CryptoNeutralCoinDesk · 3h ago6/10
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Michael Saylor and Jack Mallers go toe-to-toe over Strategy's bitcoin reporting metrics
Michael Saylor and Jack Mallers have renewed their debate over bitcoin treasury strategy metrics, specifically disagreeing on how equity issuance affects shareholder value. Saylor contends that issuing equity to acquire bitcoin strengthens rather than dilutes shareholders, challenging the mNAV (modified Net Asset Value) reporting framework used to evaluate such strategies.
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