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The classic "Compared to what?" rears its head.
BTC Yield:
MicroStrategy’s key metric is BTC Yield, which measures the rate of increase in Bitcoin per share. This is the main indicator of the company’s success in acquiring more Bitcoin in a way that benefits shareholders without diluting their holdings. Their focus is on acquiring Bitcoin in a creative manner that increases the amount of Bitcoin per share, ensuring long-term value creation for shareholders.
Interesting. That does make sense to me. But I think undisciplined's point was whether buying a MSTR share gets you more bitcoin vs just buying bitcoin directly
I misunderstood
Buying bitcoin directly gets you more bitcoin
Except I can't buy bitcoin for my retirement accounts
Hahaha, everyone misunderstood my point, but it led to a better discussion.
haha, did I misunderstand? My apologies
No, it was an open ended comment. I'm glad it went in an unexpected direction.
from 2012
the strategy is non-dilutive because btc per share goes up
Increasing the number of shares is dilutive but the strategy is accretive because btc per share rises