Why MicroStrategy Stock Tanked by 11% on Thursday [Yahoo! Finance]
MicroStrategy Incorporated - Class A (MSTR)
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm
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Source: Yahoo! Finance
made no bones about what it currently thinks of the tech company-turned- Bitcoin (CRYPTO: BTC) accumulator. As a result, MicroStrategy's share price fell at a double-digit rate, closing more than 11% lower. Short the stock now, says investment firm Kerrisdale Capital, an investment firm based in New York City, published a report lambasting MicroStrategy while recommending that investors go long on Bitcoin. Kerrisdale cheekily sub-titled the report "Know When to HODL , Know When to FODL," a play on the "hold on for dear life" acronym that is a favorite of crypto investors. The firm is short on MicroStrategy and long on Bitcoin, and it did not mince words about the former. Due to the surging popularity of the leading cryptocurrency, MicroStrategy's shares have generally been on a sharp ride upwards lately. Kerrisdale is uncomfortable with this, writing that The bitcoin price currently implied by MicroStrategy's stock is now over $177,000, i.e., two and a half times the spot
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News
- Governments hold a surprising amount of Bitcoin [Yahoo! Finance]Yahoo! Finance
- MicroStrategy Incorporated (NASDAQ: MSTR) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $1,875.00 price target on the stock.MarketBeat
- The 3rd-Largest Bitcoin (BTC) Wallet Bought 1,400 More BTC Last Month [Yahoo! Finance]Yahoo! Finance
- Bitcoin makes gains after ‘halving,' shares of crypto-linked firms soar [Yahoo! Finance]Yahoo! Finance
- Following ‘halving,' Bitcoin makes slight gains as shares of crypto-linked firms soar [Fortune]Fortune
MSTR
Earnings
- 11/1/23 - Miss
MSTR
Sec Filings
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- MSTR's page on the SEC website