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MicroStrategy shares have been impacted by Bitcoin's price, with a 2x leveraged short product application to the SEC. The MSTR premium dropped to 71.19%, coinciding with Kerrisdale Capital's short position disclosure. Short sellers betting against MicroStrategy have lost $1.92 billion since March due to a rally.
I saw a someone say $MSTR moves 2.75x what Bitcoin does. In other words, very high beta. I don’t have a lot of money in this.. but it’s a really interesting trade. $MSTR could be the digital hotel. https://t.co/uqBhQi2rGu
Pretty wild to see the relative strength in bitcoin and bitcoin stocks like coin / Mstr on a day like today
⚠️ MICROSTRATEGY LEADS CRYPTO SECTOR SHORT LOSSES WITH $2 BILLION HIT SINCE MARCH Full Story → https://t.co/ZZIlKeaBMB Short sellers betting against MicroStrategy have lost $1.92 billion since March, according to data from S3 Partners, highlighting the hit from a rally that… https://t.co/em5HkisACk