Reported about 7 hours ago
Andrew Left of Citron Research is questioning the sustainability of MicroStrategy's strategy of heavily investing in Bitcoin, suggesting that its stock is overvalued and detached from Bitcoin's actual performance. This criticism led to a significant drop in MicroStrategy's stock price. While the company has benefitted from rising Bitcoin prices, it faces risks due to its leveraged exposure and significant debt. Investors are advised to closely monitor Bitcoin's performance before making decisions regarding MicroStrategy's stock.
Source: YAHOO