Crypto treasuries lead stock recovery after shaky start to December
Digital asset treasury stocks surged Tuesday, with Ether-focused firms leading gains up to 12.35% as crypto markets rebounded from the sell-off.
Digital asset treasuries (DATs) are leading a crypto stock recovery as markets rebound following a significant leverage flush at the start of the month.
Ether DATs recovered strongly on Tuesday, including Nasdaq-listed EthZilla (ETHZ), which gained 12.35% on the day to $10.80 in after-hours trading, according to Google Finance.
The world’s largest Ether (ETH) treasury, BitMine — which has reportedly been buying the dip this week — also saw double-digit stock gains on Tuesday, with BMNR climbing 10.26%.