MicroStrategy rises after buying 55,500 bitcoin for $5.4 bln
** Shares of Bitcoin developer MicroStrategy MSTR.O rise 4% in premarket trading to $438.97 after the company says it bought 55,500 bitcoins for $5.4 billion between Nov. 18 and 24
** Bernstein says the company owns 1.7% of world's bitcoin and the broker expects MSTR to own 4% of world's bitcoin over the next decade
** Bernstein expects capital raising and bitcoin acquisition momentum to continue over the next 18 months for MSTR
** On Wednesday the co's shares fell 1.7% after Citron Research revealed a short position in the company
** MSTR is the 10th most shorted stock by percentage in the Russell 1000 .RUI and has the largest short notional, according to S3 Partners
** MSTR touches $100 billion in market cap on Wednesday, with more than half of the value gained since US election day on Nov. 5
** The co shifted to buying and holding bitcoin in 2020 and is the largest corporate holder of the cryptocurrency
** Up to the previous session's close, shares were up 567.9% YTD
Reporting by Joao Manuel Mauricio
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