Where do the dividends from STRC and SATA come from? Firstly, the dividend money is not earned from Bitcoin, as BTC itself does not generate interest, which is a significant advance. The dividends of STRC and SATA mainly come from three aspects: Firstly, the company's cash reserves. Both Strategy and Strike will retain a portion of US dollar cash to pay preferred stock dividends. For example, Strategy's STRC is essentially using the company's cash reserves and financing capabilities to support dividends. STRC is not a bank deposit, and dividends are not guaranteed or secured by the company's BTC. Secondly, the money raised through financing. The company issues common and preferred stocks, and after receiving the money, a portion is bought in BTC and the remaining is kept as dividend reserves. That is to say, this is not operating profit dividends, but BTC Treasury Company raising funds through the capital market, splitting the funds into two parts, one to expand BTC reserves and the other to maintain preferred stock dividends. Thirdly, sell assets when necessary. If there is not enough cash, theoretically, BTC, STRC, or other assets can be sold to pay dividends. This is also the focus of Saylor's recent explanation. Even if Strategy sells a portion of BTC in the short term to pay dividends in the future, as long as it purchases more BTC through financing than it sells, it is essentially still a net buyer of BTC, not a net seller. So the dividends of STRC and SATA are essentially not Bitcoin interest earning, but the capital market packaging the credit of BTC treasury companies as interest earning products. The higher the income, the higher the credit compensation required by the market.