Key highlights: CryptoQuant says Michael Saylor’s firm should stop its BTC purchases for now. The firm highlighted that Strategy’s annual dividend obligations have increased greatly. This comes as STRC crashed to $82. Strategy and its STRC preferred stock are still trading underwater as CryptoQuant tells Michael Saylor’s firm that it may need to slow down […]
Tag: MSTR
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 […]
Key highlights: Strategy’s preferred stock fell to around $88, nearly 11% below its $100 target price. The company has now paused new STRC issuances, limiting its source of capital used to buy more Bitcoin. Arca’s CIO suggested that Strategy may need to sell $3 billion to $4 billion worth of BTC. Strategy’s STRC stock has […]