Does MicroStrategy (MSTR) Stock Have the Potential to Short Squeeze Higher?

Shares of MicroStrategy (NASDAQ:MSTR) are down by about 5% as several spot Bitcoin (BTC-USD) exchange-traded funds (ETFs) begin their first day of trading following U.S. SEC approval. These include BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NASDAQ:IBIT) and the ARK 21Shares Bitcoin ETF (NYSE:ARKB). However, so far in 2024, MSTR stock is now down by 22%.The emergence of Bitcoin ETFs presents a major threat to MicroStrategy, as many people have invested in the Bitcoin-centric company as a proxy for the act ...