If MSTR issues $100M of STRC at 11.5% and buys BTC with the proceeds, and Bitcoin grows at 21% per year - In 3 years, Bitcoin would be back at its all-time high - MSTR would have paid $38.6M in interest - MSTR's Bitcoin would be up 80M That's $41.6M of growth MSTR shareholders benefit from as a result of information asymmetry