A few days ago, I personally felt that the performance of Micro Strategy MSTR's financial report was average, but I think their emphasis on STRC is wonderful. The hoarding and buying of BTC in the future will no longer be the focus of micro strategies, but rather on how to sell STRC. For specific interpretations, you can refer to the analysis by @ sun_xinjin from the past two days Among them, 'STRC is already the second largest holding of a Blackstone AUM 14B ETF... Compared to BTC, institutions naturally find it easier to purchase STRC', providing a good tool for creating more buying opportunities for BTC in the future. After all, compared to BTC, STRC, a wealth management product with a volatility of 3+11.5% and a return rate, can be favored by a wider range of people and more funds Nowadays, TradFi applications are also gaining more popularity. Users without stock brokers, especially non Americans, can also participate in STRC on the chain to earn some interest. Saturn recently announced that its seed round of financing will be led by Spartan Group with Anchorage @ Anchorage participating, with a funding amount of 2 million. In addition, the previous round of support from YZi Labs also provides good endorsement from the legal team Related to interests, there are purchases of STRC and deposits of some Saturn. The core risks of this project have been mentioned before, please refer to my previous understanding. However, based on MSTR's existing cash reserves, the risk in the next 1-2 years is relatively small. As long as BTC does not experience extreme drops (and is in a long-term low-level oscillation), the safety factor can be controlled