Investment firm Kerrisdale: MicroStrategy's stock price is overvalued

Investment company Kerrisdale Capital believes that the stock price of MicroStrategy is overvalued. The company holds a short position in MicroStrategy's stock and is long on BTC through BlackRock and Fidelity's physical Bitcoin ETF. Kerrisdale Capital stated in the report: "We are long Bitcoin and short MicroStrategy's stock, which is unreasonably overpriced relative to the digital assets that drive its value." Recently, as Bitcoin's price rose, so did the stock price of MicroStrategy, but as often happens with cryptocurrencies, things have become overheated.