Ether Treasury Shares Lead to Crypto Recovery Profits

Digital asset treasuries (DAT) are leading the recovery in cryptocurrency stocks as markets rebound from a significant escalate in leverage earlier this month.

Ether DAT recovered strongly on Tuesday, including Nasdaq-listed EthZilla (ETHZ), which gained 12.35% intraday to $10.80 in after-hours trading, According to to Google Finance.

The world’s largest Ether (ETH) vault, BitMine – which has reportedly been buying on the dip this week – also saw its shares gain by double digits on Tuesday, with BMNR up 10.26%.

BitMine shares hit $32.40 in after-hours trading, up more than 650% since the Ether strategy was announced in tardy June.

Meanwhile, the best-performing cryptocurrency stock of the day was cryptocurrency mining and investment company Thumzup Media Corp (TZUP), which gained 13.25% on the Nasdaq on Tuesday.

Crypto DAT stock performed well on Tuesday. Source: SoSoValue

Bitcoin DAT stock has been slower to recover

Several publicly traded altcoin treasuries also outperformed their Bitcoin (BTC) peers as the cryptocurrency market recovered.

GD Culture Group (GDC), a virtual content company and TRUMP memecoin vault, saw its shares rise 11.4%, while the Solana (SOL) (HSDT) fund was up 9.36% on the day and Sui Group Holdings (SUIG) was up 7.7%.

Related: Bitcoin grows to 93 thousand dollars after Sunday’s color, while analysts expect 100 thousand. dollars

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

Strategic stocks are down 37.4% year-to-date, with most of the losses coming since the cryptocurrency market turned around in mid-October.

BitMine buys the dip again

BitMine has reportedly been buying Ether during this week’s decline, collecting an additional 7,080 ETH worth $19.8 million on Monday and 18,345 ETH worth approximately $55 million on Tuesday. According to to Lookonchain and Arkham Intelligence.

However, these purchases have not been officially confirmed by the company.

Ether prices rebounded, hitting a five-day high of $3,060 on Wednesday morning.

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