Short sellers betting against Strategy (MSTR) are facing estimated paper losses of more than $3.3 billion: a classic short squeeze?
The term “Short Squeeze” is one that’s become famous over the last three years as the Reddit Army and FOMO traders have played a game with names like GameStop (GME), Chewy (CHWY), and Blackberry (BB).
Among major corporations, few stocks tie their fortunes as directly to cryptocurrency sentiment as Strategy. This week, the equity with the highest level of sho ...
The numbers back it up. Right after the news, BTC jumped $2,000, wiping out roughly $120 million in shorts in just 30 minutes. Altcoins followed, climbing about 3% across the board, while MSTR jumped ...
The company's management continues its aggressive approach. Executive Chairman Michael Saylor announced the firm's 100th Bitcoin acquisition. The purchase of 592 coins for approximately $40 million ...
While waiting for the Reddit IPO to (likely) crash and burn based on massive oversubscription and limited prospects, some retail traders see the stock as a short-squeeze superstar in the making. Since ...