EconomyThe dilution trap where Bitcoin holdings rise while shareholder value stalls
Buying shares in a Bitcoin treasury company means relying on management to decide how to finance purchases, trade the coins and cover obligations. France’s Capital B increased its holdings from 3,145 BTC to 3,521 BTC, or about 12%, between Aug. 17 and Sept. 7, yet Bitcoin per share barely changed when potential future shares were included. The example shows how issuing shares or borrowing can alter investor value.
The dilution trap where Bitcoin holdings rise while shareholder value stalls
Economy