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Jim Chanos is calling for another MSTR short

Jim Chanos has called the ballooning share count at Strategy a “pure arbitrage” opportunity to bet against MSTR while staying long BTC.

Jim Chanos was right about Strategy — just not patient enough

Jim Chanos earned an outsized return on his hedged short-sale of Michael Saylor’s MSTR, but he should have kept holding on.

Jim Chanos doubled his money shorting MSTR from its exuberant peak in November 2024. He also profited from BTC’s rally.

Jim Chanos’ hedged MSTR short-sale is probably up 15-35% depending on the assumptions you make about his cost basis and fees.