MicroStrategy Short Sellers Have Lost $3.3 Billion So Far This Year

Investors shorting MicroStrategy (Nasdaq ticker: MSTR) have lost a total of $3.3 billion this year, according to a new study. As Business Insider notes, "MicroStrategy shares, which hold the most bitcoin of any single company, have surged 180% this year on the back of the BTC rally. Short sellers of MSTR have lost money as a result. Short-covering (buying to cover shares sold short) by investors could push MSTR stock higher."