TechFlow news — Kerrisdale Capital stated in a report: "We are long Bitcoin and short MicroStrategy’s stock. MicroStrategy is a proxy for Bitcoin, yet it trades at an unreasonable premium to the digital asset that drives its value." "MicroStrategy’s stock price has surged alongside the recent rise in Bitcoin’s price, but as often happens in the crypto space, things have gotten carried away."
Kerrisdale Capital noted in a disclaimer that it holds a short position in MicroStrategy shares and would "realize gains" if the company's share price declines.




