11 Best Bitcoin Stocks in Canada for July 2025

·

The cryptocurrency industry has firmly established itself within the mainstream financial landscape over the past several years. For Canadian investors seeking exposure to major digital assets like Bitcoin without directly trading on a cryptocurrency exchange, investing in Bitcoin-related stocks presents a compelling alternative.

This approach does require a higher risk tolerance and a foundational understanding of the sector. The available options include Bitcoin mining companies, blockchain technology firms, and cryptocurrency exchanges, allowing for a diversified approach to Bitcoin investment.

This article details a selection of the top 11 Bitcoin stocks available to Canadian investors as of July 2025.

Understanding Bitcoin Stock Investments

Bitcoin remains the dominant force in the cryptocurrency space, boasting the largest market capitalization. Its integration into global financial platforms and its adoption by major corporations like Tesla and Block underscore its significance.

Investing in Bitcoin stocks is a strategic method to diversify an investment portfolio while gaining indirect access to the world's premier cryptocurrency. However, it is crucial to recognize that the crypto market is inherently volatile. Consequently, stocks tied to Bitcoin often mirror its price movements, which can be dramatic. For instance, Bitcoin's value saw an increase of over 60% in 2023 alone.

Canada's Bitcoin ecosystem features several prominent mining companies. These firms engage in the process of creating new Bitcoin by solving complex mathematical equations using powerful, specialized computers.

If you possess a higher risk appetite and view Bitcoin as a viable alternative asset, exploring these stocks could be advantageous.

Top 11 Canadian Bitcoin Stocks for 2025

The following list outlines key Bitcoin stocks for consideration. All provided data is accurate as of May 2023.

1. HIVE Blockchain Technologies

Founded in 1987 and based in Vancouver, HIVE is a pioneering force in Bitcoin and Ethereum mining. It holds the distinction of being the first Bitcoin stock listed on a Canadian exchange in 2017. The company operates mining facilities across Canada and Scandinavia, emphasizing a commitment to using 100% green and renewable energy sources.

2. Bitfarms Ltd

This Toronto-based company, established in 2017, is a vertically integrated Bitcoin mining leader. With over 50,000 mining rigs spread across nine farms in four countries (Canada, the U.S., Argentina, and Paraguay), Bitfarms has mined over 21,000 BTC, primarily using renewable energy.

3. Galaxy Digital Holdings Ltd

Galaxy Digital is a New York-based digital asset and blockchain leader. Its comprehensive platform manages over $2.1 billion in assets and supports trading for more than 100 cryptocurrencies. The firm's operations span trading, asset management, venture capital, investment banking, and proprietary mining.

4. Digihost Technologies

Based in Toronto, Digihost operates a primary mining facility in Buffalo, New York, running approximately 12,000 rigs powered by 90% emission-free energy. Beyond mining, the company develops proprietary software for enterprise-grade crypto accounting and related services.

5. Hut 8 Mining Corp

A well-known name founded in 2011, Hut 8 is diversifying into Web3 and high-performance data centers. All eight of its main facilities are located in Canada. The company holds a significant treasury of over 9,086 self-mined Bitcoin and utilizes renewable energy for its operations.

6. Grayscale Bitcoin Trust

This investment product holds physical Bitcoin via the Coinbase Custody Trust Company. Grayscale offers a suite of trust funds for various cryptocurrencies and pioneered one of the first digital currency ETFs, the Grayscale Future of Finance ETF (GFOF), which holds stocks like Coinbase and Block.

7. Riot Blockchain Inc

This Colorado-based company holds 7,058 BTC and is expanding its computational power (hash rate). It owns North America's largest Bitcoin mining facility in Rockdale, Texas, and is developing another massive site in Corsicana, Texas.

8. Marathon Digital Holdings

Based in Las Vegas, Marathon is a mining giant with a treasury of 11,568 Bitcoin. It operates eight facilities with 122,900 miners, accounting for roughly 4.0% of the entire Bitcoin network's mining power.

