MicroStrategy's share price surged over 20% in early US trading on March 4, retaining a gain of over 15% by midday. The company, an active Bitcoin investor, saw its stock open at $1,200 and reach an intraday high of $1,339. Mechanism Capital co-founder Andrew Kang noted that around 20% of MicroStrategy's publicly available shares, worth about $3 billion, were locked into short positions. He warned that miscalculation could lead to a short squeeze similar to GameStop's in January 2021. MicroStrategy's Bitcoin holdings are currently worth $12.8 billion.