12 sats \ 5 replies \ @0xbitcoiner 28 Mar \ on: Kerrisdale Capital: Long BTC/Short MicroStrategy bitcoin
I haven't read everything, but from the first few paragraphs, I get the feeling that they are afraid that MS will go up further? Are they getting squeezed with their short position on MS?
Are they getting squeezed with their short position on MS?
Probably. Here's an excerpt from the pdf:
As of the original publication date of this document, investors should assume that the Authors are short shares of MSTR and stand to potentially realize gains in the event that the market valuation of the company’s common equity is lower than prior to the original publication date.
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