MicroStrategy is trading 6.24% up now at $110.76 after an overnight cryptocurrency rally and broad short squeeze.
- Bitcoin is up 4.75% since the August 19 close, while Ethereum has gained 7.47%, strengthening sentiment across crypto-linked equities.
- More than $3.3 billion in leveraged crypto positions were reportedly liquidated over 24 hours.
- Short positions accounted for roughly $3 billion, amplifying buying in MicroStrategy.