Are MSTR and STRC burdensome for Bitcoin? Has the countdown to the thunderstorm started?? I don't hold any STRC, and I have always thought that buying STRC is quite foolish. It's better to buy Bitcoin, because when Bitcoin: native falls, STRC holders will suffer from the damage caused by the decline. However, when Bitcoin rises, STRC holders find it difficult to obtain the linear increase in BTC returns. So no matter how you calculate it, it's a bit unprofitable. But this does not mean that STRC or MSTR is a burden on Bitcoin, which is completely unreasonable. MSTR has been one of the purchasing power of Bitcoin so far, holding 847363 BTC, making it the largest publicly held single position listed company. Since MSTR started buying Bitcoin in 2020, they have sold it twice. The first time was selling 704 BTC for tax issues in 2022, and then 32 BTC in 2026. PS: After selling twice in 2022 and 2026, I quickly bought back more BTC So no matter from what perspective, MSTR is a net buyer of Bitcoin, that is, a holding company. If MSTR is a burden, then who is not a burden? Of course, I know many people would say that the money MSTR spent on buying BTC was "borrowed" or sold stocks, and if it couldn't repay the debt, it would go bankrupt and be forced to sell Bitcoin, leading to a significant drop in the price of Bitcoin. 3. MSTR hardly buys Bitcoin in the secondary market, and naturally does not sell Bitcoin in the secondary market. This is common knowledge. Selling in large quantities in the secondary market is a very foolish behavior, and almost no one would do so. 4. I have said many, many times that STRC's dividends are not mandatory and can be waived (although there may be side effects), and even if payment is made, it is through ATM as the main payment method. Currently, the approved ATM limit is nearly $50 billion. So even if MSTR experiences a thunderstorm, it's not because they can't afford to pay STRC's dividends, but because they can't repay MSTR's debt, which is due in 2028. PS2: The earliest repurchase was in September 2027 for $1.05 billion, but this amount of money is not significant and does not put pressure on MSTR. The biggest risk currently is not that MSTR or STRC will lead to a decline in Bitcoin, but rather that the decline in Bitcoin will amplify the risk of MSTR. The main and secondary cannot be confused. The biggest risk is that MSTR can survive until March 2028.