According to Odaily, investment firm Kerrisdale Capital is shorting MicroStrategy stocks, claiming an 'unreasonable premium' relative to Bitcoin. Sahm Adrangi, the Chief Investment Officer at Kerrisdale Capital, stated that the value of MicroStrategy would only rise if Bitcoin prices increase. Conversely, if Bitcoin prices fall, so will the value of MicroStrategy. He argued that MicroStrategy should trade at the value of Bitcoin, hence their stance of 'short MicroStrategy, long Bitcoin.'
Kerrisdale Capital Shorts MicroStrategy Stocks, Citing Unreasonable Premium Relative To Bitcoin
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