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Short sellers are betting $11 billion against MicroStrategy, a company heavily invested in Bitcoin. Kerrisdale Capital is shorting MicroStrategy and long on Bitcoin, citing an 'unjustifiable premium' of MicroStrategy over Bitcoin. MicroStrategy's market cap surpasses half of S&P 500 firms due to its Bitcoin bet, leading to debates on the stock's valuation compared to Bitcoin.
MicroStrategy Is Up 170% This Year. A Short Seller Says Its Overvalued. https://t.co/GyNU16Ba4x
Our video on MicroStrategy $MSTR pointed to how excessively overvalued the company is relative to the bitcoin it holds. Simple math. The torrent of "you just don't understand bitcoin" Kool Aid drinkers that came around wasn't a surprise. What was a surprise was that not one of…
Short seller Kerrisdale Capital is betting against $MSTR, calling the stock's premium "unjustifiable." @karenfinerman and @grassosteve debate the strategy. https://t.co/1aRgjD3Yd7
