Strategy Counterparty Closes ETH Short Positions, Retains DASH Holdings

On January 27, HyperInsight reported that the entity known as 'Strategy Counterparty' has closed all its short positions on 1,845 ETH, valued at approximately $5.36 million. According to BlockBeats, the entity still holds DASH short positions worth $8.75 million, with unrealized gains of $1.54 million. The address began its operations in December of last year, with an initial account size of around $20 million. It gradually increased its short positions in major cryptocurrencies like BTC and ETH. Due to its trading strategy, which contrasts with the continuous BTC acquisitions by the publicly listed company MicroStrategy, the market perceives this address as a clear 'on-chain counterparty' to MicroStrategy. The entity frequently reverses its positions, engaging in large-scale trades.