Jim Chanos missed out on extra 85% annualized from MSTR short
Jim Chanos profited by shorting the premium of MSTR to its BTC, but he missed out on the final, exceptionally profitable leg of that trade.
Jim Chanos profited by shorting the premium of MSTR to its BTC, but he missed out on the final, exceptionally profitable leg of that trade.
The central bank of Norway has paid the price for investing in Michael Saylor’s BTC treasury company, Strategy.
Strategy investors invented the term “mNAV” to boast about overpaying for MSTR stock. That came back to haunt them.
Strategy founder Michael Saylor has made many dubious claims, but this week’s likening of MSTR to “digital treasuries” might take the cake.
Due to Return Of Capital (ROC) status, there is a looming tax bill for long-term holders of Strategy preferred shares.