Crypto treasuries lead stock recovery after shaky start to December
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 treasury, BitMine — which has reportedly been buying the dip this week — also saw double-digit stock gains on Tuesday, with BMNR climbing 10.26%.
BitMine shares reached $32.40 in after-hours trading, up more than 650% since it announced its Ether strategy in late June.
Meanwhile, the top-performing crypto stock of the day was mining and crypto investment firm Thumzup Media Corp…
