Strategy becomes the most shorted stock in the US as Bitcoin recovers around $70,000

When Bitcoin recovers to around $70,000 but still remains significantly below the October 2025 peak, the large Bitcoin holding company led by Michael Saylor – Strategy – has become one of the most heavily shorted large-cap stocks in the US.

According to cited data, among companies with a market capitalization over $25 billion, the short-selling ratio for Strategy is among the highest in the market. The “short” positions, which are pessimistic, account for about 14% of the total market value, equivalent to nearly $6 billion, based on a market cap of approximately $42 billion.

Currently, Strategy holds about 717,722 BTC, with an estimated value of around $47 billion at market prices. This development indicates that investors remain cautious about a business model closely tied to Bitcoin’s volatility, despite the recent recovery in the cryptocurrency market.