Microstrategy BTC Yield Falls to 12.8% After Adding 1,550 Bitcoin, Sparks Shareholder Value Debate

According to Odaily, Microstrategy's Bitcoin yield dropped to 12.8% on June 8 from 13.0% on June 1 following the purchase of 1,550 additional BTC, intensifying a market debate over shareholder dilution. The company's total Bitcoin holdings increased to 845,256 BTC from 843,706 BTC, while diluted share count rose to 384.18 million shares from 382.756 million shares, with Bitcoin gains year-to-date declining to 86,328 BTC from 87,754 BTC.

Michael Saylor defended the acquisition, stating that BTC Yield is only a single metric and does not reflect total shareholder value. He noted the transaction also added approximately $100 million in cash reserves, bringing total dollar reserves to around $1 billion, thereby strengthening the company's balance sheet.