If you had to guess which $40 billion company is currently the most shorted stock in America, you probably would need more than one try. It’s Strategy. Yes, the company formerly known as MicroStrategy. Yes — the Michael Saylor Bitcoin machine. According to Goldman Sachs’ hedge fund positioning data, Strategy has climbed to the top spot among the most shorted large-cap U.S. stocks, measured by short interest as a percentage of market cap. A year ago, it wasn’t even in the top 50. Bitcoin peaked in Octobe ...

Bitcoin Standard Treasury Company Names Bob Stefanowski as Chief Financial OfficerFeb 24, 2026 7:06 AM Eastern Standard Time# Bitcoin Standard Treasury Company Names Bob Stefanowski as Chief Financial OfficerShare---Senior global finance executive brings more than 25 years of leadership experience across structured finance, private credit, M&A advisory, private equity and global capital marketsAppointment strengthens best-in-class management team with deep expertise in both Bitcoin and active asset manageme ...

Michael Saylor’s Strategy announced the purchase of 592 Bitcoin for an aggregate purchase price of $39.8 million Monday. The company sold 297.940 shares of its MSTR common stock for proceeds of $39.7 million to fund the purchase, according to a new 8K filing from the Tyson’s Corner-based firm. The average purchase price for this tranche was $67,286 per bitcoin, one of the lowest average entry prices since 2024. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Bl ...

Bitcoin ETFs logged another day of outflows Thursday, extending a five-week losing streak that has now erased nearly $4 billion from the products. Spot Bitcoin ETFs saw $165.76 million in net outflows on February 19, marking the third consecutive day of redemptions, according to SoSoValue data. The latest withdrawals bring the five-week total to just under $4 billion, following weekly outflows of $403.9 million, $359.9 million, $318.1 million, $1.49 billion, and $1.33 billion since mid-January. The sust ...

Core Viewpoint - The article reiterates a buy recommendation on Bitcoin (BTC-USD) following a price collapse, indicating a continued bullish outlook on the cryptocurrency market [1]. Group 1: Investment Thesis - The analysis is a continuation of an initial coverage thesis published on November 29, 2024, suggesting a long-term positive view on Bitcoin despite recent price fluctuations [1]. - The analyst has over 7 years of experience in equity analysis in Latin America, which adds credibility to the investment insights provided [1]. Group 2: Research and Insights - The company aims to provide clients with in-depth research and insights to facilitate informed investment decisions, highlighting the importance of thorough analysis in the investment process [1].

Core Viewpoint - The company has undergone a significant transformation from a business-intelligence software provider to a publicly traded entity focused on Bitcoin [1] Group 1: Company Transformation - The company started as a business-intelligence software company [1] - It has evolved into a publicly traded Bitcoin entity, indicating a dramatic shift in its business model [1]

Core Viewpoint - MicroStrategy's founder Michael Saylor announced the company's commitment to purchase Bitcoin every quarter indefinitely, following a recent acquisition of 1,142 BTC for approximately $90 million, bringing its total Bitcoin holdings to over 714,000 [1][4]. Group 1: Company Strategy - MicroStrategy's strategy has shifted from being an enterprise software company to acting as a leveraged Bitcoin proxy, raising concerns about dilution as it may need to issue new equity and debt to fund its crypto investments [4]. - The firm has accumulated a significant amount of Bitcoin, with its total holdings currently underwater by an estimated $4.5 billion due to Bitcoin trading at around $67,000, which is below the recent purchase price [5]. - Despite recent disappointments in stock performance, there are arguments that MicroStrategy's continued investment in Bitcoin could provide high-beta exposure to the cryptocurrency market without the complexities of direct ownership [6]. Group 2: Financial Position - MicroStrategy's capital structure is primarily financed through long-dated convertible debt, with no major maturities until 2028, allowing it to withstand significant market downturns [7]. - The company has a cash reserve of $2.25 billion, which is projected to cover 30 months of obligations, positioning it well to capitalize on future Bitcoin rallies [8].

Group 1 - Strategy Inc (NASDAQ:MSTR) acquired an additional 855 bitcoin for $75.3 million, averaging $87,974 per bitcoin, between January 26 and February 1 [1] - Prior to this, the company spent $264.1 million to purchase 2,932 bitcoin at an average price of $90,061 from January 20 to 25 [1] - The total bitcoin stockpile now stands at 713,502, with an aggregate cost of $54.26 billion, averaging $76,047 per bitcoin [1] Group 2 - Approximately 88% of analysts covering MSTR have a "Buy" rating, with a median target price of $445, indicating a potential upside of around 200% [2] - The price of MSTR has decreased by approximately 10.9%, coinciding with a 10.5% drop in bitcoin prices from $79,000 to $70,000 [2] - Strategy Inc has adopted bitcoin as its primary treasury asset, positioning itself as an enterprise analytics and mobility software provider [2]

Group 1 - Strategy's stock experienced significant volatility, dropping 71% from last summer's all-time high, while Bitcoin has fallen 50% from its peak last October [2] - As of the latest data, Strategy holds 713,502 Bitcoins valued at $49.9 billion, contrasting with its market cap of $31.0 billion and enterprise value of $43.8 billion, indicating a substantial discount on its digital assets [2] - The relationship between Bitcoin's price and Strategy's stock is highly correlated, with any change in Bitcoin's price likely to affect Strategy's stock price [3] Group 2 - The fourth-quarter earnings report for Strategy showed mixed results, with significant bottom-line losses despite modest revenue growth, which did not drive the stock price as much as Bitcoin's fluctuations [7] - Executive Chairman Michael Saylor emphasized a long-term bullish outlook on Bitcoin, asserting that the company's debt covenants would remain secure even with a drastic drop in Bitcoin's price [8] - The market is currently reacting to perceived overreactions in stock prices, reflecting the volatile nature of the relationship between Bitcoin and Strategy [3][8]

Group 1 - Stellantis (STLA) has recorded a $26 billion charge and will not pay an annual dividend in 2026 due to overestimating the pace of the energy transition [3] - Bitcoin (BTC-USD) has seen a significant decline, losing more than half of its value from an all-time high of over $126,000 in October 2025, now trading close to $60,000 [5] - Strategy (MSTR) has reported a $17.5 billion net unrealized loss on its digital assets in Q4, with its stock dropping 17% during a session, indicating severe financial distress [5] Group 2 - The CEO of Strategy (MSTR), Phong Le, mentioned the possibility of selling Bitcoin to fund dividend payments if necessary, raising concerns about market perception and shareholder dilution [5] - Meta (META) is testing a new AI video-focused app called 'Vibes' as a separate platform, indicating a strategic shift towards AI-driven content [7] - Toyota (TM) has announced the resignation of its CEO after just three years, which may impact the company's strategic direction and market confidence [7]