You can check them out at archlending.com.

So I guess the thing that people don't see is, you know, there's been a hell of a lot of highs and lows when we've been doing this.

You know, it's a bit harder than it looks at times.

And, you know, I remember when we were trying to do the IPO, you know, I was on a... family holiday in New York, you know, a couple of weeks before we did it.

And I was, you know, my wife was furious because I was walking around New York constantly on the phone, just trying to get the deal over the line, you know.

You know, so that was a bit tough at the time.

But, you know, because we believe in the model, we believe that a Bitcoin treasury company is a better way of holding Bitcoin as much as other people don't believe that.

What's been your take on like how that industry, I guess, has evolved? And I guess from the outside looking at strategy, what's been interesting about the evolution of those products? What do you think are like the biggest unlocks that Strategy and Strive have unlocked? And what can you learn from that as like, if you guys were to issue something like that, or if another company in another jurisdiction were to issue a product like that, What lessons can you take away? What were the real highs of those preferred equities? What were maybe the more painful moments that you can learn from somebody looking from the outside?

So that's what they do.

Yeah, I completely agree with what Jesse explained there.

You know, it ultimately comes down to the availability of capital.

So, you know, when you're a public company and you, let's just use a simple equity example here, and you sell equity, you know, you generate cash and you buy Bitcoin with that.

So it's the link between the availability of capital and the The sort of the funny thing with all of this is that at the times that you probably should be buying more Bitcoin, dependent on how your company is structured.

We can talk about some of that a bit further in a moment.

You know, you've got less capital available to you.

But it seems like people are losing their minds over 50% Bitcoin drawdown and any sort of attempt, especially successful attempts, successful efforts to build on Bitcoin.