Woofun AI reports that MicroStrategy possesses a Bitcoin reserve valued at $55 billion, sufficient to fund its $1.7 billion annual STRC dividend obligations for the next 32 years through asset sales. Jiang Zhuo'er, founder of B.TOP mining pool, emphasized that STRC represents preferred stock rather than debt instruments, thereby eliminating the risk of leverage-induced liquidation or default associated with bond obligations.

Despite this structural safety, STRC pricing has deviated significantly from par value, rendering refinancing unfeasible. While MicroStrategy recently augmented its BTC holdings via common stock issuance, this capital-raising method lacks long-term sustainability. Market participants are advised that future BTC sales for dividend payments, while quantitatively minor relative to total supply, may trigger disproportionate confidence shocks due to misconceptions regarding MicroStrategy's solvency and liquidation risks.