Strategy (MSTR) has become Wall Street’s most shorted stock: implications.

crypthub

1 day ago

Short Interest Leaders

Strategy (MSTR) leads Goldman Sachs’ short‑interest screen, with short positions covering 14% of its market cap, ahead of Charter’s 12%. The ranking surveys the 50 largest‑cap stocks, making MSTR the most shorted levered Bitcoin proxy. CoreWeave and Coinbase follow at 11%, while several other names sit near 8%.

Hedge‑Fund Ownership Profile

MSTR’s equity value is about $34 bn, held by 53 hedge funds that own roughly 3% and can liquidate in zero days. Charter, with 62 hedge funds, also has ~3% ownership but requires two days to unwind; CoreWeave’s hedge‑fund stake is higher at 23‑27% and needs four days. Coinbase’s hedge‑fund share is around 2% with immediate liquidation possible.

Market View and Saylor’s Stance

Fundstrat’s Tom Lee calls the crowded short a positioning cue, implying a “meaningful low” and that bad news may already be priced in. Brian Brookshire ties much of the short interest to a Bitcoin‑basis trade and expects a BTC rally to flip the bet. CEO Michael Saylor welcomes shorts, describing MSTR as a transparent, leveraged long‑Bitcoin vehicle that will never sell its BTC, offering investors a clear hedge. At press time MSTR traded near $127.80.