Citron Shorts MicroStrategy, Sparks Sharp Selloff Despite Positive Bitcoin Sentiment [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
Activistic short seller Citron observed on social networking site X that it had suggested MicroStrategy almost four years ago as a main vehicle for Bitcoin (BTC) investment, assigning a $700 price target at the time Warning! GuruFocus has detected 8 Warning Signs with MSTR. However, following the stock's superb run-up, Citron contended that trading activity for the stock deviates from BTC principles. The company cited the growing availability of direct cryptocurrency investments through ETFs and platforms like Coinbase ( NASDAQ:COIN ) and Robinhood (HOOD) as reasons MicroStrategy is less necessary for BTC exposure. Citron said it had hedged its perspective with a short position against MicroStrategy, even though it maintained a positive outlook on BTC. Supported by robust investor attitude toward BTC markets, MicroStrategy shares remain up 78% from Election Day and have gained 529% YTD despite Thursday's selloff. This article first appeared on GuruFocus
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MSTR
News
- Beware of the ‘Ponzi funds' that are hiding in plain sight, says strategist [Yahoo! Finance]Yahoo! Finance
- MicroStrategy Copycats Are Buying Bitcoin as Price Nears $100,000 [Yahoo! Finance]Yahoo! Finance
- Bitcoin at record highs, sets sights on $100,000 [USA TODAY]USA TODAY
- Why Michael Saylor sees bitcoin soaring to $13 million by 2045 [Yahoo! Finance]Yahoo! Finance
- Crypto Weekly Report Nov 22, 2024 [Yahoo! Finance]Yahoo! Finance
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