94% of Strategy’s bitcoin buys since August were from diluting MSTR

Since Strategy removed a ban on ATM share sales between 1-2.5x mNAV six weeks ago, MSTR dilution has paid for 94% of its BTC purchases.

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This episode is 6 minutes long.

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This episode was published on October 1, 2025.

What is this episode about?

Since Strategy removed a ban on ATM share sales between 1-2.5x mNAV six weeks ago, MSTR dilution has paid for 94% of its BTC purchases.

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