TechFlow news, May 26 — According to CoinDesk, research firm 10x Research reported last Friday that despite Bitcoin's repeated record highs, MicroStrategy (MSTR) shares have stagnated, indicating waning investor enthusiasm. The firm recommended a bearish options spread strategy: buying the $370 put option expiring on June 27 while selling the $300 put option expiring on the same day. This strategy would achieve maximum profit if MSTR's share price drops to $300 or lower before June 27. Last Friday, MSTR shares fell 7% to $369. As the publicly traded company holding the largest amount of Bitcoin—576,230 BTC—the divergence between MSTR and Bitcoin prices has raised market concerns, and this options strategy could also hedge against potential weakness in Bitcoin.
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