According to Deep Tide TechFlow, on June 22, AQR Capital Management founder Cliff Asness stated on social platform X that he agrees with renowned short-seller Jim Chanos's criticism of Strategy founder Michael Saylor. The controversy centers on Saylor's claim that the company has downside protection by financing the purchase of Bitcoin through convertible bonds, stating that this type of debt would not be forcibly repaid and could be settled with stock when the Bitcoin price falls. Both Asness and Chanos believe this claim is incorrect and question whether Strategy has the ability to repay the approximately $10 billion raised through convertible bonds.

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