😲 The well-known short-selling institution Citron announced a short on MicroStrategy, causing MSTR's stock price to drop over 20% after a gap down.
It's somewhat like a real estate loan, similar to Mr. Xu's operations.
MicroStrategy's magic:
Buy Bitcoin → Stock price rises → Borrow more to buy more Bitcoin → Bitcoin rises → Stock price rises further → Take on more debt → Buy more Bitcoin → Stock price continues to rise → Issue more shares to sell for cash → Buy more Bitcoin → Stock price keeps rising……