I was confused at first bc it seemed they were producing much more shares than the number of bitcoin they were buying.
What I was missing was that they had a very large base of existing shares compared to their number of bitcoin.
Issuing shares when the price of MSTR is high and BTC is low has the largest accretive effect.
However, it doesn’t seem like saylor (npub15dq…lm5m) is more interested in increasing the total amount of BTC as he never really mentions BTC/ sh.
