Kerrisdale Capital's Perspective on MicroStrategy's Valuation and Bitcoin ETFs
Thursday, 28 March 2024, 14:30
Kerrisdale Capital Challenges MicroStrategy's Valuation
Kerrisdale Capital, a renowned financial firm, has taken a critical stance on the valuation of MicroStrategy in comparison to bitcoin, flagging it as an 'unjustifiable premium'.
Shift in Investment Strategy
The firm has strategically adopted a short position on MicroStrategy's stock while positioning long in spot bitcoin ETFs offered by BlackRock and Fidelity, showcasing a divergent investment approach.
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