Crypto stock short sellers face $1.9 billion hit as Bitcoin surges – Report

The total short interest in crypto-related stocks stands at $10.7 billion, with MicroStrategy Incorporated (NASDAQ:MSTR) and Coinbase Global Inc (NASDAQ:COIN) accounting for 84% of this short interest. Overall, the sector’s short interest as a percentage of float is over three times larger than the U.S. average of 5.13%.

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