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Also the rate is on par with CCC rated bonds, or margin from big brokers like Fidelity... Credit Card rates are 20% minimum without a short duration promotion
If they bump it again to 12%, that makes it 1% per mo, which has significant marketing value
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My credit card rate is 12.9% and it's not promotional.
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Sounds like cope to me.
STRC can stop or reduce payments at anytime. It’s backed by BTC and cash they have on the balance sheet and they can still sell a share of their stock at the latest trading price which is $132.82.
In his digital credit keynote he knows if BTC doesn’t grown STRC is dead but if BTC doesn’t grow even hard core maxis will HFSP because the fixed supply is a key value proposition in this fiat hellscape we find ourselves in.
The market still hasn’t figured out how to price goods and services in bitcoin that would demand people to accept it for key goods and services like food, water, and energy.