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![btc_overflow Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1639524229501849600.png) Brian Brookshire (Bitcoin Overflow) [@btc_overflow](/creator/twitter/btc_overflow) on x 15.4K followers
Created: 2025-06-02 03:21:10 UTC

How much more accretive is $STRF than a convertible bond? A rough comparison of dilution.

Assume XX% $MSTR CAGR over XX years. $1M principal.

A X% CB with XX% premium converts to XXXXX shares.

Only XXX shares need to be sold ATM to pay XX% STRF dividends. XX% fewer shares.

![](https://pbs.twimg.com/media/GsaGjjoXgAAB8yg.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1929377725057323444/c:line.svg)

**Related Topics**
[1m](/topic/1m)
[mstr](/topic/mstr)
[atm](/topic/atm)
[stocks](/topic/stocks)
[$1m](/topic/$1m)
[$mstr](/topic/$mstr)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/btc_overflow/status/1929377725057323444)