Reported 1 day ago
MicroStrategy's stock dropped 16% after Citron Research announced a new short bet against it, despite a massive 500% increase earlier this year. The decline comes as Bitcoin hits record highs, trading at nearly $98,000. The company recently purchased another 51,780 bitcoins, bringing its total holdings to 331,200. Critics are questioning the sustainability of MicroStrategy's stock surge, suggesting it has diverged from Bitcoin's fundamentals.
Source: YAHOO