Before the approval of the Bitcoin (BTC) spot ETF, Microstrategy (MSTR) stock was one of the most prominent stocks traded by investors for long-term exposure to BTC.
According to investment firm Kerrisdale Capital, there may be a few reasons for investors to gain exposure to BTC, as a crowd of companies secured regulatory approval in January 2024.
Kerrisdale Capital highlighted while talking further, “The days when MicroStrategy shares represented a rare, unique way to gain access to Bitcoin are long over.”
The investment firm states that it has short positions on MSTR stock. In the past 30 days, the stock added +681.72 to its trading price. At the time of writing, the stock was trading at $1,704.
Kerrisdale Capital said they are long bitcoin and short shares of MicroStrategy, a proxy for bitcoin, which trades at an unjustifiable premium to the digital asset that drives its value.
In the past 52 weeks, MSTR stock traded highest at $1999.99 and fell to $266, i
We współpracy z: https://www.thecoinrepublic.com/2024/03/29/mstr-stock-is-overvalued-claims-kerrisdale-capital-btc-surging/
