MicroStrategy's Bitcoin Strategy Faces Scrutiny Amid Shareholder Dilution
MicroStrategy's Bitcoin Strategy Faces Scrutiny Amid Shareholder Dilution
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MicroStrategy's recent Bitcoin acquisition strategy has drawn attention, as reports indicate that shareholder dilution related to the strategy exceeded the value of the Bitcoin purchased. The company reportedly diluted shareholders by $69.5 million to acquire $45.6 million worth of BTC, raising questions about the efficiency of their treasury management.
Strategy diluted shareholders by $69.5M but bought $45.6M of BTC. These 183,501 extra shares accreted less than the proceeds to its treasury.