Strategy’s Chair Michael Saylor dismisses short seller Jim Chanos’ concerns about recent downturn. Saylor defends Bitcoin and digital assets, criticizing skeptics like Chanos. Chanos publicly bet against Strategy due to premium on Bitcoin holdings. Chanos argues company’s value is overinflated compared to NAV. Chanos recommends long Bitcoin, short Strategy strategy. Bitcoin up 38%, Strategy down 32% with NAV multiple at 1.2. Chanos closes bet against Saylor, citing thesis playing out. Premium expected to compress over time as Strategy issues equity.

Read more at Yahoo Finance: Michael Saylor Says Famed Short Seller Doesn’t ‘Appreciate What Bitcoin Is Doing’