From Yahoo Finance: 2025-06-12 15:00:00

Short-seller Jim Chanos questions Strategy’s valuation premium over bitcoin holdings, calling Chairman Saylor’s tactics “financial gibberish.” Chanos argues Strategy’s market value should not exceed its $62.27 billion in bitcoin holdings. Critics see arbitrage opportunity in the disconnect between bitcoin and firm’s shares. Strategy’s move to build bitcoin reserves has inspired GameStop and Trump Media & Technology. Saylor defends company’s use of bitcoin-backed financial instruments to justify premium and mitigate risks. Strategy’s shares are up 34% this year, surpassing bitcoin’s 14.2% climb. Company issues bitcoin-backed credit instruments to raise capital without dilution or traditional debt.



Read more at Yahoo Finance: Short-seller Chanos questions bitcoin-holding pioneer Strategy’s valuation premium