Investment firm Kerrisdale: MicroStrategy's stock price is overvalued
Investment company Kerrisdale Capital believes that the stock price of MicroStrategy is overvalued. The company holds a short position in MicroStrategy's stock and is long on BTC through BlackRock and Fidelity's physical Bitcoin ETF. Kerrisdale Capital stated in the report: "We are long Bitcoin and short MicroStrategy's stock, which is unreasonably overpriced relative to the digital assets that drive its value." Recently, as Bitcoin's price rose, so did the stock price of MicroStrategy, but as often happens with cryptocurrencies, things have become overheated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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