Michael Saylor Disputes Matthew Kratter Over MSTR's 1,550 BTC Purchase Causing Shareholder Dilution

According to CoinDesk, Michael Saylor engaged in a public dispute with Bitcoin advocate Matthew Kratter on June 9 over whether Strategy's (MSTR) latest Bitcoin acquisition dilutes shareholder value. The company added 1,550 BTC in the latest move, with its Bitcoin yield declining from 13.0% on June 1 to 12.8% on June 8, while shares outstanding increased from 382.756 million to 384.180 million.

Kratter argued the financing dilutes "Bitcoin per share," but Saylor countered that yield is a narrow metric and fails to reflect overall shareholder gains. He emphasized the transaction also added approximately $100 million in cash reserves, bringing total dollar reserves to about $1 billion, thereby creating value on a comprehensive balance sheet basis.