Kerrisdale Capital tweeted: “GM. We’re short $MSTR and long bitcoin. Report avail at http://kerr.co/mstr. Crypto trades often get carried away and $MSTR is no exception. The BTC price implied in $MSTR shares is now over $177k, an unjustifiable 2.6x the spot price of BTC.”
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Read More on MSTR:
- MicroStrategy’s Chairman Saylor sells $4M in company shares
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- Cathie Wood Expects Bitcoin (BTC-USD) to Hit $3.8M
- MicroStrategy Chairman Michael Saylor sells $1.6M in company sharers
