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The shares of MicroStrategy, which has been enjoying the fruits of its Bitcoin strategy, plummeted Thursday after a short seller said the stock's value may be overinflated.
A filing this week said proceeds of selling more common stock could be used to add to the company's stash of bitcoin.
"We're in here for the long term. Bitcoin is going to outlive all of us," the crypto bull told CNN.
AMC's business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock.
While retail investors are focusing on the broader market, Big Short investor Michael Burry anticipates another market crash — this time of even greater proportions.