so the idea used to be: short fiat long bitcoin --> borrow convertible debt at lower interest rates than what individual investors can it was understandable for someone who wanted to short the fiat system and didn't mind the volatility however now they have made a sort of Rube Goldberg machine with STRF and STRK preferred shares. the 10 and 8 % dividends of the preferred shares are always paid out by selling shares of MSTR into the market. it should be no problem since the price of the underlying bitcoin collateral should grow much faster than the 10% and 8% fiat dividends. and they are well over-collateralized (5 to 1). the MSTR shareholders are betting that the price of bitcoin will rise much quicker than the 10 and 8% dividends, plus the Bitcoin bought by the STRF and STRK shareholders grows faster than the dividends and increases MSTR shareholders Bitcoin per share.  the worry is that sentiment drives MNAV right now and not any underlying business model.