Bitcoin Surge Lifts MSTR to $137.40 Amid Short-Covering Bets
The price of MSTR reached $137.40 as Bitcoin moved above $80,000.
Peter Schiff attributed part of the stock's rally to short-covering and maintained his 'death spiral' thesis.
Schiff wrote on X, 'Not sure what's behind today's sharp $MSTR rally, though I suspect short-covering has a lot to do with it.'