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Chanos Exits Long-Standing Wager Against Strategy
James Chanos, the veteran short-seller, has exited his long-standing wager against Strategy Inc. as the premium between the company's market value and its Bitcoin holdings narrowed to its tightest in more than a year. He had bet against the stock through a pairs trade shorting Strategy while going long Bitcoin on the view that its crypto holdings didn't justify the inflated share price.
This article has been published in yahoo.com via Yahoo News.
