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.
You may also like
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
RootData: BIO will unlock tokens worth about $1 million in one week
Grayscale Files Zcash ETF That Pays Every 2 Weeks: What's the Catch?
Crypto prices
More
