MicroStrategy Is The Most Shorted Stock In The World, Saylor’s Down Billions, Can Bitcoin Bounce Back?
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The company formally known as MicroStrategy (it’s just Strategy now) is officially the most shorted company in the world after Bitcoin took a massive 50% dip and Michael Saylor was spotted learning how to tie a noose.
Bearish investors have put money against 14% of the company’s entire market capitalisation which is just a bit harsh, isn’t it?
Strategy and Saylor previously had a massive win when Bitcoin reached an all time high (ATH) last year, but now that the party’s over, Saylor has reportedly lost billions and as one of the largest holders of Bitcoin the company is sat on a big pile of nothing.
But who’s to say that Bitcoin won’t turn around? If the crypto currency can rally and return to its previous form, all those shorts will be obliterated and Saylor will be laughing all the way to the returns desk at the noose store.
Maybe we can see another GameStop situation, where the internet rallies behind a cause and pumps Bitcoin up to kill the shorts.
Hey, we’re Wall Street Memes, birthed from Wall Street Bets and the GameStop saga and all that marketing copy. We’re the home of the degen and the hottest memes and etc. etc. We’ve got a community that can rally behind us right? With just my words, we can bring about an end of the shorts and save our beloved Strategy, right?!
So, who’s with me? I said, WHO’S WITH ME!!
…
Ok, I guess this isn’t the same situation at all. Fine, but don’t come crying to me when I’m rich and you’re dead.
RIP Bitcoin. It was beautiful while it lasted.
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