{"id":59779,"date":"2025-11-21T19:01:47","date_gmt":"2025-11-21T19:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59779"},"modified":"2025-11-21T19:01:47","modified_gmt":"2025-11-21T19:01:47","slug":"long-bitcoin-short-microstrategy-citron-research-proud-of-the-timing-one-year-later","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59779","title":{"rendered":"Long Bitcoin, Short MicroStrategy: Citron Research &#8216;Proud Of The Timing&#8217; One Year Later"},"content":{"rendered":"<div>\n<p>Short seller <strong>Citron Research<\/strong>, led by <strong>Andrew Left<\/strong>, <a href=\"https:\/\/www.benzinga.com\/24\/11\/42118133\/short-seller-andrew-left-targets-microstrategy-stock-as-hedge-against-bullish-bitcoin-bet-completely-detached-from-btc-fundamentals\">made a prediction<\/a> one year ago. The firm bet on <strong>Bitcoin <\/strong><a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), but against the Bitcoin treasury company <strong>Strategy Inc<\/strong> <a class=\"ticker-link\" data-ticker=\"MSTR\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\">MSTR<\/a>). Here are the results of the trade.<\/p>\n<h2 class=\"wp-block-heading\">Citron Bets Against MicroStrategy<\/h2>\n<p>Citron Research, <a href=\"https:\/\/www.benzinga.com\/general\/gaming\/23\/01\/30412695\/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next\">best known for betting <\/a>against <strong>GameStop <\/strong>years ago, made a bet in November 2024 going long Bitcoin and short MicroStrategy, the company known as Strategy today.<\/p>\n<p>&#8220;MSTR&#8217;s volume has completely detached from BTC fundamentals,&#8221; Citron&#8217;s Andrew Left tweeted one year ago.<\/p>\n<p>The investor said he was hedging a long Bitcoin position with a short MicroStrategy position.<\/p>\n<p>&#8220;Much respect to @saylor, but even he must know $MSTR is overheated,&#8221; Left said of the former Strategy CEO <strong>Michael Saylor<\/strong>, who is the current executive chairman.<\/p>\n<p>Fast forward a year later and Citron is <a href=\"https:\/\/x.com\/CitronResearch\/status\/1991855398270222563\">taking <\/a>its victory lap.<\/p>\n<p>&#8220;How did this one age? One year ago today, Citron laid out the short $MSTR \/ long BTC trade.&#8221;<\/p>\n<p>In a tweet, Citron said Strategy stock is down 68% over the last year, while Bitcoin is down 15%.<\/p>\n<p>&#8220;Proud of the timing \u2013 and grateful for the luck that always plays a part.&#8221;<\/p>\n<p>Strategy stock fell over 16% on the day Citron announced its short position, marking its worst market performance in months. The stock has seen increased &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/25\/11\/49012568\/long-bitcoin-short-microstrategy-citron-research-proud-of-the-timing-one-year-later?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Long\" bitcoin short microstrategy: citron research of the timing one year later>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Short seller Citron Research, led by Andrew Left, made a prediction one year ago. The firm bet on Bitcoin (CRYPTO: BTC), but against the Bitcoin treasury company Strategy Inc (NASDAQ:MSTR). Here are the results of the trade. Citron Bets Against MicroStrategy Citron Research, best known for betting against GameStop years ago, made a bet in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59779","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59779"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59779\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}