Ether-Linked Stocks Surge Amid Ether's Six-Month High and Growing Market Confidence
On July 18, 2025, ether-linked stocks experienced significant gains in premarket trading as ether (ETH), the world’s second-largest cryptocurrency, surged to a six-month high of $3,675.81 before settling at $3,601.40, marking a 5% increase. This strong performance came despite bitcoin easing by 0.7% after hitting a record high recently.
Shares of BitMine Immersion Technologies soared 14% due to the company's $1 billion holdings in ether and an aggressive accumulation strategy aimed at securing 5% of all ether in circulation. Other ether-focused companies such as Bit Digital and BTCS also enjoyed notable advances in their stock prices. Furthermore, SharpLink expanded its ether-related fundraising plan by $5 billion after a series of sustained stock sales, which in turn boosted its shares by 5.6%.
The rally in ether is largely fueled by the growing use of Ethereum-based stablecoins and the recent successful initial public offering (IPO) of Circle, the company behind the USDC stablecoin. Additionally, the U.S. House’s passage of a bill to regulate stablecoins has enhanced institutional confidence in the crypto market.
Investment products tied to cryptocurrencies have also benefitted, with BlackRock’s bitcoin ETF (IBIT) rising 10% this month and the ether ETF (ETHA) jumping nearly 36%, underscoring strong investor demand. Other crypto-related stocks such as Circle Internet and Coinbase also reported gains of 2.7% and 2%, respectively.
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