From Investing.com: 2024-04-10 13:01:01

Short sellers betting against MicroStrategy, Coinbase, and CleanSpark have lost a total of $1.92 billion, $593.50 million, and $106.40 million respectively since March. MicroStrategy holds 190,000 bitcoins and raised money to buy more, providing investors indirect exposure to bitcoin. Despite optimism, the crypto industry is heavily shorted. The SEC’s approval of spot bitcoin ETFs may not extend to other crypto products.



Read more at Investing.com: MicroStrategy leads crypto sector short losses with $2 billion hit since March By Reuters