Since being a Strategy shareholder since Q4 2020 (thanks to the FCA). One of the many reasons Strategy did so well was the simplistic nature of the model. Overtime the model has become more complicated which no doubt has confused investors through the use of ATM, convertible notes and perpetual preferred equity with and without equity conversion. I understand all the reasons he has done this in order to accumulate as much bitcoin as possible. Keeping on top of this will become more difficult for investors to navigate. The caveat is Saylor is trying to tap into as many pools of capital as possible.