Crypto Short Squeeze Night, BitMine Call Option Sees Unusual Trading Activity, Institutional Investors Have Accumulated Positions Early

BlockBeats News, August 20, Last night, the crypto market saw a long-awaited surge, with crypto-related stocks also experiencing unusual movements. According to BIT (bit.com) market data, the stock price of Ethereum's largest treasury company, BitMine, closed up 10%. It is worth noting that last night, BitMine stock call options also experienced unusual activity.

Data shows that investors bought 181,684 call options on Wednesday, which is about 25% higher than the stock's average daily call options trading volume (approximately 145,316 contracts). Several data platforms labeled multiple trades of the stock's options on that day as "unusual options activity." Additionally, the stock's options implied volatility also increased.

Lately, institutional investors have frequently disclosed increasing their holdings in BitMine:

Marex Group increased its holdings by 560.1% in Q4 last year and now holds approximately 10.02 million shares.

Weiss Asset Management increased its holdings by 363.6% in Q1 this year and now holds approximately 4.32 million shares.

Morgan Stanley increased its holdings by 25.8% in Q4 last year and now holds approximately 12.19 million shares.