Bitcoin Giant Strategy, Coinbase Among Most-Shorted Stocks: Goldman Sachs
Big money is betting against crypto equities like Bitcoin treasury firm Strategy (MSTR) and American crypto exchange Coinbase (COIN), new data compiled by Goldman Sachs Research shows. The firms find themselves ranked first and fourth in short interest as a percentage of market cap at 14% and 10%, respectively, among companies valued at $25 billion or greater. “Crypto is like cilantro: Some people love it and some people hate it,” Bitwise CIO Matt Hougan told Decrypt. “It's not surprising to see it at th ...