BlockBeats News, November 21st, according to market data, after the well-known short-selling institution Citron announced a short position on MSTR for hedging, MSTR's stock price dropped 18% from its pre-market high of 535.7 USD, now trading at 438 USD.
BlockBeats previously reported that the well-known short-selling institution Citron Research officially posted on social media, stating that as Bitcoin investing has become easier than ever (you can now buy ETFs, COIN, and HOOD), MSTR's trading volume has completely detached from BTC's fundamentals. While Citron remains bullish on Bitcoin, we have hedged our position by establishing a short position on MSTR.