MicroStrategy's CEO had a total compensation of approximately $15.74 million in fiscal year 2024, and his total compensation exceeded $20 million in 2022. Is it very similar to a certain former real estate tycoon in China? The company follows the industry boom, accelerates efforts, exits early, and still receives salaries and dividends without fail. Mindlessly acquiring land, mindlessly hoarding coins, when prices fall, the party ends and everyone disperses, leaving a mess behind. Very clever—risk is left to others, while they just harvest industry boom dividends, take the profits, and don't care how long the company can survive. MicroStrategy's issuance of perpetual preferred stock replaces the "matured principal repayment risk" with "perpetual dividend obligations," giving itself unlimited time while providing a definite cash flow. It hasn't succeeded yet because it has shifted from a "growth narrative" relying on market premiums to a "income narrative" that must continuously prove its ability to pay fixed dividends. Ultimately, success depends on Bitcoin price increases to cover high financing costs and reignite market confidence in the entire model. $MSTRX