Bitcoin becomes a problem: $10.3B dilution risk stares MicroStrategy in the face

Strategy’s latest Bitcoin purchase lifted its stock, but shareholder dilution reignited old debates. 196 BTC at $113,048 per coin, pushing treasury to 640,031 BTC worth $70 billion. MSTR rose 5.62% as BTC gained 2%, but dilution concerns pressured the shareholder value outlook. MicroStrategy, now Strategy Inc. (MSTR), rose by 5.62% in the last 24 hours after announcing it had acquired more Bitcoin [BTC].