Recently, the micro strategy was beaten up by the market, which made the boss Saylor's face look haggard. 
 The STRC face value dropped from 100 to over 71. Fortunately, the board of directors of Micro Strategy reacted quickly and subsequently introduced a series of actions. In May, we first used cash to repurchase and destroy 1.5 billion yuan worth of convertible bonds in advance, directly reducing the debt burden by one piece. At the end of June, another announcement was made to increase STRC's dividend to an annualized 12%, and an additional $3 billion in reserves was locked up specifically for dividend payments. Based on the current situation, it should be enough to pay for more than two years. Recently, Saylor also tweeted that their next goal is to bring STRC back to 99-100. Actually, experienced people can see that the previous stampede was more emotional. If we look at things from a case by case perspective, Micro Strategy has 840000 BTC in its hands, a market value of over 50 billion yuan, and convertible bonds of only 6.7 billion yuan. The latest repayment deadline is until 2028. If one is truly insolvent, BTC will have to fall below 17000, and the likelihood is not very high at present. So after a round of emotional stampede, the market slowly reacted, and STRC pulled back from 71 to 87. Although it is still a bit far from 100, buying all interest at the current price still has an annualized value of around 13:00. I bought it at a premium at that time, and after the panic, I also realized a little bit. I bought at a low price to replenish my position. Now, the logic has reversed and the price has only been repaired halfway. It's more comfortable to go in at this time than to wait for it to return to 100, and the strategy of betting on WeChat has brought back the expectation of 100 and high interest returns. I bought rSTRC directly on bitget @ bitget, which is the on chain version of STRC. The price is the same as the regular stock, and the dividends are automatically credited every two weeks without any handling fees or withholding taxes. Those who are bolder can do a loop in UTA, use rSTRC or stablecoins as collateral, borrow USDT, borrow it to continue buying rSTRC, and then use it to earn interest. The borrowing cost is around 3%, the dividend is 13%, and the net annualized dividend end is around 35% at three times, with the price difference calculated separately. Exiting can wait until the price recovers to above 90, gradually reducing the position and repaying the loan, leaving only profits. However, everyone should control this risk on their own, as the cyclical risk also increases accordingly. They need to control their positions well. Just a reminder that the liquidation price for 3x is approximately 50-55. Don't go up to 5x and leave 20-30% as a backup margin. RSTRC redemption has a time window, so don't put flexible funds in it. As for Saylor's face hahaha, it looks like it's turned into a Beijing opera. Maybe when STRC rises back to 100, he should be full of energy again.