Are MSTR and STRC burdens of Bitcoin? Is the countdown to collapse starting??

😂 I do not 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, holders of STRC will suffer from the decline, but when Bitcoin rises, holders of STRC find it hard to gain the linear benefits of BTC increases.

So, it seems unwise regardless of how you look at it.

However, this does not mean that $STRC or $MSTR is a burden on Bitcoin; this is completely unreasonable.

1. MSTR is still one of the purchasing powers of Bitcoin; it currently holds 847,363 BTC, making it the largest publicly traded single position in a company.

2. Since MSTR started buying Bitcoin in 2020, it has sold it twice, the first time in 2022 selling 704 BTC for tax issues, and then in 2026 selling 32 BTC.

PS: After selling in 2022 and 2026, it quickly bought back more BTC.

So, no matter how you look at it, MSTR is a net buyer of Bitcoin, that is, a holding company; if MSTR is a burden, then who isn’t a burden?

Of course, I know many friends will say that the money MSTR uses to buy BTC is "borrowed" or comes from selling stocks, and that if it cannot pay back when the time comes, it will go bankrupt, and then it will have to sell Bitcoin, leading to a sharp decline in Bitcoin's price.

3. MSTR almost does not buy Bitcoin on the secondary market, so it naturally will not sell Bitcoin on the secondary market; this is common sense. Selling a large amount on the secondary market is very foolish behavior, and almost no one would do that.

4. I have said many times, the dividends of STRC are not mandatory and can be unpaid (although there will be side effects), and even if paid, it is primarily through ATMs as the main payment method, and there are nearly $50 billion in approved ATM limits.

So even if MSTR collapses, it will not be because it cannot afford to pay the dividends of STRC, but rather because it cannot repay MSTR's debts, which are due in 2028.

PS2: The earliest buyback was $1.05 billion in September 2027, but this amount is not much, and it does not put pressure on MSTR.

The biggest risk is not that MSTR or STRC will drag down Bitcoin, but that the decline of Bitcoin will amplify the risks for MSTR.

The priorities cannot be mixed up; the greatest risk starts in March 2028, and before that, MSTR can still hang on.

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