Veteran short-seller James Chanos closed his hedged position shorting MicroStrategy (MSTR) shares while holding long Bitcoin positions on November 7, 2025. The decision followed a sharp decline in MicroStrategy’s premium to its Bitcoin holdings. It fell from 2.5x times to 1.17x, ending a high-profile market trade. x.com/RealJimChanos/status/1987153597079949732 MicroStrategy owns 641,205 Bitcoin with a market value
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