Michael Saylor Hints At Selling Bitcoin To Fund MSTR Dividends In 'Worst-Case Scenario,' Short-Seller Jim Chanos Calls It 'Financial Gibberish'

Core Viewpoint - Jim Chanos criticizes Michael Saylor's financial strategy regarding Bitcoin, labeling it as "financial gibberish" and questioning the sustainability of selling Bitcoin or options to fund dividends for MicroStrategy [1][5]. Group 1: Financial Strategy - Michael Saylor suggested a "worst-case scenario" plan at the Bitcoin Treasury Unconference, indicating that MicroStrategy could sell calls or warrants on its Bitcoin holdings or liquidate some Bitcoin to cover dividend obligations [2][3]. - MicroStrategy has built a substantial corporate treasury of over 600,000 BTC, primarily financed through debt and equity offerings [7]. Group 2: Market Reaction - Following Saylor's remarks, MicroStrategy's stock experienced a nearly 6% increase, reflecting a complex but positive market reception [4].