MicroStrategy, the largest holder of Bitcoin, was shorted and the stock price plummeted 2.5 times the stock price by 10%

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MicroStrategy, the largest holder of Bitcoin, was shorted and the stock price plummeted 2.5 times the stock price by 10%

Enterprise software company MicroStrategy (MSTR) has always held and continued to buy bitcoins, making its stock price extremely high. Short-selling investment company Kerrisdale Capital published a report stating that the company is optimistic about Bitcoin but short (short) MicroStrategy. There is an unreasonable premium on MicroStrategy's current transaction price compared to Bitcoin, which is driving its value increase. After the release of …