Shares of public companies holding significant Ethereum in their treasuries showed substantial pre-market gains during the US trading session. The collective rally highlighted positive sentiment for this emerging segment of the crypto equity market.
SharpLink Gaming Ltd. (SBET) witnessed a sharp increase, with its stock price surging by more than 17% to trade at approximately $42.7 per share.
BTCS Inc. also experienced significant upward momentum, climbing 21.35%. This rise followed the company’s recent inclusion in the Russell Microcap Index and its disclosure of holding a substantial treasury reserve of 31,855 ETH.
Separately, Bit Digital, Inc. recorded a 9.1% increase in its share price. The company had announced plans for a significant equity financing move involving a $67.3 million share offering, intended to fund the expansion of its operational footprint and treasury strategy.