Bitcoin Treasury Bear Market Nears End as Key Short Seller Exits MSTR
Kynikos Associates has closed its short position against MicroStrategy (MSTR), a major Bitcoin holder, and initiated a long position on Bitcoin. This shift is seen as a bullish indicator for corporate crypto treasury strategies.
James Chanos, founder of Kynikos, noted MSTR shares have dropped 50% from their 2025 high, with its market Net Asset Value (mNAV) compressing significantly. This suggests a more accurate valuation for the company.
The resolution of the US government shutdown also provides a positive macroeconomic development, boosting market confidence.


Cryptovka
Bitcoin Treasury Bear Market Nears End as Key Short Seller Exits MSTR
The challenging period for Bitcoin treasury companies appears to be approaching its conclusion, following a significant development in the investme...








