Bitcoin24h $108,754.36-0.52%

Ethereum24h $2,537.23-2.43%

XRP24h $2.22-2.59%

BNB24h $656.57-0.94%

Solana24h $150.61-3.25%

TRON24h $0.2853+0.32%

Dogecoin24h $0.1667-4.57%

Cardano24h $0.5805-4.64%

Hyperliquid24h $38.48-5.48%

Sui24h $2.92-3.84%

MicroStrategy down 16% after short-seller’s report

Andrew Left tweeted negatively about MicroStrategy 13 minutes into Thursday’s trading session. Within 90 minutes, the stock had declined 16%.

The math behind MicroStrategy’s bitcoin bet

Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.

MicroStrategy started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion.

Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.

Bitcoin is not only rallying after the re-election of Donald Trump but is further fueled by corporate leverage at four public companies.