Crypto Treasuries Fuel Stock Recovery After December Market Dip
TLDR
- Ether-based crypto treasuries, including BitMine and EthZilla, saw significant stock gains following a market recovery this week.
- BitMine, the world’s largest Ether treasury, purchased over $75 million in Ether, contributing to its 10.26% stock price rise.
- Several altcoin treasury stocks, such as GD Culture Group and HSDT, outperformed Bitcoin-based treasuries in the stock market recovery.
- The world’s largest Bitcoin treasury, Michael Saylor’s Strategy, gained 5.78% but continues to show a year-to-date decline.
- Ether prices rebounded to $3,060, boosting the performance of Ether-based crypto treasuries like BitMine and EthZilla.
Crypto treasuries have played a crucial role in the stock recovery this week…
