Bitcoin whale MicroStrategy sees its stock plunge after Citron bets against it

MicroStrategy took a massive hit on Thursday after Citron Research revealed it’s betting against the company. The stock dropped by as much as 10% in intraday trading, reversing earlier gains of nearly 15%. Citron described the company’s Bitcoin-heavy strategy as detached from reality, effectively calling out its transformation into a Bitcoin investment vehicle. MicroStrategy’s stock

Source: Cryptopolitan