According to online reports, Cliff Asness, founder of AQR Capital Management, said on social platform X that he agreed with famous short seller Jim Chanos's criticism of Strategy founder Michael Saylor. The focus of controversy is Saylor's claim that the company's purchase of Bitcoin through convertible bonds has downside protection, saying that "such debt will not be forced to repay" and can be paid off with stocks when the price of Bitcoin falls. Asness and Chanos both believe that statement is false and question Strategy's ability to repay the approximately $10 billion raised through convertible bonds.