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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
The classic "Compared to what?" rears its head.
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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.
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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
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I misunderstood
Buying bitcoin directly gets you more bitcoin
Except I can't buy bitcoin for my retirement accounts
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Hahaha, everyone misunderstood my point, but it led to a better discussion.
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haha, did I misunderstand? My apologies
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No, it was an open ended comment. I'm glad it went in an unexpected direction.
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