GS use three approaches to screen for US stocks with blockchain and cryptocurrency exposure. Our screen yields 19 stocks with market caps greater than $1 billion. On average, these stocks have outperformed the S&P 500 by 34 percentage points YTD (+46% vs. +12%) alongside an 86% rise in the price of Bitcoin and a 156% rally in the Bloomberg Galaxy Crypto Index. The stocks lagged the market by 10 pp in the past two weeks as cryptocurrency prices dipped, but outperformed by 2 pp today. The median stock in our screen trades at twice the P/E and EV/sales valuation as the median US stock.