One of Wall Street's most famous short sellers, Jim Chanos, has made a name for himself by finding firms whose market value is way higher than it should be. Now, his eyes are set on MicroStrategy, a Virginia-based software company that has lately changed its name to "Strategy." The company is well known for its corporate Bitcoin vault. But Chanos is clear in his criticism: the company's business model is "financial nonsense," and its shares are worth a lot more than the Bitcoin they represent. Chanos's main point is based on a single number: market net asset value, or mNAV. This represents the value of the ... (full story)