However, hasn’t Saylor been continuously diluting the stock to finance more bitcoin buys. How does this balance out for people holding MSTR shares?

Reply to this note

Please Login to reply.

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.