CoinVoice recently learned that according to cointelegraph, investment firm Kerrisdale Capital is shorting MicroStrategy stock, believing that its price is at an "unreasonable premium" relative to the value of Bitcoin. Sahm Adrangi, chief investment officer of Kerrisdale Capital, said that MicroStrategy's business model mainly relies on holding a large amount of Bitcoin, but this is not enough to support its high valuation.
According to its report, MicroStrategy stock's Bitcoin price valuation is two and a half times the actual price. Adrangi recommends shorting MicroStrategy stock and going long on Bitcoin. MicroStrategy currently holds 226,331 BTC, with a total value of approximately $14.6 billion. [Original link]
