Based on HashNews, crypto investors favored digital asset reserve stocks on Monday, outperforming the broader crypto market. BitMine's stock surged about 20% to $31, maintaining gains in after-hours trading as Ethereum (ETH) prices rose. Since mid-June, BitMine shares have gained 630%, despite a 50% drop since the October crypto peak. SharpLink Gaming and Strategy also rose 6% and 5%, respectively. Ted Pillows noted that Ethereum reserve companies show no turning signs, and their stock rebounds could drive ETH's major recovery. BitMine now holds 3% of the ETH supply, with institutional ownership rising from 6% to 31.7% in 13 days. Ethereum's 24-hour price rose 3% to $2,980 but remains below its $4,946 all-time high.
BitMine, Strategy, SharpLink Stocks Outperform Crypto Market Recovery
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