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.