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「Strategy Opposition Trade」 BTC Short Turned Loss into Gain, Unrealized Gain of $2.1 Million

BlockBeats News, January 8th, according to Hyperinsight monitoring, as Bitcoin continued to decline, the Strategy counterparty, on Hyperliquid, the largest BTC bear whale (0x94d37) turned a loss into a profit on a BTC short position, currently shorting 1599.61 BTC with 10x leverage (approximately $144 million), with an average entry price of $91,331.6, and unrealized profit of $2.1 million.


Furthermore, the whale is also in a high leverage short position on 6 altcoins, all currently in unrealized profits.

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Strategy currently holds 641,692 BTC and the mNav is currently reported as 0.979. There is currently no plan to stop accumulating.
Strategy is shifting from relying on common stock issuance to using preferred stock as the primary funding mechanism for Bitcoin purchases.
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