Chanos Hits Back at Strategy’s Saylor, Calling Him a ‘Salesman’

Famed short-seller Jim Chanos denounced Strategy’s Michael Saylor for using a misleading model to value his crypto-treasury firm and reemphasized his recommendation to short its shares and buy Bitcoin instead.

“Michael Saylor is a wonderful salesman,” Chanos said during a Bloomberg TV interview on Wednesday. While the executive chairman of Strategy argued his business should not be valued just on the basis of its Bitcoin holdings, Chanos called that “financial gibberish.”

“This is akin to saying my house that rose in value from $450,000 to $500,000 last year is not worth $500,000. It’s worth $1.5 million because it is worth ...