James Chanos criticized Strategy’s recent 51 million USD Bitcoin purchase, suggesting it indicates weak demand for its stock offerings. He accused CEO Michael Saylor of undermining shareholder protections with policy changes that allow for easier equity dilution.
With 629,376 BTC currently held, valued at around 72 billion USD, Strategy’s Bitcoin investment reflects its position as the largest corporate holder. The current trading price of Bitcoin is approximately 115,192 USD, amidst broader market weaknesses.
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