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%.

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 (TZUP), which gained 13.25% on the Nasdaq on Tuesday.

Several listed altcoin treasury companies also outperformed their Bitcoin (BTC) counterparts as the crypto market recovered.

GD Culture Group (GDC), which is a virtual content production business and TRUMP memecoin treasury, saw its stock gain 11.4%, while Solana (SOL) treasury (HSDT) notched a 9.36% gain on the day, and Sui Group Holdings (SUIG) made 7.7%.

Related: Bitcoin surges to $93K after Sunday flush, as analysts eye $100K

The world’s largest crypto treasury, Michael Saylor’s Strategy (MSTR), saw a modest 5.78% gain on the day with share prices hitting an intraday high of $188 during the Tuesday trading session.

Source: CoinTelegraph