US Large-Cap Stock Sees Record Short Positions Amid Bitcoin Price Slump

The market for corporate investments in bitcoin is facing a major challenge as one of the largest players in this space sees its shares become increasingly shorted.

According to data from Goldman Sachs, the company in question has seen $6 billion worth of short positions opened on its shares. This represents 14% of the company's market value and puts it at the top of the list for large-cap stocks in terms of short position volume.

The company's strategy of investing in bitcoin has been effective in the past, but the recent decline in the cryptocurrency's price has disrupted this mechanism. As a result, the company's shares have plummeted by 61.39% over the past six months and are now trading at $135.65 - below the value of its cryptocurrency reserves per share.