DAT stocks also strong amid virtual asset rebound… Bitmine·Sharplink·Strategy rise in unison
Summary
- It reported that, amid signs of a rebound in the virtual asset market, Digital Asset Treasury (DAT)-related stocks all showed strength.
- It said that Bitmine, which is accumulating Ethereum, saw its stock surge about 20%, recording the largest increase among DAT stocks.
- It also said that Bitcoin and Ethereum prices rose 1.63% and 4.07%, respectively, as major virtual assets continued to show strength.
As the virtual asset (cryptocurrency) market showed signs of a rebound, stocks related to the Digital Asset Treasury (DAT) all showed strength.
According to Google Finance data cited by Cointelegraph on the 25th (local time), Bitmine, which is accumulating Ethereum (ETH), saw its stock surge about 20% that day, the largest increase among DAT stocks.
Bitmine's stock jumped from below 27 dollars during the session to above 31 dollars and maintained its gains in after-hours trading. Their stock had fallen 50% since the virtual asset market peak in early October, but the cumulative increase since adopting an Ethereum accumulation strategy at the end of June is 630%.
Another Ethereum DAT company, Sharplink Gaming, rose nearly 6% that day, recovering the 10-dollar level. Strategy, a listed company with the largest Bitcoin (BTC) holdings, also rose 5%, closing at 179 dollars.
Meanwhile, Bitcoin is trading on CoinMarketCap at 88,150.45 dollars, up 1.63% from the previous day, and Ethereum is trading at 2929.67 dollars, up 4.07% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
