Digital Asset Treasury Shares Outperform Crypto Market

Shares of digital asset treasury (DAT) companies posted significant gains on Monday, outpacing the broader crypto market recovery. According to Google Finance data, BitMine Immersion Technologies led the surge, with shares rising nearly 20% during the session, from below $27 to over $31. Gains continued in after-hours trading as Ether prices appreciated.

BitMine shares (BMNR) had fallen 50% since the peak in early October but remain over 600% higher than at the end of June, when the company began its Ether accumulation strategy. SharpLink Gaming, the second-largest institutional Ether holder, rose nearly 6%, while Strategy (MSTR) shares gained 5%.

BitMine reported holding 3.63 million ETH, worth approximately $10.6 billion, including 69,822 ETH purchased last week. The company stated it surpassed the threshold of 3% of total Ether supply.

Nasdaq data shows institutional holdings in BitMine rose from 6% to 31.7% in 13 days. Meanwhile, Ether increased roughly 3% over the past 24 hours, reaching $2,980, though still 41% below its all-time high.

The performance of DAT stocks indicates strong institutional confidence in Ethereum, suggesting that strategic accumulation by large holders may play a stabilizing role amid market volatility.