Michael Saylor Blasts Jim Chanos for Call to Short Strategy (1)

Strategy’s Michael Saylor dismissed short-seller Jim Chanos’s recommendation to short the shares of the Bitcoin treasury company and buy the cryptocurrency because of the large premium the company’s common stock commands over the value of its token holdings.

“I don’t think he understands what our business model is,” Saylor, the executive chairman of Strategy, said during a Bloomberg TV interview on Tuesday. “We’re actually the largest issuer of Bitcoin-backed credit instruments in the world.”

Read more: Jim Chanos Sees Big Short in Saylor’s Strategy, Others See Risks

Chanos recently noted that the current premium — a gap that ...