Actually, from my personal perspective, both STRC and SATA have their own paradoxes. Because all dividends have nothing to do with Bitcoin itself, almost all of them come from financing, and when financing is unfavorable, BTC must be sold. That is to say, the source of dividends is not related to BTC, and the profits are not generated by BTC, but the risk comes from BTC. So the essence of both STRC and SATA is to be bullish on Bitcoin. Since they are bullish on Bitcoin, why not buy BTC instead of buying an interest bearing product that has nothing to do with BTC. More importantly, both of these interest bearing products can only achieve a positive flywheel when the price of Bitcoin rises, and the horizontal effect will be weaker. If Bitcoin falls, financing will be difficult and dividends may be delayed. But if BTC rises, buying STRC and SATA will result in an annualized return of 1X%, while if BTC is bought, the return will be even higher. This is the biggest problem with STRC and SATA, as they are not as good as BTC when they rise and cannot escape the credit risk of BTC when they fall. Both of these stocks sacrificed BTC's upward elasticity in exchange for fixed cash flow, but this fixed cash flow must rely on BTC's rise and continuous financing in the capital market to maintain. This is the biggest paradox.