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MICROSTRATEGY SHARES ARE OVERVALUED: KERRISDALE CAPITAL Kerrisdale Capital released a research report stating that MicroStrategy's shares have become overvalued, viewing them as a proxy for Bitcoin trading at an unjustifiable premium. The investment firm disclosed holding… https://t.co/Fy2m4691gq
Short seller @KerrisdaleCap says it's short $MSTR stock and long $BTC. None of the reasons cited for the stock’s attractiveness justify paying well over double for the same coin, the report said. https://t.co/SgP5jjoWJo
Bitcoin or MicroStrategy Stock? Analyst Says MSTR Trades at ‘Unjustifiable Premium’ Over BTC ► https://t.co/M5faQmBIFc https://t.co/M5faQmBIFc
Investment firm Kerrisdale Capital has taken a short position on MicroStrategy ($MSTR) stock while being long on Bitcoin. The firm believes MicroStrategy's shares are overvalued and trading at a premium compared to Bitcoin, with the stock price implying a much higher value for Bitcoin than its current spot price. This move has caused MicroStrategy's shares to drop by 13.8% and has generated discussions about the company's valuation in relation to Bitcoin.