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It's more BTC sure but they are effectively buying it at above market rate. If you back out the debt the MNav is slightly below 1.

Let's not even consider the unfunded liabilities and certain future dilution. Until there is a bull market MSTR common shareholders are going to be overpaying for Bitcoin. Hopefully in the bull the stock rallies and MNav widens again and it all works out well.

Stacker_Stocks

Strategy Increases its USD Reserve to $1.4 billion and BTC Reserve to ₿847,363

Coinsreporter

It's more BTC sure but they are effectively buying it at above market rate. If you back out the debt the MNav is slightly below 1.

By my calculation MNav is 0.98

Let's not even consider the unfunded liabilities and certain future dilution. Until there is a bull market MSTR common shareholders are going to be overpaying for Bitcoin. Hopefully in the bull the stock rallies and MNav widens again and it all works out well.