If it went to zero, would he be able to buy out all the preferred holders for nothing and cancel their coupon?

Liquidation event People over leveraged

Neither ... the cost of capital is just going up! 👀

preferred to sell

Nope, it's just a preferred stock that has more sellers than buyers. If you understood how STRC works you'd know that the $100 target is just for calculating the dividend. It's not a peg. Nothing special happens if it drops to $70 or even $20. The only thing that happens is they slowly increase th...

Ask a Jesuit about it. If they're willing to, they'll tell you outright what they're planning. Strategy is a Jesuit front after all. A Catholic Intelligence Agency front it is primarily.