Launched in 2009, Bitcoin is the world’s largest cryptocurrency today. With a market cap of $2.2 trillion, it accounts for more than 55% of the total crypto market.

In fact, BTC has grown more than 870% over the last five years. Several stocks riding the Bitcoin wave, such as MicroStrategy (Nasdaq: MSTR) , have, in fact, soared 2,200% during the same period.

However, not every company tied to Bitcoin has achieved such an extraordinary success.

Block stock falls 50% in 5 years

One such example is Twitter founder Jack Dorsey's fintech firm Block, Inc. (NYSE: XYZ), which offers products such as Cash App for Bitcoin transfers, the self-custody Bitcoin wallet called Bitkey, and the Bitcoin mining unit called Proto, among others.

Over the last five years, the company's stock has fallen 48% due to slow growth amid a highly competitive market.

So, a trader who invested $10,000 in this stock five years ago would today be left with a little more than $5,000 only.

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Coinbase stock falls 20%

Founded in 2012, Coinbase (Nasdaq: COIN) is the largest crypto exchange in the U.S., and it went public in April 2021. Notably, the stock joined the coveted S&P 500 club in May. However, it has lost 18% of its value over the last five years.

The decline can be attributed to shrinking transaction fees due to the highly competitive nature of the crypto industry.

Bitcoin mining stock that escaped bankruptcy loses all

Argo Blockchain (Nasdaq: ARBK) is one of the oldest Bitcoin mining firms that escaped bankruptcy in 2022 after receiving $35 million from Galaxy Digital (Nasdaq: GLXY) and selling its Helios mining facility to the investment firm for $65 million.

In July, it even received a delisting notice from the Nasdaq exchange due to "a consistently low share price."

It was trading at $0.2792 at the time of writing.

This story was originally reported by TheStreet on Aug 28, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.