Key Takeaways Strategy stands out with massive BTC holdings and a profitable software arm that cushions volatility.MSTR drives bitcoin accretion via preferred securities, aided by regulatory clarity and capital access.WULF's AI and HPC expansion adds revenues, but heavy debt and capital intensity limit upside.Strategy (MSTR) and TeraWulf (WULF) are both bitcoin-focused stocks, but they offer fundamentally different ways to participate in the cryptocurrency economy.Strategy operates primarily as a Bitcoin tr ...

Strategy's stock is highly correlated to Bitcoin, although its returns are often at more extreme levels.Despite being one of the biggest Bitcoin bulls out there, Strategy (MSTR 7.56%) hasn't been a great buy of late. Last year was disappointing for the leading cryptocurrency, as its value fell by about 5%, but it was a much worse one for Strategy, whose share price plummeted a whopping 48%.As the largest corporate holder of Bitcoin, digital assets play a big role in the company's financials and in determini ...

For high-flying stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc., this means ongoing operating losses and cash burn, the likelihood of share-based dilution to raise capital, and nosebleed price-to-sales (P/S) ratios that can't be justified. Quantum computing might be the most obvious bubble waiting to burst on Wall Street in the new year.Most Wall Street analysts believe it's going to take years before quantum computers can tackle practical problems more cost-efficiently than class ...