Jim Chanos Bets Big on Bitcoin Through Shorting Strategy Stock

Investor Jim Chanos is employing a novel trading strategy that involves simultaneously shorting shares of MicroStrategy while buying Bitcoin directly. Speaking at the Sohn Investment Conference in New York on May 14, Chanos described this approach as both an arbitrage opportunity and a gauge of retail sentiment in cryptocurrency markets. He believes the price gap between Strategy stock and its Bitcoin holdings presents an arbitrage opportunity.