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Hedge fund profits by shorting Bitcoin stock MicroStrategy — but not Tesla

Argonaut chief Barry Norris said he believes the recent crypto rallies are “unsustainable,” so he’s shorting Bitcoin stocks like Coinbase.

eBay says it’s open to crypto — it said the same about Bitcoin in 2014

eBay’s chief recently revealed the company was exploring how to host NFT sales and handle crypto. We’ve heard the latter before.

MicroStrategy’s Bitcoin stash makes up 80% of its market value, having spent over $2 billion on BTC since August.

HSBC effectively reasoned that MicroStrategy now derives too much of its value from Bitcoin, so its customers can no longer buy MSTR stock.

MicroStrategy, the NASDAQ-listed data intelligence company run by Bitcoin bull Michael Saylor, is sitting on $4.4 billion worth of BTC.