MicroStrategy trades at 'unjustifiable premium' to bitcoin, says firm shorting company's stock

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

Kerrisdale Capital is short on MicroStrategy's stock and long on spot bitcoin ETFs offered by BlackRock and Fidelity.

Investment firm Kerrisdale Capital has argued in a new research report that MicroStrategy's shares have become overvalued.

In a disclaimer, Kerrisdale Capital said it holds short positions in MicroStrategy stock and will "realize gains" if the company's shares drop in price. Earlier this week, MicroStrategy's shares achieved a new all-time high Tuesday after surpassing $1,900, according to Yahoo Finance. Bitcoin price action. Image: The Block Price Page.

Meanwhile, MicroStrategy has continued to pursue its strategy of stockpiling bitcoin. The company recently announced it held approximately 214,250 bitcoin, about 1% of cryptocurrency’s total supply.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 464. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares