The "Strategy counterparty" has closed all short positions in major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), generating a profit of approximately $7.17 million in the past day. According to Hyperbot data, the positions in BTC, ETH, SOL, XRP, kBONK, SUI, and FARTCOIN were cleared within the last 20 minutes, with the total account balance exceeding $31.78 million.
The address, which began establishing its positions last December, had been actively adding to its short positions, particularly in BTC and ETH. At one point, its BTC short position surpassed $120 million, marking it as the largest BTC short seller on the blockchain. This activity contrasts with the strategy of a publicly traded company that consistently purchased BTC.
Strategy Counterparty Closes Short Positions, Nets $7.17M Profit
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