Citron said it had hedged its perspective with a short position against MicroStrategy, even though it maintained a positive outlook on BTC. Supported by robust investor attitude toward BTC markets, MicroStrategy shares remain up 78% from Election Day and have gained 529% YTD despite Thursday's selloff.

Citron Research has taken a short position in MicroStrategy , the company said in a post on social media platform X on Thursday.

Much respect to @saylor, but even he must know $MSTR is overheated,” Citron Research wrote in a post on X. The firm is referring to MicroStrategy chairman and controlling sha