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歪文
三分之二的MSTR融资所得用于回购，这比STRC触及100美元更让我在意。大家容易把后者看成购币利好，我反过来想一下：普通股股东承担的融资压力才是重点。
一是当周没卖STRC，购币仍靠普通股融资；二是回购也在占用这笔钱，融资规模不能直接等同于购币需求。我更关心股东付出的代价，不急着给$BTC贴利好标签。
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