U.S. crypto stocks surged on July 16, with GameSquare leading a 42% increase after its board approved a $100 million Ethereum treasury.
On July 16, U.S. crypto stocks experienced significant gains, highlighted by GameSquare's 42% rise following its board's approval to establish an Ethereum treasury worth up to $100 million. BTCS surged 23.66% after being added to the Russell Microcap Index and acquiring 2,731 ETH, increasing its total holdings to 31,855 ETH. Bit Digital rose 12.56% after announcing a $67.3 million fundraising plan to purchase Ethereum. Other notable gains included SharpLink Gaming, MicroStrategy, Circle, and Riot.