Strategy reports 218,824 sats per share on diluted basis
- —Basic BPS is 227,662 sats; diluted BPS is 218,824 sats
- —The gap between the two measures is about 7.4%
- —The calculation uses 846,000 BTC held as of June 30, 2026
- —Diluted count includes converts, options and RSU/PSU settlements
Why it matters: The metric shows how dilution and senior claims erode per-share bitcoin exposure at the largest corporate BTC holder.
Source: TokenPost