Wu Shuo learned that the Chief Risk Officer of Strive stated that the core reason for holding MSTR is not only to gain leveraged exposure to BTC but also because, as a publicly listed company included in a market-cap-weighted index fund, its asset and liability values and market capitalization increase, raising its index weight, which may drive passive fund rebalancing purchases, creating a reflexive cycle. He also pointed out that MSTR offers an almost cost-free leveraged BTC exposure, with a deep options market that can be used for hedging and yield strategies; its BTC is not just a static holding but is used as productive capital to generate BTC returns.