note how this works is $MSTR sold $610m new shares at the market (diluting existing shareholders % ownership), but it uses the p
27 Dec 2023, 14:17
note how this works is $MSTR sold $610m new shares at the market (diluting existing shareholders % ownership), but it uses the proceeds to buy BTC and in fact again BTC/share ratio increased. the net effect is about 1.4% anti-dilutive in #bitcoin/share.