Public companies holding Ethereum reserves saw significant gains as the cryptocurrency surpassed the $3,600 mark this week, reflecting strong positive market sentiment.
Equities exposed to Ethereum delivered notable increases: BitMiner (BMNR) climbed 16%, GAMEE (GAME) gained 13%, BTCS Inc. (BTCS) rose 12%, and Sharps Technology (SBET) advanced 8%. Ethereum itself experienced a 45% valuation increase throughout July.
Further highlighting the bullish trend, Opendoor, operating within the digital real estate sector, recorded an extraordinary weekly stock price surge exceeding 111%.
The expanding ecosystem surrounding Ethereum enables new financial applications. Users can now trade both US and Hong Kong stocks directly using the USDT stablecoin, enhancing efficiency and accessibility for cross-border investments.
Platforms like BiyaPay contribute to this ecosystem growth, offering over 200 cryptocurrencies for trading with zero transaction fees. This includes facilitating access to Ethereum-centric equities, providing tools for investors aiming to optimize their portfolio performance.