Posts Tagged ‘Kerrisdale’
Kerrisdale Shorts Riot Platforms, Says Bitcoin Miner ‘Headed For A Mine Collapse’
KEY POINTS The short seller said Riot’s ‘honeymoon’ phase with Texas as a suitable crypto mining hub is over It also said Riot is a ‘fundamentally poor way’ for investors to express their views on Bitcoin Kerrisdale previously went short on MicroStrategy, which holds 214,000 Bitcoin Short seller Kerrisdale Capital has released a highly critical…
Read MoreMicroStrategy Slumps After Kerrisdale Capital Goes Short On Bitcoin Giant
KEY POINTS Kerrisdale noted that “things have gotten carried away” during the Bitcoin bull run It said MSTR was trading “at an unjustifiable premium” to BTC, which drives the stock’s value Despite MSTR’s Thursday slump, the stock is still up year-to-date by 150% Bitcoin maximalist Michael Saylor’s MicroStrategy dropped as much as 14% Thursday after…
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