MicroStrategy Slumps 14% After Short Seller Says Stock Trades at an Unjustifiable Premium to Bitcoin
Kerrisdale Capital is short MicroStrategy stock and long bitcoin. The stock’s relative attractiveness doesn’t justify paying more than double for the same coin, Kerrisdale said. MicroStrategy is no longer a unique way to gain access to bitcoin, it said. MicroStrategy’s (MSTR) shares fell as much as 14% on Thursday after a prominent short seller, Kerrisdale … Read more