Veteran short seller Jim Chanos slammed Strategy Inc. (NASDAQ:MSTR) for touting the stability of its perpetual preferred shares on Wednesday, even as its main stock continues to get hammered. Chanos Takes Fresh Dig At Strategy Chanos reacted to a Bloomberg interview where Strategy CEO Phong Le described the firm's Perpetual Stretch Preferred Stock (NASDAQ:STRC ) closing at $100 as the “story of the day” and “exactly how it was engineered to perform.
Jim Chanos Slams Bitcoin Play Strategy For Bragging About Stability Of Preferred Shares: 'Can You Imagine Any Other CEO With A Plunging Stock
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Jim Chanos slammed Strategy Inc. (NASDAQ:MSTR) on Wednesday for touting the stability of its Perpetual Stretch Preferred Stock (NASDAQ:STRC), after CEO Phong Le told Bloomberg STRC closed at $100 and called that 'the story of the day' and 'exactly how it was engineered to perform.'
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