Strategy Inc (MSTR) and IREN Limited are two prominent bitcoin-focused stocks. Strategy holds 628,791 bitcoins, while IREN offers infrastructure for mining. Bitcoin’s popularity is rising due to increased acceptance as a non-sovereign asset and institutional adoption, partly fueled by U.S. President Donald Trump’s policies.

Strategy’s bitcoin yield reached 19.7% in Q2 2025, with gains of $9.5 billion. They expect a 30% yield and $20 billion in gains if bitcoin hits $150,000 by year-end. IREN, a major Bitcoin miner, achieved 326% hashrate growth YoY in Q3 2025. Their AI cloud operations are expanding, with revenues up 33%.

MSTR’s subscription revenues rose by 44% YoY in Q2 2025. They forecast an operating income of $34 billion and net income of $24 billion for 2025, based on a $150,000 bitcoin price. IREN is scaling up its GPU fleet, with the upcoming Horizon 1 data center boosting high-performance computing capabilities.

Year-to-date, MSTR shares have gained 18.4%, while IREN’s stock has surged by 107.1%. Strategy’s shares are trading at a lower Price/Book ratio compared to IREN. Both companies have overvalued Value Scores of F and D, respectively.

IREN Limited offers strong prospects in low-cost bitcoin mining and AI Cloud expansion, making it a better buy than Strategy. IREN has a Zacks Rank #2 (Buy), while Strategy holds a Zacks Rank #4 (Sell). Consider IREN for potential investment opportunities in the bitcoin-focused market.

Read more at Nasdaq: Strategy vs. IREN: Which Bitcoin-Focused Stock is a Buy Now?