AQR founder Cliff Asness questions MicroStrategy's claim that convertible bonds protect Bitcoin investments
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币界网报道：On June 22, Cliff Asness, founder of AQR Capital Management, said on the social platform X that he agreed with the criticism of MicroStrategy founder Michael Saylor by Jim Chanos, a well-known short seller. The focus of the dispute is Saylor's claim that the company's purchase of Bitcoin through convertible bonds has downside protection, saying that "such debts will not be forced to be repaid" and can be repaid with stocks when the price of Bitcoin falls. Both Asness and Chanos believe that this statement is wrong and question whether MicroStrategy has the ability to repay the approximately $10 billion raised through convertible bonds.
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