
U.S. stock night trading volatility: VirnetX fell 3.57% in after-hours trading, with active trading raising volatility concerns

Virnetx fell 3.57% in the after-hours market; Strategy fell 0.66% in the after-hours market, with a transaction volume of USD 7.85 million; BitMine Immersion Tech fell 1.26% in the after-hours market, with a transaction volume of USD 3.39 million; IREN fell 1.49% in the after-hours market, with a transaction volume of USD 3.06 million
U.S. Stock Night Market Movements
VirnetX fell 3.57% in the night market. There have been no significant news recently; trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.
Stocks with High Trading Volume in the Industry
Strategy fell 0.66% in the night market. According to recent important news:
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On October 21, Strategy announced the purchase of 168 bitcoins at a price of $112,051 each, totaling $18.8 million. This move increased its bitcoin holdings to 640,418 coins, valued at approximately $7.1 billion. After the announcement, Strategy's stock price rose by 3%, but it is still 19% lower than the increase in bitcoin for the year;
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On October 19, Strategy founder Michael Saylor released information related to the Bitcoin Tracker and hinted at the possibility of continuing to increase bitcoin holdings. This news sparked market expectations for Strategy to further increase its bitcoin holdings, driving stock price fluctuations;
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On October 20, Strategy raised funds through the issuance of preferred and common stock to expand its bitcoin holdings. This move demonstrates the company's confidence in bitcoin as a reserve asset, despite significant market volatility. The bitcoin market is experiencing increased volatility, and investment should be approached with caution.
BitMine fell 1.26% in the night market. According to recent important news:
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On October 20, BitMine Immersion Technologies announced that its total scale of crypto assets, cash, and investment portfolio has reached $13.4 billion, including 3.24 million ETH, accounting for 2.7% of the total ETH supply. This news has drawn market attention to its cryptocurrency strategy, leading to stock price fluctuations;
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On October 19, BitMine increased its holdings by 379,271 ETH during the market downturn, valued at approximately $1.5 billion. This move is seen as a strategic response to the market slump, enhancing investor confidence in its long-term cryptocurrency investment strategy;
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On October 19, Tom Lee stated in an interview with CNBC that despite the deleveraging shock in the crypto market, the current stage is merely a short-term bottom, and the market will strive to recover. This optimistic statement positively impacted investor sentiment. The deleveraging effects in the crypto market have significantly influenced capital flows.
IREN fell 1.49% in the night market. According to recent important news:
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On October 20, bitcoin reached an all-time high, but the profits of individual mining companies did not improve. The prospects for AI and high-performance computing are clearer, and analysts point out that the revenue and profit margins of AI data centers are far higher than those of mining, leading to high premiums for AI businesses in the capital market, causing fluctuations in miner stock prices;
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On October 20, miners are transforming into AI centers, retaining mining efficiency advantages while renovating facilities to capture long-term returns from AI, with energy economics restructuring causing a rebound in their stock prices;
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Recently, there are no other important news. The AI transformation is driving fluctuations in mining stocks, and risks need to be monitored

