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Benzinga
Benzinga
Business
Vishaal Sanjay

James Chanos Shreds Michael Saylor's Strategy Model Of 'Multiple of NAV' Valuation — Famed Short Seller Says 'It Is Absurd'

James Chanos Michael Saylor Strategy Bitcoin MSTR Strategy Inc United States
Stock,Market,Graph,Analysis,Concept.,Broker,Planning,Strategy,For,Investment

Veteran short-seller James Chanos of Kynikos Associates is once again taking a shot at Strategy Inc. (NASDAQ:MSTR), calling its valuation framework not just flawed, but absurd.

What Happened: On Monday, Chanos slammed Strategy’s claim that its valuation should reflect not just the net asset value (NAV) of its Bitcoin holdings, but also a multiple on the unrealized gains, while speaking on Bloomberg’s Odd Lots podcast.

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