CleanSpark just pulled off a power move—raised $1.15 billion back in November, and now we know why. They were betting on MSCI booting bitcoin miners from their indices come January 15th. Here's the deal: any miner holding over 50% crypto assets gets the boot, which means $11.6 billion in passive tracking funds has no choice but to dump CLSK, Riot, and MARA shares.
CleanSpark clearly saw this train coming down the tracks. Right after the news dropped, they announced a $400 million stock buyback. Classic front-running the forced selling wave. While passive funds are contractually obligated to sell, CleanSpark's sitting there ready to scoop up their own shares at what they probably see as fire-sale prices. It's like watching someone set up an umbrella stand right before a rainstorm they predicted.
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ResearchChadButBroke
· 7h ago
Ha, I've seen this trick before. It's another information asymmetry game.
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TopBuyerBottomSeller
· 7h ago
That's a ruthless move—lying in wait in advance just to cash in on unsuspecting investors.
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NFT_Therapy_Group
· 7h ago
Ha, CleanSpark's move this time is really brilliant—they're reaping the benefits of information asymmetry in advance.
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DYORMaster
· 7h ago
Damn, this guy knew the trend was coming and stocked up in advance... 11.6 billion in passive sell-offs, this move is truly impressive.
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MEVHunterLucky
· 8h ago
Damn, this move is insane... Raising funds ahead of time in November, just waiting for the big crash on January 15? Isn't this basically a borderline test of insider trading?
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FundingMartyr
· 8h ago
Wow, this move is seriously impressive. Even after dumping 11.6 billion, they still have to run. Cleanspark is just waiting to buy the dip this time.
CleanSpark just pulled off a power move—raised $1.15 billion back in November, and now we know why. They were betting on MSCI booting bitcoin miners from their indices come January 15th. Here's the deal: any miner holding over 50% crypto assets gets the boot, which means $11.6 billion in passive tracking funds has no choice but to dump CLSK, Riot, and MARA shares.
CleanSpark clearly saw this train coming down the tracks. Right after the news dropped, they announced a $400 million stock buyback. Classic front-running the forced selling wave. While passive funds are contractually obligated to sell, CleanSpark's sitting there ready to scoop up their own shares at what they probably see as fire-sale prices. It's like watching someone set up an umbrella stand right before a rainstorm they predicted.