Michael Saylor finally addresses short-sellers as mNav drops
From thestreet.com
Strategy co-founder and executive chairman Michael Saylor has finally addressed the raging controversy over short-selling of MSTR shares by traders like Jim Chanos. It was on Nov. 8 that the legendary investment manager and short-seller Jim Chanos shared that he was closing his MSTR short trade. Well-known for nailing the collapse and eventual bankruptcy of Enron, he has criticized Strategy's Bitcoin strategy as “ridiculous" and "too leveraged.” In particular, Chanos has singled out the company's multiple-to-net-asset-value (mNAV) — an indicator that measures how Strategy’s stock price compares to the value of its ...
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