Digital Asset Treasuries Drive Crypto Stock Recovery
- Nasdaq-listed EthZilla (ETHZ) surged by 12.35%, reaching $10.80 in after-hours trading.
- BitMine’s stock (BMNR) climbed by 10.26% to $32.40, marking a gain of over 650% since announcing its Ether strategy.
- Thumzup Media Corp (TZUP) was the top-performing crypto stock, gaining 13.25% on the Nasdaq.
- GD Culture Group (GDC) and Solana treasury (HSDT) saw gains of 11.4% and 9.36%, respectively.
- Michael Saylor’s Strategy (MSTR) had a modest gain of 5.78%, with shares hitting an intraday high of $188.
The recovery in digital asset treasuries follows a significant market rebound after a leverage flush earlier this month, with Ether prices reaching a five-day high of $3,060 on Wednesday morning.
Overall, crypto stocks have shown strong performance, with BitMine reportedly purchasing additional Ether worth approximately $75 million this week as part of its strategy.(Source)
