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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: