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Depending on a bunch of factors, such as strategy's leverage ratio and strc dividend rate, they wouldn't even need to get out early, in fact they would never need to get out at all. At 11% its taking less than a decade to get all your (fiat) money back. Last time I checked strategy had somthing like 40-50 years of dividend payments worth of bitcoin(probably getting lower given the amount of strc they are issuing), assuming bitcoin traded sideways for 40-50 years. While that would annihilate MSTR common, a strc holder theoreticaly doesnt care about the common(unless they are also holding that). From a fiat persons perspective that may not be a bad deal. From Saylor's perspective he's getting uncolatoralized leverage at normal margin prices. Obviously I dont touch strc with a 9 ft pole, because like saylor, i'd rather hold the bitcoin.

Yeah i was just listening to James Lavish on a pod and he coined this phrase that sounds pretty catchy and i'm not sure this is right but he said 'Bitcoin only has to go up 11.5% year on year to be able to pay its divvy', assuming that has links to Bitcoin's CAGR and the NAV, but thats a handy way to think of it

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