Ethereum Treasury Companies Drive Pre-Market Gains with SharpLink Gaming and BTCS Leading Surge

On July 17, Ethereum treasury firms demonstrated robust pre-market performance within the US stock exchange. SharpLink Gaming (SBET), often dubbed the “ETH equivalent of MicroStrategy”, surged by more than 17%, trading at approximately $42.7 per share. Meanwhile, BTCS experienced a significant uptick of 21.35%, buoyed by its recent inclusion in the Russell Microcap Index and an Ethereum asset base totaling 31,855 ETH. Additionally, Bit Digital reported a 9.1% increase following its announcement on July 15 to raise $67.3 million via a targeted share offering aimed at expanding its Ethereum holdings. These movements underscore the growing institutional interest and strategic capital allocation towards Ethereum-centric assets, reflecting broader market confidence in the cryptocurrency’s long-term value proposition.