🟡 James Chanos: selling shares of Strategy, buying $BTC directly — without wrapper
— Legendary investor James Chanos stated: “Strategy is just a pretty wrapper for a bitcoin wallet”
— He sold shares of MicroStrategy (MSTR) and bought bitcoin directly, accusing the company of:
• Overvaluation — $113.9 billion with BTC at $58.5 billion
• A loss of $4.2 billion for Q1 2025
• Overestimating shares at 2.5 times the actual asset value
🧾 Chanos's quote in the style of “I’m not a fan of Saylor”:
“We are doing the same thing as Strategy, just without fanaticism. We sell their paper for $2.5 and buy $BTC for $1.”
📉 While $BTC has fallen by -1.6%, MSTR is also in the red — -1.15%. But the question is about strategy: fanaticism vs rational calculation?
📊 Historical fact: in 2020 Chanos shorted Tesla, but with bitcoin, it seems he decided to play the long game. He is not the first top investor betting on the asset itself, not on the wrappers.
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