Let me share why I was preparing to buy the dip on STRC. On June 27, I mentioned in a tweet that I was interested in purchasing MSTR and STRC. https://((x.com))/PhyrexNi/status/2071283335037702399?s=20 The reason for buying was that I believed MSTR was making the right move given the circumstances at the time. And as it turned out, Michael's decision aligned with my expectations—hunkering down for the winter. Instead of using the funds raised through the common stock ATM to buy bitcoin:native, they decided to hold onto it. https://((x.com))/PhyrexNi/status/2070761043853218036?s=20 The benefit of this approach is that they wouldn’t need to worry about preferred stock dividends for at least a year. The main concern with preferred stock is whether the dividends can be paid. As long as dividends are covered, the chances of the stock recovering are still quite high. At the time, I also calculated that buying around $70 would equate to an annualized return of 17%, which is pretty tempting. But on Monday, I got busy with something and didn’t get home until late at night. By then, STRC had already bounced back to over $80, so I missed the chance to act. However, I did manage to place a dual-currency order for Bitcoin spot at $59,000, and it actually got filled. So, for STRC, the main thing to watch is its ability to pay dividends. The second is whether it has sufficient financing capacity. By Monday, both of these conditions were met, so a rebound was highly likely.