Microstrategy shares stay flat even as Bitcoin hits all-time highs
On Wednesday, May 21, Bitcoin achieved a new all-time high of $109,487.23, which saw the largest cryptocurrency surpass $2.17 trillion in market cap.
This puts Bitcoin in fifth place among the most valuable assets in the world. Bitcoin is now above Amazon and Alphabet and only trails gold, Microsoft, Nvidia, and Apple.
At press time, Bitcoin was trading at $109,721.94, up over 4.19% over the last day, as per Kraken's price page.
During the ecstatic rush, Strategy (previously MicroStrategy) executive chairman Michael Saylor posted to X with his usual bravado, "If you're not buying bitcoin at the all-time high, you're leaving money on the table." The post rapidly went viral, prompting an extensive discussion across Crypto X.
One of the most popular replies was by an analyst and a key opinion leader, Quinten Francois, who joked, "You'll buy the top forever, aren't you, Michael?"
Saylor's post aligns with his view of Bitcoin as a long-term store of value, no matter the price. Strategy has made strides in collecting Bitcoin since early 2020 and has over 576,230 Bitcoins sitting on its balance sheet.
Saylor has also clarified that the company intends to keep buying, even at all-time highs. Interestingly, Strategy has never sold Bitcoin. Strategy's share price sits at $419.57 at press time, up over 0.66% over the last day.
Many critics have pointed out that new retail buyers could be chasing a top; however, many Bitcoin believers interpret Saylor's comment as a further show of institutional confidence in the asset's future.
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Yahoo
8 minutes ago
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Should You Buy the Dip on XRP?
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Why The Next Internet Isn't Web3—It's Interchain
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Business Wire
an hour ago
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Global Short Sellers Circle Live Nation, Marriott, Kering, and ANTA Sports as Recession Fears Rise
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The report is a monthly listing of the top 10 most crowded shorted securities in the Americas, EMEA, and APAC regions, categorized by large-, mid-, and small-cap ranges. Hazeltree compiles data from its proprietary securities finance platform data, which tracks approximately 15,000 global equities across the Americas, EMEA, and APAC. The data, available to select clients, is aggregated and anonymized from the contributing Hazeltree community, which comprises approximately 700 asset management funds. The firm assigns securities a Hazeltree Crowdedness Score, a key metric that grades securities on a scale of 1 to 99, with 99 representing the highest concentration of shorting activity. This scoring highlights securities most targeted by investors and reflects key supply-demand dynamics. 'We witnessed an extension of consumer spending taking root across the globe as major lifestyle brands shot to the top of Hazeltree's most crowded shorts across companies focused on entertainment, energy, fashion, travel, electronics, and more,' said Tim Smith, Managing Director of Data Insights at Hazeltree. 'In the Americas, we also noticed large-cap stocks turning back toward tech, with five out of the most crowded shorts from four in April. Mid-cap company MARA Holdings, Inc. - the digital asset crypto mining company - also is a noteworthy standout and had an unusually high institutional supply utilization at 72.48% with the increasing investing fervor around Bitcoin.' Highlights from the May 2025 report include: Americas In the large-cap category, Live Nation Entertainment, Inc. and Chevron Corporation were the most crowded securities with a score of 99. 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Note to editors: If you are a member of the media/press and would like to be included on the distribution list for this report, please contact btanner@ Hazeltree Shortside Crowdedness Report Methodology The Shortside Crowdedness Report tracks shorting activity in three different metrics: Hazeltree Crowdedness Score: This score represents securities that are being shorted by the highest percentage of funds in Hazeltree's community in a pre-defined category. The securities are graded on a scale of 1-99, with 99 representing the security that the highest percentage of funds are shorting. Institutional Supply Utilization: This figure represents the percentage of the institutional investors' supply of a particular security that is being lent out. The institutional supply utilization rate is an indicator of how 'hot' a security is in terms of the supply-demand dynamic. It is possible to see 100% utilization of a security's availability, making it difficult to establish new short positions. Hazeltree Community Borrow Fee: This figure is the average weighted fee for what funds in the Hazeltree community are paying to borrow a security. The fee is represented as the annualized cost calculated as a percentage of the price of the security. About Hazeltree Hazeltree is a leader in active treasury and intelligent operations technology. Purpose-built for the alternative asset management ecosystem, Hazeltree's modular platform aggregates internal and external data, providing a comprehensive view of operations and counterparty relationships while proactively highlighting opportunities to extract more value from every transaction. Hazeltree is headquartered in New York with offices in London, Bournemouth, and Hong Kong. For more information, please visit
