Jim Chanos Takes Profits, Shorts MicroStrategy While Going Long Bitcoin

Renowned short investor Jim Chanos has made a bold move by selling his holdings in MicroStrategy (MSTR) and buying Bitcoin. This follows a strategic arbitrage strategy, as he believes MSTR’s extreme bullishness is out of alignment with Bitcoin’s performance. Speaking to CNBC, Chanos explained that the company’s $115 billion valuation coupled with its stock price surge of over 3500% in the past five years prompted his decision to short MSTR and invest directly in Bitcoin.