Strategy has become the most heavily shorted component stock in the U.S., with its holdings in Bitcoin resulting in an unrealized loss of approximately $7 billion for Bitcoin
Svmuu News: According to hedge fund position data from Goldman Sachs, Strategy has become the most shorted component stock in the U.S., with its short interest as a percentage of market capitalization ranking first among large-cap stocks.Last week, Strategy purchased 592 Bitcoin for $39.8 million and currently holds 717,722 Bitcoin.With the price of Bitcoin hovering around $66,000, Strategy’s average cost basis is $76,020, resulting in approximately $7 billion in unrealized losses.Currently, 14 out of 16 brokerage firms have given Strategy a Strong Buy rating, accounting for approximately 94%.
Source:Odaily · Source Link
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