Strategy, the Bitcoin treasury company led by Michael Saylor, has become the most shorted large-cap stock in the U.S. as Bitcoin prices hover near $70,000. Despite the recent price recovery, Bitcoin remains significantly below its October 2025 peak. Data indicates that Strategy's short interest ranks high among stocks with a market cap exceeding $25 billion, with short positions accounting for approximately 14% of its $42 billion market cap, equating to about $6 billion in short bets. Currently, Strategy holds approximately 717,722 BTC, valued at around $47 billion.