Citron Research has voiced concerns over MicroStrategy's current valuation, even as the software company's shares have seen exponential growth fueled by its Bitcoin strategy.
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 ...
After Citron Research disclosed a short position in the stock, claiming it is "overheated," MicroStrategy (NASDAQ:MSTR) shares fell dramatically to $397.28 on Thursday, reversing earlier gains.