Institutional interest is growing in Strategy's preferred securities (STRC), formerly MicroStrategy, even as its common stock, MSTR, remains heavily shorted. Prevalon Energy and Anchorage Digital recently allocated portions of their corporate treasuries to STRC. This suggests demand for Strategy’s capital structure exists outside of MSTR. Strategy continues to purchase Bitcoin, despite it trading below the company's average purchase cost of around $76,000 per coin, resulting in an unrealized loss of nearly $6 billion. Short sellers have maintained a significant position, with over $5 billion shorted as of February 13, representing roughly 14% of the float. The stock loan data indicates MSTR is not difficult to borrow, with borrow fees around 0.41% annualized.

Institutional interest is growing in Strategy's preferred securities (STRC), formerly MicroStrategy, even as its common stock, MSTR, remains heavily shorted. Prevalon Energy and Anchorage Digital recently allocated portions of their corporate treasuries to STRC. This suggests demand for Strategy’s capital structure exists outside of MSTR. Strategy continues to purchase Bitcoin, despite it trading below the company's average purchase cost of around $76,000 per coin, resulting in an unrealized loss of nearly $6 billion. Short sellers have maintained a significant position, with over $5 billion shorted as of February 13, representing roughly 14% of the float. The stock loan data indicates MSTR is not difficult to borrow, with borrow fees around 0.41% annualized.