Bitcoin and Crypto Stocks Soar in 2023 While Bitcoin Lags Behind

Grayscale Bitcoin Trust (GBTC) shares are up 196% year-to-date, far outpacing Bitcoin's 87% gains.

MicroStrategy (MSTR) stock has surged 161% in 2023 as the company continues aggressively buying Bitcoin.

Coinbase (COIN) shares have jumped 135% this year amid regulatory wins and custodian partnerships.

Block (SQ) and PayPal shares are down 31% and 27% respectively, despite expanding crypto offerings.

Public Bitcoin mining stocks are up an average of 148.59% year-to-date, handily beating Bitcoin.