Strategy has emerged as the most shorted stock among U.S. large-cap companies, according to data from Goldman Sachs on hedge fund positions. According to ChainCatcher, the proportion of short selling relative to its market capitalization is the highest among large-cap stocks.
Last week, Strategy purchased 592 bitcoins for $398 million, bringing its total holdings to 717,722 bitcoins. With the current bitcoin price hovering around $66,000, the average purchase price for Strategy is $76,020 per bitcoin, resulting in an unrealized loss of approximately $7 billion.
Out of 16 brokerage firms, 14 have given Strategy a strong buy rating, accounting for about 94% of the total ratings.