Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Short Sellers Suffer $3.3 Billion Loss as MicroStrategy Soars on Bitcoin ($BTC) Rally

Short Sellers Suffer $3.3 Billion Loss as MicroStrategy Soars on Bitcoin ($BTC) Rally


CryptoGlobe
2024-03-15 23:49:00

Nasdaq-listed firm MicroStrategy, known for its aggressive bet on the flagship cryptocurrency Bitcoin ($BTC) has seen its stock price surge roughly 140% year-to-date, a meteoric rise that has come at a steep cost for short sellers who have wagered against the company, incurring an estimated $3.3 billion in losses so far in 2024, per S3


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.