MSTR down 18% from pre-market highs after Citron announces shorting
MSTR shares are down 18 per cent from their high ($535.7) in pre-market trading and are now quoted at $438 after well-known short-seller Citron announced a short on MSTR for hedging, ticker data shows. As previously reported, Citron Research, a well-known short-seller, officially posted on social media that with bitcoin investing easier than ever (you can now buy ETFs, COINs, and HOODs), MSTR's trading volume has become completely detached from BTC's fundamentals. While Citron remains bullish on Bitcoin, we have hedged our bets by opening a short MSTR position.
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