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Can Strategy still amplify Bitcoin’s upside? Hedge funds bet against

Leon Okwatch
August 18, 2025
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Can Strategy still amplify Bitcoin’s upside? Hedge funds bet against
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Strategy’s long-running role as a high-beta proxy for Bitcoin is showing signs of strain, as hedge funds increasingly dominate trading and its largest shareholder trims exposure. According to an Aug. 18 analysis by 10x Research, Strategy has been locked in…

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