Jim Chanos shorts Strategy, questions Bitcoin premium

Famed short seller Jim Chanos has shorted Strategy (MSTR), arguing its 1.9x premium over Bitcoin holdings is unjustified. He criticized the firm's debt-funded BTC purchases as risky "financial gibberish." Bitcoin advocate Pierre Rochard defended the premium, citing Strategy’s scale, leverage and potential gains from pro-crypto policies. Chanos expects the premium to fade as more firms adopt similar BTC treasury strategies, CoinDesk reported.