%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl.com / Software company turned serial Bitcoin (CRYPTO: $BTC ) acquirer Strategy (NASDAQ: $MSTR ) is the most heavily shorted stock on Wall Street. Short bets are wagers that a stock will decline over a set period of time. According to data from both FactSet (NYSE: $FDS ) and investment bank Goldman Sachs (NYSE: $GS ), Strategy has become the most heavily shorted stock in the market as the price of Bitcoin falls. Bearish short bets against Strategy's stock now equal 14% of its market capitalization of $34 billion U.S., making it the most shorted stock by that measure. Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN ) ranked fourth among most heavily shorted stocks at 11% of its market capitalization. Bets against MSTR stock are increasing as Strategy sits on a $7 billion U.S. unrealized loss related to its Bitcoin holdings. Strategy, previously known as MicroStrategy, pivoted from being a software company and began adding Bitcoin to its balance sheet in 2020. It has since accumulated 717,722 BTC worth $47 billion U.S., making it the largest corporate owner of Bitcoin in the world. Strategy, run by Executive Chairman Michael Saylor, is now underwater on its Bitcoin holdings with the price of the largest cryptocurrency down 25% year-to-date and trading at $65,000 U.S. Traders appear to be betting on a continued decline in both the price of Bitcoin and Strategy's stock over the near-term. MSTR stock has been cut in half (down 50%) in the last 12 months to trade at $124.61 U.S. per share.