Digital asset treasury bonds (DATs) are leading the rally in crypto stocks as the market recovers following the first big leverage flash of the month.
Ether DAT (ETHZ), listed on Nasdaq, rose 12.35% to $10.80 in after-hours trading, according to Google Finance.Ether DAT rebounded strongly on Tuesday.
Bitmine, the world’s largest ether (ETH) vault (reportedly on the upswing this week), also saw a double-digit share price increase on Tuesday, with BMNR up 10.26%.
Bitmine stock hit $32.40 in after-hours trading, rising more than 650% since announcing its Ether strategy in late June.
Meanwhile, the best-performing crypto stock of the day was mining and crypto investment company ThumbZap Media Corp. (TZUP), which rose 13.25% on the Nasdaq market on Tuesday.
Cryptocurrency DAT stock performed well on Tuesday. sauce: SoSoValue
Bitcoin DAT stock recovery slow
As the crypto market recovers, several publicly traded altcoin financial companies have also outperformed Bitcoin (BTC).
Shares of virtual content production business and TRUMP meme coin treasury GD Culture Group (GDC) rose 11.4%, Solana (SOL) Treasury (HSDT) rose 9.36% on the day, and Sui Group Holdings (SUIG) rose 7.7%.
Related: Bitcoin soars to $93,000 after Sunday’s flash as analysts focus on $100,000
Michael Saylors Strategy (MSTR), the world’s largest crypto asset, saw its stock hit an intraday high of $188 during trading on Tuesday, marking a modest increase of 5.78% on the day.
Strategy stock is down 37.4% since the beginning of the year, with most of its losses occurring since the crypto market reversal in mid-October.
BitMine gains momentum again
BitMine reportedly bought on the decline in Ether this week, raising an additional 7,080 ETH worth $19.8 million on Monday and 18,345 ETH worth about $55 million on Tuesday, according to Lookonchain and Arkham Intelligence.
However, these acquisitions have not been officially confirmed by the company.
Ethereum price rebounded in early trading Wednesday morning, hitting a five-day high of $3,060.
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