According to market data, after the well-known short agency Citron announced that it would short MSTR for hedging, MSTR's share price fell 18% from its pre-market high ($535.7) and is now quoted at $438.
According to previous reports, Citron Research, a well-known short firm, posted on social media that with bitcoin investing easier than ever (currently available to buy ETFs, COINs, and HOOD), the trading volume of MSTR has been completely divorced from the fundamentals of BTC. While Citron remains bullish on Bitcoin, we have hedged by opening a short position on MSTR.
After Citron announced its short position, MSTR fell 18% from its pre-market high.
2024-11-21 15:42:59
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