Strategy becomes the most shorted constituent stock in the US, holding a paper loss of approximately $7 billion on bitcoin.
According to Odaily, based on Goldman Sachs hedge fund position data, Strategy has become the most shorted constituent stock in the US, with its short interest as a percentage of market capitalization ranking first among large-cap stocks. Last week, Strategy purchased 592 bitcoins for $39.8 million, and currently holds 717,722 bitcoins. With the price of bitcoin around $66,000, its average holding price is $76,020, resulting in approximately $700 million in unrealized losses. Currently, 14 out of 16 brokerage firms have given Strategy a strong buy rating, accounting for about 94%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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