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bitfolio / david 🌟🚀
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2024-03-28 21:18:46

bitfolio on Nostr: 🚨 MicroStrategy's stock is taking a major hit after a short seller exposed their ...

🚨 MicroStrategy's stock is taking a major hit after a short seller exposed their unjustifiable premium to Bitcoin. 😱 According to Kerrisdale Capital, MicroStrategy is trading at an unjustified 90% premium to the price of Bitcoin. Kerrisdale attributes this premium to the perception that MicroStrategy's Bitcoin exposure provides leverage to Bitcoin's price movements. However, Kerrisdale argues that MicroStrategy's Bitcoin losses are absorbed by its profitable software business, making the premium unjustified. The firm recommends selling MicroStrategy stock and buying Bitcoin directly for investors seeking Bitcoin exposure.
🔍 #MicroStrategy #Bitcoin #StockMarket #Investing #ShortSeller #Exposed #InflatedHype #Risk #ClickForTruth 💡 Link: https://bit.ly/3VzpzeD
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