The money went toward increasing US-dollar reserves, paying preferred-stock dividends, and buying back STRC preferred shares that were trading under their par value. To pay for token acquisitions, the company's approach depends on issuing equity or preferred securities at appealing costs. But accumulation has stopped because STRC shares trade below par, MSTR equity premiums are narrower, market volatility is higher, and corporate debt and dividend obligations require that cash reserves be maintained. Returning to its $100 par value, STRC remains the essential impetus for reestablishing equity issue channels. Though Le's perspective validates Strategy's primary accumulation theory, it does not show any immediate motivation for spot Bitcoin demand.