ETH Breaks $3,900 — Ethereum-Linked Stocks Surge in U.S. Pre-Market Trading
TradingKey – Ethereum (ETH) extended its rally on Monday, breaking past the $3,900 mark and hitting a seven-month high of $3,938, its strongest level since December 2024. The token rose over 3% in the past 24 hours, driven by bullish momentum and institutional inflows.
ETH Price Chart – Source: TradingView
The ETH breakout has fueled a pre-market surge in Ethereum-linked equities:
- BTCS Inc.: +7.7%
- SharpLink Gaming (SBET): +6.87%
- GameSquare (GAME): +6.2%
- Bitmine Immersion (BMNR): +4.22%
- Bit Digital (BTBT): +3.61%
These companies are either major ETH holders or actively involved in Ethereum-based infrastructure, making them highly sensitive to ETH price movements.
Over the weekend, SharpLink Gaming made headlines by purchasing 77,210 ETH for nearly $295 million, further expanding its crypto treasury. SharpLink now holds 360,807 ETH, valued at ~$1.69 billion, making it the second-largest corporate ETH holder globally, just behind Bitmine Immersion Technologies.
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