3 US Crypto Stocks to Watch: Coinbase, MicroStrategy, and Core Scientific Show Diverging Trends Ahead of Key Earnings
As the broader cryptocurrency landscape navigates shifting sentiment and market dynamics, three prominent U.S.-listed crypto stocks—Core Scientific (CORZ), MicroStrategy (MSTR), and Coinbase (COIN)—are drawing attention this week for their contrasting trajectories.
Core Scientific (CORZ): Struggling Despite Industry Tailwinds
Core Scientific continues to face headwinds, with shares dipping 0.84% in pre-market trading today. The company, a major Bitcoin mining operator in North America, has seen its stock slide nearly 50% year-to-date, placing it among the weakest performers in the sector.
Despite a general upswing in crypto-related equities, CORZ's dependence on mining economics—currently challenged by rising operational costs and compressed margins—has limited investor enthusiasm. In contrast, more diversified players such as Marathon Digital and Coinbase have weathered the volatility more effectively.
Still, a rebound may be possible if Bitcoin prices regain sustained momentum, which could improve profitability across the mining space.
MicroStrategy (MSTR): Riding the Bitcoin Rally
MicroStrategy has shown notable strength, closing up 3.82% in the last session and climbing 16% over the past five days. Its year-to-date return now stands at 7.54%, fueled largely by Bitcoin’s recent resurgence.
The enterprise software firm, led by executive chairman Michael Saylor, has transformed into a de facto Bitcoin investment vehicle through its aggressive BTC acquisition strategy. Its latest move—a $285 million purchase adding 3,459 Bitcoins to its reserves—brings its total holdings to 531,644 BTC.
This positioning makes MSTR a leveraged play on Bitcoin’s long-term trajectory, and its recent performance suggests continued investor confidence in both the asset and the company’s vision.
Coinbase (COIN): Approaching Earnings With Renewed Optimism
Shares of Coinbase rose 0.88% in pre-market trading as the company prepares to announce its Q1 2025 earnings on May 8—a potential inflection point for the stock.
Coinbase, which operates one of the largest U.S.-based cryptocurrency exchanges, has been working to regain investor confidence after a steep 29% decline year-to-date. Over the past five days, however, the stock has rebounded 12%, indicating a cautious return of positive sentiment.
The upcoming earnings report will be closely watched as investors look for signals about trading volumes, regulatory developments, and the company’s progress in diversifying revenue through staking and custody services.