🚀 Bitcoin hits new highs, but MicroStrategy (MSTR) takes a hit! Despite Bitcoin nearing $100,000, MSTR shares fell 16.2% on Thursday. The stock remains significantly up for the year, but concerns are rising about its valuation.

- Citron Research's Andrew Left, once a bull on MSTR, now hedges by shorting it, though he remains optimistic about Bitcoin.

- MSTR's market cap dropped to $80 million, despite holding 331,000 bitcoins.

- Analyst Bracco calls MSTR a "textbook parabolic short" due to recent trading patterns.

What are your thoughts on MicroStrategy's strategy? Share in the comments!