Just some thoughts on the preferred stock pricing. Remember this is the first time this kind of product has existed in the marketplace. The demand is apparent, but the market is still working out what the best quoted price and yield is. Each investor will have a different risk tolerance and mandate. Some want 8%, 9%,10% yield etc. There is no need for the market to be pricing it above the quote, so the market probably has power to start with originally. Maybe they know Saylor wants to buy as much BTC as quickly as possible. But if this performs well, I reckon the offering terms will favour Saylor not the other way around.