Benzinga
Ethereum Treasury Stocks SharpLink and BitMine Eye Further Upside as ETH Targets $3,000 Rebound - Graysca
xCruzo Brief
Ethereum treasury-focused stocks BitMine Immersion (NASDAQ: BMNR) and SharpLink (NASDAQ: SBET) surged this month as investors bet on renewed momentum for ETH, including a potential rebound toward $3,000. BitMine jumped to $26 on Friday, up 104% from its lowest level this year and near its highest since January. SharpLink rose to $9.35, gaining 109% from its yearly low. The companies are described as the largest Ethereum holders globally, with BitMine holding 5,956,378 coins worth $15.46 billion and SharpLink holding 868,699 coins worth over $2.25 billion. The article cites U.S. net inflows of $187 million, rising staking demand to 35.50%, and broader activity metrics like DeFi TVL above $52 billion.
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