Crypto treasuries lead stock recovery after shaky start to December

Digital asset treasury (DAT) stocks led a recovery in the crypto equity market on Tuesday, bouncing back from a significant leverage flush at the start of December. Ether-focused DATs saw strong gains, with Nasdaq-listed EthZilla (ETHZ) rising 12.35% and the largest Ether treasury, BitMine (BMNR), climbing 10.26%. Thumzup Media Corp (TZUP), a mining and investment firm, was the top performer, gaining 13.25%. Several altcoin treasury companies also outperformed Bitcoin counterparts, such as GD Culture Group (GDC) gaining 11.4%. In contrast, Michael Saylor’s Strategy (MSTR), the largest crypto treasury, saw a more modest 5.78% gain. Reports suggest BitMine has been actively buying Ether during the recent dip, acquiring substantial amounts on Monday and Tuesday, though these purchases remain unconfirmed by the company. This market rebound coincided with Ether prices reaching a five-day high of $3,060 early Wednesday.

(Source：Cointelegraph)