Strategy's New Math: Dilution Equals Accretion?

Strategy's New Math: Dilution Equals Accretion? Submitted by QTR's Fringe Finance Strategy’s Bitcoin is worth roughly $12 billion less than the company paid for it, yet Michael Saylor’s message last week was simple: “Business is Good.” But today’s article isn’t really about unrealized losses. It’s about whether Strategy is changing the way it measures shareholder accretion and company performance on the fly — also known as “moving the goalposts”. As a short seller, I’ve watched i...