Block Stock And Crypto Infrastructure Plays As Bitcoin Demand Builds

Long term U.S. yields are pressing higher, federal debt has moved beyond $40t, and the Treasury is stepping up bond buybacks as confidence in the dollar wobbles and traders look harder at gold and Bitcoin. That mix is reshaping how crypto exchanges and infrastructure platforms are viewed. This article walks through three stocks from our screener that appear especially exposed to these cross currents right now.

The three stocks below are just a starting sample, since the full screen surfaced 33 more listed crypto exchanges and infrastructure platforms with equally detailed stories that are not covered here. If you want to go deeper into this theme, head straight to the Listed Crypto Exchanges and Infrastructure Platforms screener to identify, analyze, and focus on the highest conviction ideas.

Overview: Paysafe is a digital payments company that runs two main businesses, Merchant Solutions and Digital Wallets, processing online and in store payments and providing wallet and eCash services that can support digital asset and crypto related transaction flows. Its platforms are embedded in sectors like gaming, iGaming, travel, streaming, retail, and digital assets, connecting consumers and merchants across cards, eCash, wallets, and pay by bank methods.

Operations: Paysafe generates most of its revenue from Merchant Solutions at about US$932 million and Digital Wallets at about US$849 million, with a small intersegment adjustment of about US$18 million.

Investors looking at crypto infrastructure often focus on pure exchanges, but Paysafe offers a different angle through its digital wallets and gaming focused payment rails that can carry crypto linked flows alongside traditional payments. The company is working to grow higher margin digital wallet and eCash usage, while also managing a heavy debt load and reported losses, including Q2 2026 net loss of about US$59 million. Rising long term yields and a weaker dollar have pushed more attention toward Bitcoin, which can support transaction volumes across Paysafe’s digital asset and iGaming merchants. At the same time, higher interest costs from recent refinancing and analyst price target cuts keep risk firmly on the table. The mix of potential growth in alternative payments and real balance sheet pressure makes Paysafe a stock that rewards closer scrutiny.

Paysafe’s mix of gaming-heavy payment rails and crypto-linked wallets can appear to be a hidden growth story that is masked by leverage and reported losses. Before you decide how that trade-off stacks up, review the 2 key rewards and 1 important warning sign

Overview: Block is a US based payments and financial services company that runs the Square ecosystem for merchants and the Cash App ecosystem for consumers, linking point of sale hardware, software, banking tools, and digital wallets that support Bitcoin trading and self custody through products like Cash App and Bitkey. This positions Block within the path of growing interest in crypto enabled payments and wallets while still being anchored in everyday card and bank transactions.

Operations: Block generates most of its revenue from Cash App at about US$15.6b, followed by Square at about US$9.0b, and Corporate and Other at about US$400 million.

Investors watching the shift toward Bitcoin and other digital assets as alternative stores of value may find Block interesting because it combines a large scale merchant network with consumer wallets that already handle Bitcoin trading and custody. Management has a long running focus on Bitcoin accessibility and security, including holding over 8,300 BTC on the balance sheet. At the same time, the stock carries questions around thin 1.4% profit margins, earnings volatility from crypto linked revenue, and insider selling in 2026. With AI driven product launches, Cash App monetization, and deeper banking features all competing for capital alongside Bitcoin initiatives, a key question is how much of Block’s future cash generation will actually be reinvested into its crypto infrastructure strategy.

Block’s mix of thin margins, Bitcoin exposure, and big product bets can feel hard to piece together. Get the full picture from the 2 key rewards and 3 important warning signs that could reframe how you think about its risk and upside.

Overview: Bitgo Holdings runs digital asset infrastructure for institutions, offering custody, self custody wallets, liquidity and prime services, and infrastructure tools that power exchanges, asset managers, platforms, and other large crypto users across North America, Europe, and Asia.

Operations: Bitgo Holdings generates about US$20.1b of revenue from Security Software & Services, with roughly US$12.1b from the U.S. and US$8.0b from international markets.

Bitgo Holdings is the purest expression of this screener’s theme, since its business is built around custody, wallets, and institutional rails for digital assets at a time when rising U.S. debt, higher long term yields, and a weaker dollar are driving more attention to Bitcoin. Its role as a qualified custodian for ETFs, stablecoins, and tokenized products ties it directly to institutional flows. Management also points to growing regulation and the CLARITY Act as potential ways to broaden that opportunity set. At the same time, Bitgo is still working through losses, leadership changes, securities litigation, and a funding model that leans on external borrowing rather than customer deposits. For investors seeking exposure to the institutional side of crypto, these cross currents make Bitgo a story worth studying closely.

Bitgo Holdings sits at the crossover point of institutional custody and growing Bitcoin interest, yet many investors still treat it as a simple proxy. Go beyond the surface with the 2 key rewards and 2 important warning signs

Seeking Alternatives Before The Crowd Moves

Fresh ideas move fast. While attention clusters on headline crypto stocks, other themes are building quiet breakout momentum under the radar for now. Do not get caught dropping opportunities, act now.

• Target resilient income streams by scanning a curated 11 dividend fortresses that can help you spot payouts with staying power while yields and inflation keep investors guessing.
• Track structural demand for compute and automation by following the hand picked 55 AI infrastructure stocks powering data centers, chips, and the systems that support AI training and inference.
• Explore long term metal demand with a focused 9 top copper producer stocks that highlights producers linked to grid upgrades, EV build outs, and energy transition projects.

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.

Valuation is complex, but we’re here to simplify it.

Discover if Bitgo Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Have feedback on this article? Concerned about the content? Get in touch with us directly.Alternatively, email editorial-team@simplywallst.com

MI
mitchell_lawler
The Foxhole

Is Nvidia actually expensive at 32 times earnings? I think that number can melt faster than people realise.

Why would I fret over Nvidia results now? I think it’s moment has gone. I will invert and see what companies can be the next Nvidia.

Multiple has already melted 50 percent in the last year. It can melt another 50 percent from here in the next year?

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Aug 20, 2026

About NYSE:BTGO

Bitgo Holdings

Operates as a digital asset infrastructure company in the United States and internationally.

Fair value with moderate growth potential.

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Mitchell Lawler
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