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Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details - Dr-Buzz4U

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Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details

Dr-tech March 28, 2024 news

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Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details

Kerrisdale Capital, a hedge fund, today disclosed a nuanced investment thesis: going long on Bitcoin while concurrently taking a short position on MicroStrategy shares. This move is predicated on the assessment that MicroStrategy, which has positioned itself as a de facto Bitcoin investment vehicle, is trading at a significantly unjustified premium to the underlying cryptocurrency [...]