$MSTR was faced with a choice: (1) acquire zero bitcoins, or (2) dilute shares at 1.15x mNAV and acquire 10,645 bitcoins for a +0.2% BTC yield. IMO, management was right to choose option (2), as it best benefits common shareholders by adding the optionality of 10,645 BTC along
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$MSTR was faced with a choice: (1) acquire zero bitcoins, or (2) dilute shares at 1.15x mNAV and acquire 10,645 bitcoins for a +0.2% BTC yield. IMO, management was right to choose option (2), as it best benefits common shareholders by adding the optionality of 10,645 BTC along