The ironic thing is that the logical time to buy STRC was back in the summer when the bitcoin-fiat exchange rate was high, and yet they didn't sell much at the time.
Right now is like, the worst time to be buying STRC, when sats are stupidly cheap. And yet here we are: people piling into fiat instruments for 11.5% yield at the bottom of a bear market, or close to it.
He's exploiting a moment of deep value, right in front of their faces, with their own money. Wild.