Goldman Sachs research reveals that crypto-related equities such as MicroStrategy (MSTR) and Coinbase (COIN) are among the most shorted large-cap stocks, with 14% and 10% short interest respectively. Both firms have suffered significant share price declines in the past six months, mirroring Bitcoin's fall from its October peak to around $68,600. Despite concerns about MicroStrategy potentially needing to liquidate Bitcoin holdings if stock prices fall further, experts note misunderstandings surrounding its balance sheet and business model.
