Short Seller Jim Chanos Calls Mstr's Premium 'Financial Gibberish'

Jim Chanos: How Bitcoin Treasury Companies Could Repeat the SPAC Crash | The Acquirer's Multiple®

In a revealing debate about Bitcoin treasury companies, legendary short-seller Jim Chanos laid out his bearish thesis on MicroStrategy (MSTR), arguing its premium to Bitcoin’s performance is unsustainable. Chanos, who famously shorted Enron, sees parallels in market euphoria—but with a twist. “We are seeing SPAC-like 2021 numbers in the Bitcoin treasury market right now,” he warned, referencing the flood of companies adopting Bitcoin-heavy balan…