Coal producer Alliance Resource Partners has added Bitcoin to its balance sheet, showcasing potential growth
From Nasdaq
February 6, 2025 04:31 AM:
Bitcoin has outperformed stocks since its inception in the early 2010s, with a single token now priced at over $97,500. Factors like limited supply, halving events, and corporate adoption have contributed to Bitcoin’s popularity among investors.
Publicly traded companies like MicroStrategy, Marathon Holdings, Riot Platforms, and Hut 8 have added Bitcoin to their balance sheets through purchases or mining. MicroStrategy alone holds 2.24% of all Bitcoin that will ever exist, with no plans to sell.
Alliance Resource Partners, known for coal mining, closed out 2024 with 482 Bitcoin on its balance sheet. They have diversified operations to include crypto mining, international coal exports, and oil and gas mineral interests, showcasing potential for growth and financial flexibility.
Investors looking to capitalize on the crypto trend should consider Alliance Resource Partners, which holds Bitcoin on its balance sheet. While not a top pick for the Motley Fool Stock Advisor team, it offers potential for significant returns in the coming years, with a history of strong performance compared to the S&P 500.
Read more at Nasdaq: Meet Wall Street’s Most Unusual Bitcoin Stock: A Coal Producer Sporting an Eye-Popping 10% Yield