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Renowned short seller Jim Chanos, who was once a public critic of Bitcoin and cryptocurrencies, has now revealed a new trading strategy of shorting MicroStrategy stock and buying Bitcoin. Speaking at the Sohn Investment Conference in New York, Chanos said he is "selling MicroStrategy stock and buying Bitcoin." The investor described this move as buying something for $1 while selling another for $2.50, referring to the significant price discrepancies he has observed. Chanos pointed out that MicroStrategy is promoting the idea of buying Bitcoin through its corporate structure, and other companies are following suit in hopes of gaining a similar market premium. Chanos called this phenomenon "extremely absurd." He described his trading strategy as not only an important indicator of arbitrage itself, but also as a barometer of speculative behavior by retail investors.