Chanos warns of AI pullback, ‘absurd’ Bitcoin treasury companies

James Chanos Shreds Michael Saylor's Strategy Model Of 'Multiple of NAV' Valuation — Famed Short Seller Says 'It Is Absurd' - Strategy (NASDAQ:MSTR)

Veteran short-seller James Chanos of Kynikos Associates is once again taking a shot at Strategy Inc. (NASDAQ:MSTR), calling its valuation framework not just flawed, but absurd. What Happened: On Monday, Chanos slammed Strategy’s claim that its valuation should reflect not just the net asset value (NAV) of its Bitcoin holdings, but also a multiple on the unrealized gains, while speaking on Bloomberg’s Odd Lots podcast. What pushed him “into orbit…

Chanos warns of AI pullback, ‘absurd’ Bitcoin treasury companies

With some signs of a slowdown in the labor market and potential disruptions from tariffs, it’s possible that big corporate customers cut back on spending.

Jim Chanos: The Madness of Markets | The Acquirer's Multiple®

During his recent interview with The Odd Lots Podcast, Jim Chanos had some interesting things to say about current market absurdities. On Bitcoin “treasury” companies, he’s said: “It’s rarely that I have to increase my personal security after a podcast… but I had to do after our last podcast together when I said some intemperate things about Bitcoin Treasury companies.” His critique? “You’re on the opposite side of the trade… buying the pieces o…