🥛 Crypto stocks: Top 5 gainers 📈

GM. This is Milk Road, we break down crypto like an over-tired child breaks down their parents’ will to live (fast and efficiently).

Here’s what we got for you today:

✍️ Crypto stocks: Top 5 gainers
✍️ More institutional catalysts?
🎙️ The Milk Road Show: Is Ethereum the Next Amazon? Haseeb Qureshi on Revenue, Profit & Long-Term Value
🍪 Introducing ‘The Bitwise 10’

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Prices as of 2:00 PM ET. Trade today with Milk Road Swap.

TOP 5 PERFORMING PUBLICLY TRADED CRYPTO COMPANIES (3M) 🔍

Alright, we’re trying out a new segment (lettuce know what you think).

The criteria for the companies on this list are as follows:

No ETFs or DATs
Must have a market cap of $10B+
Must have a heavy focus on crypto (no ‘crypto adjacent’ companies like PayPal)

Sound good? Good. 🤝

Here are your top 5 performing publicly traded crypto companies over the last 3 months:

Source: TradingView

1. Iren (IREN): +66.62%

Iren is one of those ‘best of both worlds’ stocks – they offer Bitcoin mining and AI data center access to their customers.

(Combine two of the hottest industries of 2025 and you get +66.62% returns over the last 3 months.)

2. Robinhood (HOOD): +19.44%

No introduction needed. Robinhood is currently one of the leaders in the race to create a U.S.-centric financial ‘everything app’, and investors have loved them for it in 2025.

ICYMI: We’re bullish on HOOD – here’s why.

3. Galaxy (GLXY): +8.02%

Galaxy is like Iren, on crack. They cover crypto mining and AI compute – but their edge is their extensive established contracts for AI data center build outs (giving them a solid head start).

We’re super bullish on GLXY – here’s why.

4. Coinbase (COIN): -11.45%

Same as Robinhood: Coinbase needs no introduction, and is a leader in the financial ‘everything app’ race.

… though its new product/feature offerings have failed to capture the same investor interest as Robinhood in 2025.

That said, we’re still bullish on COIN – here’s why.

5. Strategy (MSTR): -44.43%

MSTR currently owns ~3% of the total BTC supply – so anything that happens to Bitcoin, happens to Strategy… and as we all know, it’s been a rough few months for BTC.

-44.43% for MSTR over 3 months ain’t great. The good news is that MSTR recently stated it would take a solid 3 years or so of BTC bleeding in order for them to sell.

Alright – now it’s your turn to yap.

Should we make this a monthly recurring segment?

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MORE INSTITUTIONAL CATALYSTS? FINE. IF YOU MUST…

Really?

You’re going to drop even more bullish institutional catalysts at a time when the market is in the worst possible place to react to it?

(As if Vanguard, Bank Of America, Charles Schwab, and the CFTC embracing crypto last week wasn’t enough.)

Here’s the fresh momentum we got today:

1. PNC enables direct crypto purchases

Direct crypto purchases from within a banking app holding $400B+ in total deposits?

Urgh. 😑

Source: @WatcherGuru

2. Crypto = TradFi collateral

Oh, the CFTC is enabling the use of crypto as collateral, making it a more versatile/valuable financial asset?

Ffs. 🤦♂️

Source: @BitcoinNews

3. Famous Bitcoin skeptic embraces crypto

JPMorgan CEO, Jamie Dimon, may still be on the fence re: Bitcoin… but his company is moving up to $16T per day on crypto rails – and now he’s on Fox, singing blockchain tech’s praises??

You couldn’t wait for the market to turn just a little, Jamie? 🤬

Source: @BitcoinNews

In almost any other crypto market environment, the combined institutional momentum we’ve seen over the past week or so would likely have been monumental for digital assets.

Sure, the Vanguard announcement helped to put BTC back above $90k…

But this feels akin to that time Sarah Donnoly (one of the popular girls in my senior year) asked me (the kid who made replica light sabers in his spare time) to prom – Teenage Dirtbag style.

…and I said no, thinking she was joking.

In both situations: I’m left wondering what could have been…

For now, I suppose we just wait.

¯\_(ツ)_/¯

PRO ALL ACCESS PORTFOLIO UPDATES 📊

We’re not out of the woods yet…

Even so, the Milk Road PRO All Access Portfolio has seen a nice little bounce over the past few weeks, moving 13.5% since Nov 22. 👇

Wanna know how we’re building out our portfolio for 2026 and get notified on which projects we’re allocating to, all in real-time?

Join Milk Road All Access and read our “How To Build a Crypto Portfolio” report to learn more about our portfolio strategy.

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