Strategy Becomes Most Shorted Large-Cap Stock Amid Bitcoin Price Drop

Strategy, a leading player in the cryptocurrency market, has seen its stock become the most heavily shorted large-cap stock in the US. This shift reflects growing doubts about the company's aggressive accumulation strategy, which involves using share issuances and convertible debt to purchase Bitcoin.

The price of Bitcoin has pulled back significantly from its record high in October 2025, prompting investors to reassess the sustainability of Strategy's approach. As a result, approximately $6 billion worth of Strategy shares have been sold short, signaling strong bearish sentiment.