Bullish options volume came in 25% above average, BitMine shares closed up 10%, and multiple institutions increased their positions

Odaily Planet Daily reported that BitMine, the company with the largest treasury among Ethereum-related firms, saw its stock price close up 10%. On Wednesday, BitMine's bullish options volume reached 181,684 contracts, about 25% higher than the stock's average daily bullish options volume of approximately 145,316 contracts. Several options trades in the stock were flagged as unusual options activity that day, and implied volatility also ticked higher. Recently, multiple institutional investors have disclosed increased holdings in BitMine: Marex Group increased its stake by 560.1% in the fourth quarter of last year and now holds approximately 10.02 million shares; Weiss Asset Management increased its stake by 363.6% in the first quarter of this year and now holds approximately 4.32 million shares; Morgan Stanley increased its stake by 25.8% in the fourth quarter of last year and now holds approximately 12.19 million shares.