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BlockBeats reported on June 18 that Jiang Zhuoer, founder of B.TOP mining pool, commented on the news that MicroStrategy's BTC reserves can pay 32 years of dividends. He stated that MSTR (MicroStrategy) holds $55 billion worth of BTC and only needs to pay $1.7 billion in STRC dividends annually. By selling BTC, it can cover 32 years of dividends. It should be noted that STRC is a preferred stock, not a bond, so there is no need to repay the principal. Therefore, MSTR does not run the risk of being liquidated due to leverage or being unable to pay dividends. However, STRC has already deviated significantly from its anchor and can no longer be refinanced. Although MSTR has bought BTC in the past two weeks, this was achieved by issuing new common shares, which cannot be done every time. This is telling the market not to be surprised if the company sells BTC to pay dividends in the future. Although the selling volume is not large compared to the entire BTC market, it will still deal a blow to market confidence because MSTR will be substantially selling coins. Not everyone knows that STRC is a stock and not a bond, or that MSTR does not face the risk of forced liquidation due to leverage, so many people may still worry that "MSTR, the big risk, might explode at the bottom of the bear market."

BlockBeats News, June 18th, Jiang Zhuo'er, founder of B.TOP mining pool, commented on MicroStrategy's post about "its BTC reserve being able to pay dividends for 32 years," stating that MicroStrategy (MSTR) holds $55 billion in BTC, only needs to pay $1.7 billion in STRC dividends per year, and can pay dividends for 32 years by selling BTC. It is important to note that STRC is preferred stock, not bonds, so MSTR does not have the risk of being liquidated due to leverage and will not default on dividends. However, STRC has already deviated significantly and cannot be refinanced. Although MSTR has been buying BTC in the past two weeks, it has been done through issuing more common stock, which cannot be sustainable every time. This is to inform the market that in the future, when the company sells BTC to pay dividends, do not be surprised. Although the amount sold is relatively small compared to the entire BTC market, the blow to market confidence will be significant because MicroStrategy has started substantial selling of coins. Not everyone knows that STRC is stock, not bonds, and that MSTR does not have the risk of leverage liquidation. Many will fear that "this MicroStrategy bomb will explode at the bottom of the bear market."

BlockBeats news, on June 18, according to Bitget market data, the "Stretch" variable-rate perpetual preferred share STRC issued by Strategy (MicroStrategy) has severely depegged, setting a new recent low, with a closing price of $88.9. Reportedly, STRC is a preferred share used by Strategy to raise funds in the market to buy Bitcoin. Its nominal value is roughly pegged at $100, and it pays a relatively high dividend. The dividend rate is adjusted according to price movements, with the goal of keeping trading as close to nominal value as possible. The sharp depeg of STRC indicates the market is demanding a higher yield and also shows declining investor confidence in its credit/dividend stability. Strategy has previously relied heavily on issuing STRC to raise funds for buying Bitcoin; if the STRC price falls below nominal value, issuing new STRC becomes uneconomical for the company, equivalent to borrowing at a higher cost. Therefore, its "ability to continue buying coins" will be weakened. In response, Strategy posted data on social media, claiming: "The company's Bitcoin reserves are sufficient to cover 32 years of dividends" in an attempt to stabilize the market.