However, hasn’t Saylor been continuously diluting the stock to finance more bitcoin buys. How does this balance out for people holding MSTR shares?
Discussion
It’s a negative but as long as the new shares are used to buy more bitcoin, the impact I think should be minimal since the end result is more bitcoin in the treasury.
Owning Bitcoin is better than owning MSTR. Owning MSTR is better than owning S&P500 in my opinion.