Short Seller Andrew Left Targets MicroStrategy Stock As Hedge Against Bullish Bitcoin Bet: ‘Completely Detached From BTC Fundamentals’
Posted On November 21, 2024
Citron Research’s Andrew Left believes the run in shares of MicroStrategy Inc (NASDAQ:MSTR) is not going to end well in the near term, and he’s putting his money where his mouth is.
What To Know: Left on Thursday announced a new short position in software firm turned Bitcoin (CRYPTO: BTC) holding company MicroStrategy, despite remaining bullish on the trajectory of Bitcoin.
“$MSTR’s volume has completely detached from BTC fundamentals,” the short seller said in a post on X.
Benzinga has reached out to MicroStrategy for comment.
Left noted in the post that his firm was bullish on MicroStrategy in 2020 when the stock was trading below $250 per …
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