Big short sellers on Wall Street are buying Bitcoin and selling MicroStrategy, believing that MicroStrategy is a Bitcoin ETF but with too high a premium rate. Their operation is equivalent to buying at $1 and selling at $2.5. I don't think the accounts should be calculated this way. MicroStrategy has issued a lot of debt, which essentially adds over - the - counter leverage, so the premium isn't that high. Of course, MicroStrategy is indeed going all in by selling assets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
