Key highlights: Benchmark reiterated its Buy rating on Strategy’s common stock, MSTR, with a $570 price target. Analyst Mark Palmer said the recent STRC selloff reflects a market-driven reset in required yield, not a “depeg.” Palmer rejected comparisons between STRC and TerraUSD, noting that STRC is a perpetual preferred stock rather than a stablecoin. Strategy’s […]
Category: News
Key highlights: Ark Invest purchased 210,121 SpaceX shares worth about $32.5 million SpaceX stock fell 16% on Monday Cathie Wood believes SpaceX could be worth up to $3.1 trillion by 2030. Cathie Wood’s Ark Invest is buying more SpaceX shares even after the stock saw a massive drop in value days after its impressive market […]
Key highlights: Ethlabs launches to advance Ethereum’s long-term development. Bitmine and Sharplink are backing the new research hub formed by ex-Ethereum Foundation researchers. The research hub will prepare Ethereum for a surge in institutional adoption. A coalition of ex-Ethereum Foundation researchers has formed a new research lab to bolster the Ethereum network for institutional adoption. […]