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Michael Saylor and Jack Mallers go toe-to-toe over Strategy's bitcoin reporting metrics

CoinDesk· James Van Straten· Jun 11, 2026 · 11:52 AM
Michael Saylor and Jack Mallers go toe-to-toe over Strategy's bitcoin reporting metrics

The two bitcoin treasury leaders renewed the debate over Strategy's mNAV and dilution, with Saylor arguing that equity issuance for cash strengthens, rather than dilutes, shareholders.

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