When bond yields swing, crypto squeezes trigger billions in liquidations, and Bitcoin snaps back with a 20% weekly gain, attention quickly shifts to stocks most exposed to that storm. For investors, these cross currents can create sharp moves that feel fleeting. Yet they also open windows where pricing and sentiment briefly disconnect. This article profiles 3 stocks closely tied to the latest crypto news and explains why their exposure to it matters.

The 3 stocks below are just a starting sample, and the full screen surfaced 11 more companies with similarly crypto linked stories that are not covered here. If you want to move quickly from headlines to deeper research, head straight into the Crypto-Linked Equities and ETFs screener to identify, compare, and analyze potential higher conviction ideas tied to this theme.

Sharplink (SBET)

Overview: Sharplink runs an institutional grade Ethereum treasury platform that accumulates and actively manages ETH as a long term asset, including native and liquid staking that directly ties its balance sheet to crypto price moves. Alongside this core digital asset treasury business, it also operates an affiliate marketing network that drives customers to sportsbook and online casino operators.

Operations: Sharplink generates almost all of its roughly US$50 million in revenue from ETH Treasury Management (about US$48 million), with a small contribution from Affiliate Marketing. Most of this revenue comes from the United States.

Market Cap: US$1.6b

Sharplink provides equity investors with a way to gain exposure to Ethereum treasury and staking economics at scale. It tends to attract particular attention when bond yields fall, crypto shorts are squeezed and Bitcoin and ETH move higher together. The company has focused on on chain yield, including deploying US$200 million of ETH into Lido’s liquid staking and Anchorage custody, and seeding the Galaxy Sharplink Onchain Yield Fund with US$100 million of its own staked ETH. That concentration in ETH can create meaningful upside when digital assets perform strongly, but it also introduces the potential for persistent losses, high funding dependence and valuation risk if sentiment weakens. For investors seeking to understand the balance of these factors, Sharplink may merit closer analysis.

Sharplink’s heavy ETH exposure can appear to be a straightforward crypto proxy. However, the more important factor may be how that on chain yield, treasury concentration and funding risks interact in the 1 key reward and 2 important warning signs

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Galaxy Digital (GLXY)

Overview: Galaxy Digital is a digital asset focused financial services and infrastructure company that offers crypto trading, lending, advisory and blockchain technology solutions, while also running data centers, bitcoin mining and a portfolio of digital asset and venture investments that connect directly to the broader crypto market.

Operations: Galaxy Digital generates almost all of its roughly US$58.5 billion in revenue from the Digital Assets segment, with Canada contributing about US$58.4 billion of total reported revenue.

Market Cap: US$9.2 billion

Galaxy Digital provides exposure to crypto’s institutional story rather than just token prices, through its trading and asset management desks, the Helios AI and data center buildout in Texas, and partnerships with BNY Mellon and Bank Leumi. The company is still loss making, carries sizeable high-yield debt for Helios, and depends heavily on CoreWeave as a single major tenant, so funding and concentration risk are important considerations. At the same time, the low P/S ratio, long-term data center leases, and growing role in custody, staking and tokenization highlight how this mix of digital asset services and AI infrastructure may affect Galaxy Digital’s earnings profile over time for investors who can handle higher-beta crypto exposure.

Galaxy Digital is aiming to turn crypto volatility and AI infrastructure into an income engine. The real story, however, lies in its mix of trading, data centers and balance sheet risk in the analysis report for Galaxy Digital

Canaan (CAN)

Overview: Canaan designs and sells bitcoin mining machines and the specialist chips that power them, giving the company direct exposure to Bitcoin price cycles and overall crypto network activity. It also runs its own mining operations and supports customers across multiple regions, from North America to the Middle East and Asia.

Operations: Canaan currently reports all of its roughly US$509.7 million in revenue from its Semiconductors segment, which reflects sales of bitcoin mining hardware and related components.

Market Cap: US$208 million

Canaan is one of the purest listed plays on the crypto hardware cycle. When bond yields ease, shorts are squeezed and Bitcoin rebounds, interest often swings quickly back to its mining machines. The company is pushing into immersion cooling, AI linked compute and new geographies. It is also running its own mining fleet that produced 90 BTC in May and 64 BTC in June 2026. At the same time, Canaan is still loss making with a short cash runway, Nasdaq listing pressure and a history of dilution. For investors who want strong leverage to Bitcoin but accept higher funding and execution risk, Canaan is a stock that may warrant closer inspection.

Canaan’s push into immersion cooling, AI linked compute and new regions could be masking the real story. The 1 key reward and 4 important warning signs (3 are major!) hints at how that growth focus collides with funding pressure and dilution risk.

Seeking Alternatives Before The Crowd Moves

Fresh stock stories can gain momentum fast, and the best breakout entries often get caught by early researchers while it matters. Do not wait for headlines; get in early.

• Track cash rich companies that may handle shocks better by scanning the list of solid balance sheet and fundamentals (50 results) before others notice the strength on their balance sheets.
• Spot potential income workhorses while yields are still flying under the radar with a curated run through the 12 dividend fortresses.
• Hunt for early movers in automation and factory upgrades by checking the curated 37 robotics and automation stocks before the crowd prices in the story.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.