Michael Saylor's company, MicroStrategy ($MSTR), saw its stock rise by nearly 22% due to the impact of Bitcoin. Short sellers are wagering billions that the surge in cryptocurrency-linked stocks, driven by Bitcoin's rise, will eventually decline. Investors betting against crypto stocks have lost around $2 billion this year as Bitcoin hits record highs. Short sellers have lost $1.9 billion with Coinbase and MicroStrategy outpacing Bitcoin's surge, leading to more squeezes. Currently, there are $11 billion of shorts on Coinbase ($COIN) and MicroStrategy ($MSTR) as traditional finance traders bet against Bitcoin.