Bro, this article explains things even more clearly. Everyone can use this piece to complement my post from today and look at MicroStrategy's progress, opportunities, and risks from another perspective. This article thoroughly explains the operational mechanism of STRC, the 'refinery' of the capital market, especially the dual-track ATM and the logic of fixed-income funds flowing into BTC. Super valuable stuff. When the chain of BTC → MSTR premium → STRC / ATM financing → buying BTC runs smoothly, it strengthens the upward momentum. STRC is indeed an unbeatable force right now, even reshaping BTC's cyclical structure. But at the same time, it's also pulling BTC into a stronger reflexivity system, which is something I can't ignore.