【Famous Short Seller Warns: Strategy Invests $51 Million in Bitcoin, May Indicate Weak Demand for Its Preferred Stock】According to Golden Finance, the famous short seller James Chanos, known for successfully shorting Enron before its collapse in 2007, is criticizing Strategy Company. He believes that the company's recent purchase of $51 million in Bitcoin and the loosening of a key safeguard aimed at preventing shareholder dilution indicate weak demand for its preferred stock. In a tweet on Monday, Chanos stated that Strategy's latest Bitcoin purchase suggests weak demand for its issued preferred stock and accused its chairman, Michael Saylor, of reducing key protections for shareholders. In its Q2 2025 financial report, Strategy stated that it would only issue stock to pay interest on debt or dividends on preferred shares when its mNAV (Market Cap to Net Asset Value Ratio) is below 2.5 times, and not to purchase more Bitcoin.
