TechFlow news, on June 22, Cliff Asness, founder of AQR Capital Management, said on social platform X that he agrees with well-known short-seller Jim Chanos' criticism of Strategy founder Michael Saylor. The controversy centers on Saylor's claim that the company's use of convertible bonds to finance bitcoin purchases provides downside protection, stating that "this debt will not be forced to repay" and can be settled with stock if bitcoin prices fall. Both Asness and Chanos dispute this assertion, questioning Strategy's ability to repay approximately $10 billion raised through convertible bonds.
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