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Based on recent market reports, MicroStrategy (MSTR), Rumble Inc. (RUM), and Bitdeer (BTDR) are three crypto-related stocks poised to deliver major gains if Bitcoin advances toward the $120,000 ...
Bitcoin investment company MicroStrategy made a 74.3% yield on its Bitcoin acquisition for 2024, translating into a gain of 140,630 BTC. The firm’s chairman, Michael Saylor, disclosed this on X, ...
Citron, which had formerly backed MicroStrategy, said the company had become "completely detached" from Bitcoin fundamentals. Despite rumblings about MicroStrategy’s premium, the firm was added to the ...
Take short seller Citron Research, which remains bullish on bitcoin but opened a short position in MicroStrategy as a hedge, in essence betting on the stock price to fall.
Interestingly, Citron Research, which has been overwhelmingly bullish on Microstrategy for the last four years, has now opened a short position against the stock.
But there's no guarantee that MicroStrategy will succeed, or that bitcoin will keep rising. In fact, Citron Research, which is bullish on bitcoin, announced recently that it's shorting MicroStrategy.
MicroStrategy "has completely detached from BTC fundamentals," Citron wrote on X. Interestingly, Citron said it is not short Bitcoin and had been very bullish on MicroStrategy four years ago when ...
For the year to date, MicroStrategy stock is up 513%—and that's even after shares have come off a post-election high that briefly put them up nearly 700%. Either way, that's well above Bitcoin's ...
In this post: MicroStrategy’s stock fell 10% after Citron Research announced it was betting against the Bitcoin-heavy company. Citron argued Bitcoin ETFs make investing easier, making MicroStrategy’s ...
Short seller Andrew Left of Citron Research revealed on Nov. 21 that his firm had taken a short position in MicroStrategy (NASDAQ:MSTR), the software company that has become a prominent Bitcoin owner.
Citron noted that it was still bullish on Bitcoin but was hedging that bet with a short position in MicroStrategy. The company's stock plunged 16% last Thursday when Citron published its short report.