32-year dividend promise vs 7 months of cash reserves—this calculation has me a bit dizzy

Crypto World News reports that Strategy Inc.'s STRC preferred stock fell below $90 after questions were raised about its high-yield dividend plan, closing at approximately $89.15 on June 17, down about 11% from its $100 target price.
Analysts pointed out that the company claims its Bitcoin reserves can support dividend payments for 32 years, but this statement has raised investor doubts, suggesting its cash reserves are tight.
Recent documents show that Strategy currently has only about seven months of cash to cover dividends, and after repaying $1.5 billion in convertible debt, its cash reserves have significantly decreased.
The decline of STRC reflects investor caution; preferred stock should trade close to $100, but the current discount indicates that an 11.5% dividend may not be enough to attract buyers.