Whale "Strategy Counterparty" Flips $240M Short Portfolio to $356M Long Positions in BTC and ETH

Whale address 0x94d, dubbed "Strategy Counterparty," built long positions across ten cryptocurrencies in the early hours of Jan. 9, bringing total long exposure to $356M with $137M allocated to 15x leveraged BTC and ETH longs each, Coinbob hot-address monitoring data cited by BlockBeats show. Around 7:00 a.m., the address cut its SOL long by roughly 165,000 tokens (about $23.2M), reducing exposure from $54M to $30.7M, while maintaining a 20x XRP long of about $40.3M and a 20x SOL long of about $30.7M, all currently in profit. The wallet fully closed six major altcoin short positions between the prior evening and morning, totaling over $240M, including more than $140M in BTC shorts that generated roughly $3.26M in realized profit; it was previously the largest BTC short on Hyperliquid. The address began building positions in December with about $20M in initial capital and has been viewed by the market as an on-chain counterparty to MicroStrategy due to its opposing BTC direction.