The next convertible note for Strategy will be interesting and will be indicative of demand. Buyer exhaustion was clear around $100k even with @saylor smash buying 2B of Bitcoin. The greenshoe option never occurred in the latest CB which allows underwriters to purchase additional CBs (usually up to 15%), which Strategy didn't receive. Tells me not as much risk-appetite as the previous CBs. 500M+ at 0% will be a success in this current environment.