Absolutely not, nuances are everywhere and that's fine, as it is fair to have both options. Thing is should not make confusion between the two.

Saying things like "They are increasing the amount of btc per share holder" is sketchy IMO, and all of that is very far from owning BTC in self custody, but does want to sound a lot like it. Maybe I am missing something, but it is in the end all about trusting Saylor to never sell, be a good actor, believing he'll stick with the plan no matter what and so on.