Investors in the crypto sector supported Digital Asset Treasuries (DATS) on Monday, with crypto-treasury stocks outperforming the broader crypto market.
Buttelman Immersion Technologies was leading the pack of major digital asset treasuries with a nearly 20 percent gain on Monday, according to Google Finance.
By the end of the trading day, its share price rose from $27 to $31, maintaining those gains in after-hours trading as Ether (ETH) prices rallied.
Bitmain stock (BMNR) has been in decline since the crypto market peak in early October, shedding 50% since then. However, despite these losses, the stock has rallied 630% since the company launched its ether accumulation strategy in late June.
The second-largest EtherDate, Sharplink Gaming (SBET), also saw its stock rise on Monday, up nearly 6% on the day as shares topped $10. Meanwhile, Michael Siler’s strategy (MSTR) gained 5% by the end of the trading day.
“Ethereum treasury companies are showing no signs of a bottom. A reversal in these stocks will trigger a major reversal in ETH,” Commented Macro Investor Ted Pillows
The recovery in DAT stock has outperformed the broader crypto market, which has seen total investment rise 2.1 percent over the past 24 hours.
Bitmine now has 3% of the Ether supply
Unlike retail traders who sell in a panic, digital asset treasures persist and accumulate during market corrections.
As a result, Bitmine has passed a milestone of accumulating 3% of the total Ether supply. It’s “two-thirds of the way to the ‘alchemy of the 5%,'” Commented Chairman Tom Lee on Monday.
Related: Bitmine Announces 2026 ETH Staking Plans As Market Melts
According to Strategic Therese, the company currently has 3.63 million ETH worth $10.6 billion. According to a company, it bought the dip last week, liquidating 69,822 ETH. Announcement On Monday
Institutional investment in the firm has also increased, according to “BMNR Bills”, which cited Nasdaq data. Reporting This institutional ownership of Bitcoin has skyrocketed from 6% to 31.7% in just 13 days.
Ether prices gradually recover
Ether prices have risen nearly 33% over the past 24 hours, hitting an intraday high of $92,980 during late trading on Monday. The asset has found resistance there and has pulled back a bit over the past few hours.
ETH was hit hard by the November market rout and has fallen 41% from its all-time high of 4,946 in August.
“The sustained decline in crypto prices last week reflects poor liquidity since October 10, as well as price technicals, which remain weak,” Lee commented.
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