🔥WHY STRC DIVIDENDS ARE A NON-ISSUE FOR STRATEGY🔥 Saylor has routinely said he expects a 30% Bitcoin CAGR over the next 20 years. That is CRAZY growth, that we are all very excited for :) Bitcoin's CAGR and the dividend % is the spread that Strategy is capturing. What if the CAGR is only 15%, rather than 30%? Is that 4% spread really worthwhile? Yes. And it will blow your mind how much it is. Setup Assume Strategy issues $100 of STRC, paying an 11% cash dividend each year. The $100 is swapped for Bitcoin that compounds at a 15 % CAGR. No tax, no trading friction, no additional leverage. Pure spread math. Year 1: BTC $115 | Divs $11 | Surplus $104 | Cover 10.4× Year 2: BTC $132 | Divs $22 | Surplus $110 | Cover 6.0× Year 3: BTC $152 | Divs $33 | Surplus $119 | Cover 4.6× Year 4: BTC $175 | Divs $44 | Surplus $131 | Cover 4.0× Year 5: BTC $201 | Divs $55 | Surplus $146 | Cover 3.7× Year 6: BTC $231 | Divs $66 | Surplus $165 | Cover 3.5× Year 7: BTC $266 | Divs $77 | Surplus $189 | Cover 3.5× Year 8: BTC $306 | Divs $88 | Surplus $218 | Cover 3.5×...