finbold.com
Economist Henrik Zeberg has cautioned that Strategy (NASDAQ: MSTR), formerly known as MicroStrategy stock, might implode due to its exposure to Bitcoin (BTC).
According to Zeberg, the stock could soon present “the greatest shorting opportunity,” he said in an X post on July 18.
Meanwhile, MSTR stock is showing weakness in the short term, having ended the last trading session down over 6% to $423.22. Year-to-date, the stock has gained over 40%.
Although there are concerns about Strategy’s Bitcoin plan, the company continues to add more of the asset, currently holding 601,550 BTC at an average purchase price of $66,384.
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