Tom Lee Says Crypto-Linked Stocks Account for About 20% of Russell 1000’s Top Q3 Gainers
JH Kim
Summary
- Tom Lee, chairman of BitMine, said about 20% of the Russell 1000’s top gainers in the third quarter are crypto-linked stocks.
- BitMine ranked fourth in the Russell 1000 after gaining 99% since the start of the third quarter, while Strategy, Circle and Bullish rose 67%, 65% and 55%, respectively.
- Lee said crypto-linked stocks delivering strong performance could emerge as investors’ next area of focus with about a month left before the end of the third quarter.
Forecast Trend Report by Period
Tom Lee, chairman of BitMine, said about 20% of the Russell 1000’s top gainers in the third quarter are crypto-linked stocks.
In a post on X on Sept. 4, Lee said BitMine has surged 99% since the start of the third quarter, ranking fourth among Russell 1000 constituents.
Strategy has gained 67%, placing 12th. Circle is up 65%, ranking 14th, while Bullish has climbed 55% to 21st place. With about a month left before the end of the third quarter, crypto-linked stocks posting strong returns could become investors’ next area of focus, he wrote.
The Russell 1000 is a stock index composed of the 1,000 largest companies by market capitalization in the U.S. stock market.
JH Kim
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