Citron Research says MicroStrategy is 'overheated' [Yahoo! Finance]
MicroStrategy Incorporated - Class A (MSTR)
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm
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US:NASDAQ Investor Relations:
ir.microstrategy.com
Company Research
Source: Yahoo! Finance
In a tweet on Thursday, the research firm reflected on its 2020 endorsement of MicroStrategy as a Bitcoin proxy investment, recalling a price target of $700 when the stock was trading at $200. Fast forward to today, MicroStrategy's price has soared well over the firm's pre-stock split price target, which Citron said is a testament to founder Michael Saylor's bold Bitcoin-centric approach. "Nearly 4 years ago to the date, Citron was the first to tell readers that MicroStrategy was the ultimate way to invest in Bitcoin, setting a $700 target," Citron tweeted, acknowledging Saylor's foresight in adopting the cryptocurrency. However, Citron now considers MicroStrategy's valuation "overheated" and has hedged with a short position in the stock. Despite maintaining a bullish stance on Bitcoin itself, the firm highlighted that MicroStrategy's trading volume has become increasingly detached from the fundamentals of the cryptocurrency. "With Bitcoin investing easier than ever (ETFs,
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News
- Crypto Bull Market: Big News For Bitcoin, Solana, XRP And ETFs [Yahoo! Finance]Yahoo! Finance
- Bitcoin Flirts With $100,000 on Optimism Over US Crypto Outlook [Yahoo! Finance]Yahoo! Finance
- MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation [Yahoo! Finance]Yahoo! Finance
- Canaccord's Joseph Vafi on what's next for bitcoin proxy Microstrategy [CNBC]CNBC
- Bitcoin investor MicroStrategy tumbles 16% after short report [Financial Times (FT.com) (UK)]Financial Times
MSTR
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 8-K
- 11/20/24 - Form 8-K
- MSTR's page on the SEC website