Jiang Zhuo'er: Micro strategy implies that the company will continue to sell coins and pay interest in the future, but there is no risk of being forced to level off by leverage According to BlockBeats, on June 18th, Jiang Zhuo'er, founder of LeBit Mining Pool (B.TOP), commented on the micro strategy that "its BTC reserves can pay dividends for 32 years". MSTR (Micro Strategy) holds $55 billion in BTC and only needs to pay $1.7 billion in STRC dividends per year. By selling BTC, it can pay dividends for 32 years. It should be noted that STRC is a preferred stock, not a bond, and does not require repayment of principal. So MSTR does not have the risk of being heavily leveraged and will not be unable to pay dividends. But currently, STRC has been severely unanchored and cannot raise funds again. Although MSTR has bought BTC in the past two weeks, it has relied on issuing more common stocks to achieve this, and it is impossible to do so every time. This is telling the market not to be surprised when companies sell BTC to pay dividends in the future. Although the sales volume is relatively small compared to the entire BTC market, it will have a significant impact on market confidence as MSTR has begun to substantially sell coins. Not everyone knows that STRC is a stock rather than a bond, and there is no risk of MSTR being flattened by leverage. Many people are afraid that 'MSTR will explode at the bottom of a bear market'. [Original link]