khp-TimeTag{display:inline-block;}.css-omlm6u-TimeTag{margin:0;color:rgba(77,91,92,1);font-family:Aileron;font-size:14px;line-height:20.006px;font-weight:600;letter-spacing:0%;font-stretch:normal;padding:0.5px 0px;display:inline-block;}.css-omlm6u-TimeTag svg{fill:rgba(77,91,92,1);}.css-omlm6u-TimeTag::before{content:”;margin-bottom:-0.3575em;display:block;}.css-omlm6u-TimeTag::after{content:”;margin-top:-0.3795em;display:block;}

Dec 11, 2023, 1:03 pm EST

.css-1ftbuf0-MainStack :is(button, a)>*{pointer-events:none;}.css-1ftbuf0-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}.css-ligzvc-MainStack{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;height:100%;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;padding-block:4px;}@media screen and (max-width: 979px){.css-ligzvc-MainStack{-webkit-box-pack:justify;-webkit-justify-content:space-between;justify-content:space-between;}}@media screen and (min-width: 980px){.css-ligzvc-MainStack{-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;}}@media screen and (max-width: 979px){.css-ligzvc-MainStack{padding-inline:8px;}}@media screen and (min-width: 980px) and (max-width: 1299px){.css-ligzvc-MainStack{padding-inline:8px;}}@media screen and (min-width: 1300px){.css-ligzvc-MainStack{padding-inline:8px;}}.css-ligzvc-MainStack :is(button, a)>*{pointer-events:none;}.css-ligzvc-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}

.css-k3zb6l-Paragraph{color:var(–primary-text-color);direction:var(–article-direction);font-family:var(–article-font-family);font-size:calc((17 / var(–article-base-font-size)) * var(–article-text-size-scale) * 1rem);font-weight:var(–article-font-weight);line-height:calc(27 / 17);margin:0 0 1em 0;word-wrap:break-word;}

Investors impressed with Bitcoin’s big rally would do well to cast their eyes over equities exposed to cryptocurrency. Not only are some crypto stocks crushing Bitcoin’s performance, but they represent an alternative way to play the digital asset rally.

Continue reading this article with a Barron’s subscription.

View Options