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.
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mstr
MicroStrategy invests $623 million in Bitcoin, now owns over 1% of global supply
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MicroStrategy ups debt offering to $700 million to buy more Bitcoin
MicroStrategy’s MSTR shares surged by about 3% in pre-market trading following the company’s announcement to increase its convertible debt offering to $700 million, up from the initially planned $600 million.
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MicroStrategy’s MSTR shares rally, earns spot among top 500 US companies
MicroStrategy has surged into the elite ranks of the top 500 US companies by market capitalization, riding a recent bullish wave in its stock performance.
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Arkham Intelligence uncovers nearly all of MicroStrategy’s on-chain Bitcoin holdings
Crypto Intelligence firm Arkham Intelligence has reportedly identified on-chain addresses containing 98% of MicroStrategy’s Bitcoin holdings.
According to a Feb.
MicroStrategy pivots to Bitcoin development, flaunts $3.5 billion in unrealized profit
MicroStrategy is rebranding into a Bitcoin development company to reflect the success it enjoys with the flagship digital asset.
In a Feb.