Bitcoin-related public companies outperformed BTC in 2023
A Matrixport report indicates publicly-listed crypto companies have outperformed Bitcoin’s year-to-date returns. Bitcoin-focused firms such as crypto miners and crypto exchanges (e.g. Coinbase) demonstrated a notable performance that surpassed Bitcoin’s returns themselves. As per a Matrixport report, a group of listed Bitcoin mining companies, in conjunction with Coinbase, has yielded a commendable return of +266%, showcasing an advantage of +150% compared to Bitcoin’s performance. Average performance of Bitcoin mining companies (or crypto related firms) vs. Bitcoin | Source: Matrixport related -link"> related -link__icon icon" aria-hidden="true"> related -link__prefix"> You might also like: Marathon stock jumps 11% amid global expansion The outperformance suggests a changing landscape in investor preferences and strategies, even though these entities have navigated significant fluctuations in performance lately. In recent market de...