On Friday, after scooping up Bitcoin at $62,000 with dual-currency options, I immediately listed half of it at $64,000. Not sure if it’ll sell by Monday, but honestly, buying at this price is already pretty good. The recent string of negative news has actually all come from STRC. Although I don’t like STRC, am not a fan of its business model, and don’t hold even a penny of its position, I still have to say that selling bitcoin:native due to concerns over STRC’s decline is logically incorrect. In the past 24 hours, I’ve written a lot about the relationship between MSTR, STRC, and Bitcoin, mainly because I’ve seen too many friends misunderstand the situation. Some think that STRC’s decline will lead to MSTR not having enough funds to pay dividends, forcing them to sell Bitcoin to raise money. The biggest misconception here is about ATM. STRC’s current largest source of interest and MSTR’s primary funding for buying Bitcoin both come from ATM. And these ATMs have already been approved. Just last week, MSTR raised $200 million through ATM. Currently, MSTR’s mNAV is still greater than 1, which shows that there’s no major issue with ATM right now. Naturally, STRC’s interest payments aren’t a concern, not to mention MSTR still has $1.1 billion in cash on hand. Another misunderstanding is that STRC’s price drop will lead to lawsuits against MSTR, forcing them to pay damages. This is also wrong. Back in 2000, MSTR’s settlement was mainly due to financial issues. Now, if someone wants to sue, they’d have to accuse MSTR of fraud, which is an extremely difficult case to make. Lastly, some friends are comparing MSTR and STRC to LUNA and UST. This comparison is even more absurd. It’s not just that they’re unrelated—it’s that they’re completely different systems. From my personal perspective, if the decline is purely driven by emotional panic, then once the panic subsides, a rebound will naturally occur. Market-driven emotional impacts tend to correct themselves. Bitget is here, and it’s VIP all the way! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.