Jim Chanos Slams Michael Saylor's Bitcoin Valuation Model as “Financial Gibberish”

  • Renowned short seller Jim Chanos has publicly criticized Michael Saylor, founder of Strategy (MSTR), for what he called complete financial gibberish in valuing the company. Chanos took issue with Saylors approach of assigning a valuation multiple not only to Strategys net asset value (NAV) in Bitcoin but also to the change in that NAV over timea method Chanos calls absurd.