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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.

Bitcoin plummets to $67K after Strategy sale

BTC fell 4.4% within 24 hours of Strategy disclosing its voluntary sale of 32 BTC. Two hours later, it fell another 2%.

Strategy’s recent sale of 32 BTC has caused resolution problems for a Polymarket prediction market concerning the sale.

Strategy diluted common stockholders to build a USD reserve for dividend and interest payments, then used the cash for something else.

The CEO of Strategy has made $37 million in total compensation over the past three years while buying less than $20,000 in STRC for his kids.