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Michael Saylor diluted MSTR by $735.2 million after saying he wouldn’t

Since revoking his promise not to dilute MSTR to buy BTC between 1-2.5X mNAV, Michael Saylor has diluted by another $735.2M.

Michael Saylor continues to dilute MSTR after modifying promise

Michael Saylor is taking advantage of revised corporate guidance that would have limited MSTR dilution between 1x and 2.5x mNAV.

According to a few Strategy loyalists, Michael Saylor’s revision of his MSTR dilution promise below 2.5x mNAV means that he lied.

Anti-dilution guidance from MicroStrategy only lasted two weeks. In its place is revised, vague language about ‘advantageous’ conditions.

Tensions are escalating in a spirited debate between MicroStrategy (MSTR) investors and skeptics about whether the stock is a Ponzi scheme.