FameEX Hot Topics | BitMine, Strategy, SharpLink Stocks Surge Faster Than Crypto Market Recovery

On Monday, crypto-sector investors decisively rotated into digital asset treasury (DAT) stocks, pushing companies that hold large Ethereum reserves well ahead of the broader market’s tepid recovery. While total crypto market capitalization rose only 2.1% in the past 24 hours, treasury-focused stocks posted double-digit and high-single-digit gains, highlighting renewed faith in firms that kept accumulating ETH through the recent crash.

BitMine Immersion Technologies (BMNR) dominated the leaderboard with a stunning near-20% surge, lifting shares from below $27 to above $31 by close, with gains holding firm in after-hours trading. Despite shedding 50% since early October’s market peak, the stock remains up an eye-watering 630% since BitMine launched its aggressive Ethereum treasury strategy in late June. On Monday the company revealed it now controls 3.63 million ETH—roughly 3% of total supply—worth approximately $10.6 billion after scooping up another 69,822 ETH during last week’s dip.

SharpLink Gaming (SBET), the second-largest corporate Ethereum holder, climbed almost 6% to breach $10 per share, while Michael Saylor’s Strategy (MSTR) added a solid 5% to finish at $179. Macro commentator Ted Pillows observed that Ethereum treasury stocks “show no signs of a bottom yet,” suggesting that a sustained reversal in these names could ignite a much larger rally in ETH itself.

Corporate treasuries stood in sharp contrast to retail traders who panic-sold during the November rout. BitMine chairman Tom Lee celebrated passing the 3% milestone and declared the company is now “two-thirds of the way to the ‘Alchemy of 5%’” of total Ethereum supply. Institutional investors have taken notice: according to Nasdaq filings highlighted by analysts, institutional ownership of BitMine skyrocketed from 6% to 31.7% in just 13 days.

Ethereum closed the day up around 3%, briefly spiking to $2,980 before meeting resistance and easing slightly. The asset is still down 41% from its August all-time high of $4,946, with Tom Lee blaming ongoing liquidity impairments since mid-October and weak technical structure. Nevertheless, the outsized performance of treasury stocks on Monday signals that sophisticated money is betting these corporate hoarders will lead both their own shares and Ethereum itself significantly higher in the next leg of the bull market.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.