Ethereum News Today: MicroStrategy Surges 4.9% on Strong Earnings and Crypto Optimism

MicroStrategy’s stock surged 4.44% on July 16, 2025, amid a broad rally in the cryptocurrency market, driven by rising Bitcoin prices and speculation about potential pro-crypto policies under a possible Trump administration [1]. The momentum continued into late July and early August, with MicroStrategy shares climbing to $402.01 on August 5, marking a 4.9% increase from the previous close following strong earnings that exceeded analyst expectations [8]. The stock's performance reflects a broader market optimism about crypto-linked equities.

Ethereum-based stocks also experienced significant gains, with Ethereum (ETH) rising more than 5% in pre-market trading on August 7 [5]. This rally was partly attributed to renewed interest in Ethereum-based treasuries, with on-chain metrics reaching record highs. The Ether Machine, an investment firm, expressed confidence in Ethereum’s institutional appeal, pointing to its programmable capabilities as a key driver of future growth [4].

Whale activity on the Ethereum network further contributed to the market’s upward movement. On-chain data revealed that Whale 0x46DB sold 5,504 ETH ($19.81M) at $3,599 two days prior to a rebound, then repurchased 3,358 ETH ($12.85M) at $3,828 [5]. This pattern of activity suggests increased investor engagement and speculative trading, reinforcing the idea that whale movements are a key factor in short-term price volatility.

Ethereum’s price reached $3,995.67 on August 8, with a market cap of $482.31 billion and dominance of 12.37%. Over the last 90 days, the token had gained 64.58%, while seeing a 3.86% increase in the previous 24 hours [5]. The recent volatility has led to increased scrutiny from analysts, who note that heightened whale activity could attract regulatory attention and influence future market dynamics.

Bitcoin also benefited from the broader crypto rally, with rising speculation about Donald Trump’s potential 401(k) crypto policy. This news triggered gains across the top ten cryptocurrencies by market cap, including Ethereum and altcoins like Solana and XRP [7]. In addition, Block—formerly known as Square—added 108 BTC to its holdings in Q2 2025, pushing its total crypto assets past $1 billion and sparking a near 10% pre-market stock surge [6].

Despite the positive momentum, caution was also expressed. Mike Novogratz, CEO of Galaxy Digital, warned that the crypto treasury craze may have reached its peak, suggesting that the influx of new investors could slow in the near term [2]. Similarly, Ethereum co-founder Vitalik Buterin cautioned that the rapid growth of Ethereum treasury holdings could lead to overleveraging [9].

The continued focus on crypto-related equities underscores their growing role as alternative vehicles for institutional investors seeking exposure to digital assets. Firms like MicroStrategy and Block are increasingly seen as gateways to the crypto market, potentially replacing traditional ETFs as the preferred method for investment [5].

Source:

[1] https://www.ainvest.com/news/microstrategy-mstr-surges-4-19-earnings-outperformance-bitcoin-gains-momentum-2508/

[2] https://www.aol.com/markets-crypto-treasury-craze-peaked-145414608.html

[4] https://www.pymnts.com/cryptocurrency/2025/the-ether-machine-makes-billion-dollar-bet-on-guess-what-ethereum/

[5] https://crypto.news/eth-stocks-soar-pre-market-as-eth-rallies-5-are-they-replacing-etfs-as-the-go-to-eth-play/

[6] https://beincrypto.com/block-surges-pre-market-amid-saylorization-trend/

[7] https://www.mitrade.com/insights/news/live-news/article-3-1024728-20250808

[8] https://www.marketbeat.com/instant-alerts/insider-selling-microstrategy-incorporated-nasdaqmstr-cfo-sells-6250-shares-of-stock-2025-08-07/

[9] https://cryptorank.io/news/feed/bd198-vitalik-buterin-warns-ethereum-treasuries-could-become-an-overleveraged-game