MicroStrategy Inc (NASDAQ:MSTR) has witnessed a significant downturn in the fortunes of short sellers betting against it, with losses amounting to $1.92 billion since March, as revealed by S3 Partners. This financial hit underscores the rally that enabled MicroStrategy’s stock to surpass Bitcoin in performance. The introduction of several spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) in January has played a crucial role in bringing the cryptocurrency asset class into the mainstream, Reuters reports. In addition to MicroStrategy’s losses, traders who …