A 0% interest 5 year loan is roughly 20% “cost” of capital if one only considers average monthly payment and compares that monthly cost to a perpetual preferred equity like STRC or SATA….the only difference is at the end of 5 years at 20% you’re debt free with a loan and with STRC your still “in debt” and down 5x whatever coupon rate was (like 15% ish today)…the question is at what bitcoin price does this 5% difference overwhelm the excess cost?

Happy remembrance celebration day of violently overthrowing the government by a well organized group of volunteer civilians composed of self-armed male citizens aged 16-50!