At Strive, our long term objective is exclusively tied to stock returns. With $2.10B in preferred notional and $3.32B of Bitcoin, we have a leading amplification ratio of 63.4%. This is while Bitcoin is trading at approximately a 14.9% premium to its 200-week moving average. Over the last 10 years, Bitcoin has spent 2,986 of 3,652 days, 81.8% of the time, trading at a higher premium to its 200-week moving average than it is today. We have deliberately constructed our balance sheet to capitalize on the distribution of Bitcoin outcomes we believe is most likely over the long term, with substantial amplification positioned to translate Bitcoin appreciation into common stock returns.