A major investment firm just downgraded Strategy's price target from $500 to $440, maintaining a Buy stance but flagging near-term headwinds. Here's the catch: while the company is aggressively accumulating bitcoin, it's simultaneously diluting shareholders through equity issuance. The net result? Bitcoin yield per share takes a hit in 2026. The analyst's thesis hinges on this dilution outpacing the benefits of larger bitcoin reserves—a classic tension between growth and shareholder returns in the digital asset space.

BTC-0.83%
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ApeWithNoFearvip
· 3h ago
Diluting equity to hoard Bitcoin—it's a classic case of left hand giving to the right hand. By 2026, you'll know who lost.
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MEVHunterWangvip
· 4h ago
Diluting shareholders to accumulate BTC, this move is a bit sneaky.
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AirdropHunterXiaovip
· 4h ago
Dilution is really outrageous; buying and holding coins ends up with shareholders getting cut off.
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BearMarketGardenervip
· 4h ago
It's the same old dilution of shares again. Buying Bitcoin is buying Bitcoin, don't damn mess with retail investors.
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