Michael Saylor · Bitcoin · Strategy · Federal Reserve (FED) · Bitcoinist
Saylor Pushes Back Against Dilution Accusations After New Bitcoin Bet
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Strategy’s cash reserves are close to hitting $1 billion, a detail that has become central to Michael Saylor’s defense of the company’s latest round of share sales and Bitcoin purchases.
Key facts
- The dispute traces back to an 8-K filing Strategy submitted to securities regulators on June 8, disclosing the sale of more than 1.4 million MSTR shares for roughly $181 million
- Last week Strategy added ₿1,550 of BTC and $100 million of USD Reserve
- BTC Yield for the year to date stands at 12.8%, with BTC Gain YTD at 86,328 Bitcoin
- The transaction in question added both 1,550 Bitcoin and $100 million in USD reserves to Strategy’s balance sheet
Summary
Bitcoin analyst Matthew Kratter fired the opening shot on X, arguing that Strategy’s own data showed shareholders were worse off after the company raised fresh capital last weekend. His case rested on BTC Yield, a metric that tracks the change in Bitcoin held per outstanding share. Saylor dismissed the claim directly. The transaction in question added both 1,550 Bitcoin and $100 million in USD reserves to Strategy’s balance sheet. BTC Yield measures the increase in BTC per share, not total shareholder accretion.