Analysis: MicroStrategy shareholders are unique because their BTC strategy appears willing to be diluted
James Van Straten, an analyst, said: "MicroStrategy shareholders are a unique group, and normally dilution would be considered a bad thing, but as MicroStrategy shareholders seem to be very happy with dilution because these shareholders know that MicroStrategy is buying bitcoin, and this strategy is equivalent to increasing its value per share, which means that shareholder value also increases."