Digital Asset Treasuries Surge as BitMine Leads Rally

[mendez]

Digital asset treasury stocks outperformed the broader crypto market on Monday, with BitMine Immersion Technologies jumping nearly 20%. The stock surged from under $27 to above $31, supported by improving Ether prices. Despite losing half its value since October’s peak, BitMine remains up 630% since adopting its ETH accumulation strategy in June. SharpLink Gaming added almost 6%, while Strategy (MSTR) gained 5% to close at $179. Analysts say momentum in Ethereum-focused treasury stocks could signal an upcoming ETH trend reversal.

[Nahid Hossen]

Treasuries pumping again—confidence is coming back.

[Rimon Khan]

BitMine leading the rally says a lot about market sentiment.