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Altcoin Treasury Stocks Are All the Rage Lately. Here's What Investors Need to Know.
Yahoo Financeยท 2025-09-11 15:18
Group 1 - Companies acquiring ether and other altcoins have seen significant stock price increases, with some stocks surging over 500% year-to-date [2][3] - Eightco Holding, Bitmine Immersion Technologies, and Sharplink Gaming are among the companies transitioning to crypto treasuries, purchasing various cryptocurrencies for their balance sheets [2][5] - The trend of companies acting as crypto proxies is gaining momentum, with a revival in altcoins potentially legitimizing these assets further [3][8] Group 2 - Bitcoin's market dominance has decreased from 65% in late June to approximately 56%, while ether's share has increased from around 9% to 13% [7] - The overall market share of non-stablecoins has risen from 19% to 24%, indicating a growing interest in altcoins [7] - Traders are increasingly buying stocks of companies with crypto treasuries as a way to gain exposure to cryptocurrencies without direct investment [6]