Saylor Defends MicroStrategy Bitcoin Deal, Says $100M Raise Plus 1,550 BTC Accretive to Shareholders

According to Michael Saylor on June 9, MicroStrategy's co-founder dismissed dilution allegations against the company's latest capital raise, saying the transaction benefited shareholders when both assets are considered. Saylor argued that BTC Yield, a metric measuring Bitcoin per share, does not account for cash reserves. The company raised $100 million and acquired 1,550 Bitcoin in the deal, pushing reserves to nearly $1 billion.

MicroStrategy now holds 845,256 Bitcoin, valued at approximately $52 billion. The dispute arose after analyst Matthew Kratter noted the company's share count grew faster than its Bitcoin holdings following the capital raise announced via SEC 8-K filing on June 8.