Crypto treasury stocks rebound as Ether-focused firms outperform in early December
TL;DR
Digital asset treasuries staged a strong rebound on Tuesday, leading a broader recovery across crypto-linked equities after markets endured a sharp early-December sell-off.
Ether-focused treasuries were the day’s strongest performers. Nasdaq-listed EthZilla jumped more than 12% in after-hours trading, climbing to $10.80, according to Google Finance data. BitMine — the largest Ether treasury and a frequent dip buyer — also surged, with BMNR adding just over 10% on the session. Its share price closed at $32.40 after hours, extending a massive rally of more than 650% since the company unveiled its aggressive Ether accumulation strategy in late June.
Thumzup Media Corp, which operates a hybrid mining and crypto investment business, topped the day’s performance rankings with a gain of 13.25% on the Nasdaq.
Altcoin-oriented treasuries also outpaced their Bitcoin counterparts. GD Culture Group, which holds TRUMP memecoins alongside its virtual production business, rose more than 11%. Solana treasury HSDT added 9.36%, and Sui Group Holdings advanced 7.7% as sentiment improved across major non-Bitcoin assets.
Bitcoin-linked treasuries saw more muted gains. Strategy — the world’s largest corporate crypto treasury — climbed 5.78% on the day, touching an intraday high of $188. Despite the rebound, Strategy remains down more than 37% year-to-date, with most of that decline tied to mid-October’s broad market downturn.
Reports from Lookonchain and Arkham Intelligence suggest BitMine continued buying heavily during this week’s volatility, adding at least 7,080 ETH worth $19.8 million on Monday and another batch totaling more than $55 million on Tuesday. The firm has not yet confirmed these purchases publicly.
Ether itself reclaimed momentum, climbing to a five-day high of roughly $3,060 early Wednesday as broader crypto markets stabilized.