Crypto Stocks Like MicroStrategy, Coinbase Could Shoot Up if Short Sellers Exit
MicroStrategy and Coinbase’s stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners.
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MSTR
MicroStrategy and Coinbase’s stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners.
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
Few years in recent memory have been as good for Bitcoin (BTC) as 2024. The world’s premier cryptocurrency not only … Continue reading
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Michael Saylor doesn’t plan to sell any of MicroStrategy’ (MSTR)s bitcoin (BTC) anytime soon, or potentially ever, he said in an interview with Bloomberg TV on Tuesday.
The company was the owner of 190,000 bitcoin as of the end of January.
Early investors in MSTR can consider taking profit as shares appear overvalued and could fall by 20%, according to 10x Research.
The company added to its holdings in November.