MicroStrategy, the largest corporate Bitcoin holder, faces $6.9Bn in short positions, but its stock price tripled in the past six months.
MicroStrategy, the largest corporate Bitcoin holder, faces $6.9Bn in short positions on Wall Street. Despite short-seller interest, its stock price has tripled in the past six months. The short-interest ratio has decreased by 50%, indicating a decline in short sellers' confidence. In the last 12 months, MicroStrategy's stock has outperformed Bitcoin, with a 469% surge compared to BTC's 169% rise.
June 07, 2024
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