The Center of the Short-Selling Storm
According to the latest hedge fund position data disclosed by Goldman Sachs, a major listed company has become the most shorted stock in the US market. The proportion of its shares sold short relative to market capitalization ranks highest among large-cap stocks, drawing significant market attention.
Prior to this, the company purchased 592 Bitcoins for USD 39.8 million. It now holds over 717,722 Bitcoins in total. However, with Bitcoin trading around USD 66,000 recently, the average cost of its holdings stands at USD 76,020 per Bitcoin, resulting in approximately USD 7 billion in unrealized losses.
Institutional Ratings Remain Bullish
Despite the paper losses from its Bitcoin investments, market institutions remain confident in the company's fundamentals. Among 16 major brokerage firms, 14 have issued strong buy ratings, accounting for 94%, indicating that its core business remains highly regarded by the market.
- Bitcoin holdings: 717,722 BTC
- Significant gap between current price and cost basis
- Short interest remains elevated
- Overwhelmingly positive institutional sentiment