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Bitcoin

MicroStrategy Stock Trading at $177,000-Per-Bitcoin Premium: Short Seller

"MicroStrategy shareholders are now paying $177,000 per bitcoin when they could instead gain exposure to the asset" via ETFs, Kerrisdale Capital said.

By: Business Insider
  • Mar 29 2024
  • 32
  • 2966 Views
MicroStrategy Stock Trading at $177,000-Per-Bitcoin Premium: Short Seller
MicroStrategy Stock Trading at
Kerrisdale Capital is buying bitcoin and shorting MicroStrategy stock as an arbitrage trade. The short seller said in a report that MicroStrategy is trading at a premium valuation of $177,000 per bitcoin. "As is often the case with crypto, things hav... [2748 chars]

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