Crypto
Famous short seller says $80 billion arbitrage opportunity between Strategy and bitcoin
Short seller James Chanos said there is an arbitrage opportunity of up to $80 billion between Strategy and bitcoin, arguing the company’s stock trades at a significant gap to the value of its bitcoin holdings. He said Strategy should not be treated as economically identical to bitcoin because investors also take on exposure to the company’s debt, preferred securities, financing costs, software business and management decisions.