9. Canaan Inc – ADR

Canaan, a Chinese company trading on the NASDAQ, is a leading manufacturer of ASIC miners and high-performance chips. Its Avalon miner product line is among the most popular globally. In response to regulatory shifts in China, the company has also begun developing chips for AI technologies.

10. Coinbase Global Inc

As one of the world's largest and most trusted cryptocurrency exchanges, Coinbase offers an extensive ecosystem for nearly 100 million users. Its services include an NFT marketplace, DeFi staking, and a Visa debit card, supporting trading for over 150 different digital assets. 👉 Explore more strategies for digital asset investment

11. Argo Blockchain PLC – ADR

This London-based company operates carbon-neutral mining facilities in Texas and Quebec with over 44,000 rigs. Argo demonstrated strong operational efficiency with a 54% mining margin in 2022, producing over 2,156 Bitcoin.

How to Purchase Bitcoin Stocks in Canada

The positive aspect for Canadian investors is that these stocks are readily accessible on most domestic stock trading platforms. To optimize your investment journey, it is advisable to use a discount brokerage to minimize trading fees.

A leading platform offers the ability to trade stocks and ETFs for as low as $0.01 per share, providing access to advanced tools and real-time market data without quarterly inactivity fees, making it an excellent choice for both new and advanced investors looking to build a diversified portfolio.

Bitcoin Stocks vs. Direct Bitcoin Investment

Understanding the distinction between these two investment avenues is crucial.

Both avenues are subject to the high volatility of the crypto market, including extended periods of low price activity often referred to as "crypto winters."

Prominent Bitcoin ETFs in Canada

For those seeking diversified exposure through a single fund, several Bitcoin Exchange-Traded Funds (ETFs) trade on Canadian exchanges:

Evaluating Bitcoin Stocks as an Investment

Bitcoin stocks can be a valuable addition to a portfolio for investors with the appropriate risk tolerance. However, the potential for significant price swings cannot be overlooked, as evidenced by the wide range of 5-year returns (from -92% to +83%) among the stocks listed.

It is generally recommended that such investments constitute only a small, strategic portion of a well-diversified portfolio. This article is for informational purposes only and should not be construed as personalized financial advice. 👉 Get advanced methods for portfolio analysis

Final Thoughts

Bitcoin's role in the global financial system continues to expand, evidenced by its adoption on the balance sheets of major corporations and traditional financial institutions like JPMorgan Chase and Goldman Sachs.

The common refrain in the crypto community—"we are still early"—points to the anticipated future growth and integration of Bitcoin. For long-term believers, Canadian Bitcoin stocks offer a practical avenue for investment.

Frequently Asked Questions

Which is the best crypto stock in Canada?
Galaxy Digital Holdings is one of the largest crypto-centric companies on the TSX. For pure-play Bitcoin exposure, mining companies like HIVE Blockchain Technologies and Hut 8 Mining Corp are also strong contenders.

What are the top crypto investments?
Bitcoin and Ethereum are generally considered the core, foundational crypto investments. Beyond direct ownership, investors can gain exposure through crypto stocks, ETFs, and other alternative digital assets.

Can I invest in NFT stocks in Canada?
Yes, companies like Bitfarms Ltd and Digihost Technology have exposure to the NFT sector. For broader access, U.S.-listed stocks such as Coinbase Global Inc, which operates a large NFT marketplace, are also options.

What defines a good Bitcoin stock?
Ideal Bitcoin stocks often include mining companies that also hold Bitcoin on their balance sheets. This provides a dual exposure to the operational business and the asset itself. HIVE and Hut 8 are prime examples to research.

How volatile are Bitcoin stocks?
They are typically highly volatile, often correlating closely with the price of Bitcoin itself. Investors should be prepared for the possibility of large short-term price fluctuations.

Is now a good time to invest in Bitcoin stocks?
The decision depends entirely on your individual financial goals, risk tolerance, and market outlook. These assets are speculative and should be approached with caution and thorough personal research.