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MicroStrategy, Citron
MicroStrategy sinks after Citron Research shorts 'overheated' stock
MicroStrategy (NASDAQ:MSTR) slumped 16.2% to $397.28/share on Thursday, reversing earlier gains that saw shares rise nearly 15%, after activist short seller Andrew Left's Citron Research bet against the "overheated" stock.
What's Going On With MicroStrategy Stock After The Bell?
MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin BTC/USD and for general corporate purposes. MicroStrategy holds a total of 331,200 Bitcoin purchased at an average price of approximately $49,874 per coin as of Nov. 17.
MicroStrategy sinks after Citron Research announces short position
Shares of MicroStrategy (MSTR) closed down 16% after Andrew Left’s Citron Research disclosed a short position the name. The short seller said
1d
on MSN
Short Seller Andrew Left Targets MicroStrategy Stock As Hedge Against Bullish Bitcoin Bet: 'Completely Detached From BTC Fundamentals'
Citron Research’s Andrew Left believes the run in shares of MicroStrategy Inc (NASDAQ:MSTR) is not going to end well in the ...
CoinDesk on MSN
1d
MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation
One of the more impressive runs higher ever seen in stocks took at least a brief breather on Thursday, with Bitcoin ...
Moneyweb
14h
Short sellers feel heat after US charges Andrew Left with fraud
Prosecutors announced criminal charges against him, while the SEC brought a civil lawsuit — cases that could upend his firm, ...
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