Jim Chanos has closed his Bitcoin hedge amidst the recent volatility of MicroStrategy’s stock price, highlighting broader concerns about leveraged crypto holdings and their impact on market stability. The move follows a significant selloff in the cryptocurrency market and raises questions about the sustainability of MicroStrategy’s debt strategy that leans heavily on Bitcoin exposure. 🎧 📈 MicroStrategy’s founder, Michael Saylor, is actively restructuring his financial strategies to reduce debt while increasing Bitcoin holdings. However, Chanos’ decision to exit his hedge trade highlights a growing skepticism regarding the risky practices associated with leveraged Bitcoin positions.