Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021 By Cointelegraph


Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021

(BTC) might have outperformed traditional financial markets regarding investment returns, but the cryptocurrency still fell behind Bitcoin-related companies.

The price of BTC climbed by about 290% year-over-year, wherein it surged from $10,695 to a little over $42,000. In comparison, shares of Marathon Digital Holdings (MARA), one of the largest North American crypto mining companies, rose by 1,641% in the same period.

MARA stock weekly price chart. Source: TradingView.com
The performance of spot Bitcoin versus crypto-focused stocks in a year. Source: Ecoinometrics