According to Odaily Planet Daily, investment firm Kerrisdale Capital is shorting MicroStrategy shares, saying that the company's shares are trading at an "unreasonable premium" relative to Bitcoin. Sahm Adrangi, chief investment officer of Kerrisdale Capital, said: "Bitcoin prices must rise for the value of MicroStrategy to rise. If Bitcoin prices fall, the value of MicroStrategy will also fall, and MicroStrategy should be traded at the value of Bitcoin, so our argument is 'short MicroStrategy, long Bitcoin'."
