According to online reports, according to DLNews, Jim Chanos, a well-known big short seller on Wall Street, is now sounding the alarm about the popularity of corporate Bitcoin treasuries. Chanos likened it to the frenzied wave of SPAC (special purpose acquisition companies) in 2021-when $90 billion was raised in just three months before ending in a tragic meltdown. But this time, the difference is that listed companies purchase bitcoin by issuing convertible bonds and preferred shares, and are not conducting other substantive business. What we are seeing now in the Bitcoin treasury market is exactly the same as the madness of SPAC in 2021, Chanos said on a podcast this week that there are considerable announcements made almost every day-hundreds of millions of dollars a night.