According to Goldman Sachs data, Strategy became the most shorted U.S. stock by market value ratio. The company purchased 592 BTC last week for $39.8 million, bringing total holdings to 717,722 BTC acquired at an average price of $76,020. With Bitcoin near $66,000, the position implies roughly $7 billion in unrealized losses. The latest buy marked Strategy’s 100th purchase since August 2020 and was funded via common stock sales.