Kerrisdale Capital Is Short Microstrategy, Long Bitcoin

StreetInsider03-28

Kerrisdale Capital said Thursday that it is short shares of Microstrategy, Inc. (NASDAQ: MSTR), despite also being long Bitcoin.Microstrategy shares dropped 2.7% in morning trading.The firm has ...

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Comments

  • SPACE ROCKET
    03-28
    SPACE ROCKET
    Totally absurd and lame lol. How can you long bitcoin and short MicroStrategy when $MicroStrategy(MSTR)$ have the largest moat of Bitcoins. Totally ironic. When Bitcoin skyrockets, so will the balances of MSTR and its market cap.  Kerrisdale thinks he is smart, but the lights are obviously on and no one's home. LoL. An idiom to say how shallow his comment is 😶‍🌫️🤯
    • JiaDeName
      Precisely! If Kerrisdale Capital short huge volumes of MSTR, they will have to cover their shorts in huge volume, which leads to massive price increase in MSTR.
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