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MicroStrategy and Silvergate are 2022’s most shorted crypto stocks

With a hawkish Fed and structural risks affecting crypto markets, short-sellers may feel they can short the industry’s weakest links.

Grayscale and MicroStrategy struggles hint at hard times for crypto

With the fallout from FTX’s collapse still being felt, there are signs that, for crypto markets, things may get worse before they get better.

According to BlockchainCentre.net, MicroStrategy’s 130,000 bitcoins are worth $2.7B — impressive if it hadn’t spent $4B on acquiring them.

MicroStrategy is at least 23% down on its bitcoin holdings but says it will be selling up to $500 million worth of its stock to buy more.