Part 4/9:
Addressing Shareholder Concerns
Critics have raised concerns about the potential dilution of share value as MicroStrategy continues to issue more stocks to finance its Bitcoin acquisitions. However, the company argues that if it issues shares at a premium and employs that capital effectively to purchase Bitcoin, it can enhance the value of Bitcoin held per share. CEO Michael Saylor emphasizes what he calls "Bitcoin yield," suggesting that strategic fundraising and subsequent Bitcoin purchases have largely benefited shareholders.