[Crypto Short Squeeze Night: Unusual Trading in BitMine Call Options, Institutional Investors Have Already Increased Positions] BlockBeats News, August 20 — Last night, the crypto market experienced a long-awaited surge, with crypto-related stocks also showing unusual movements. According to BIT (bit.com) market data, the stock price of Ethereum's largest treasury company, BitMine, closed up 10%. Notably, BitMine's call options also exhibited unusual activity last night. Data shows that investors purchased 181,684 call options on Wednesday, approximately 25% higher than the stock's average daily call option volume (around 145,316 contracts). Multiple data platforms flagged several of the day's option trades for this stock as "unusual options activity." Additionally, the implied volatility of the stock's options also increased. Recently, institutional investors have frequently announced increased positions in BitMine: - Marex Group increased its holdings by 560.1% in Q4 last year, now holding approximately 10.02 million shares. - Weiss Asset Management increased its holdings by 363.6% in Q1 this year, now holding approximately 4.32 million shares. - Morgan Stanley increased its holdings by 25.8% in Q4 last year, now holding approximately 12.19 million shares.