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 […]
Tag: MSTR
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 […]
Key highlights: STRC reached its all-time low of $85 after a week-long decline. Critics say falling prices are proof that the “Ponzi scheme” is tearing at the seams. Others argue that a declining STRC presents a buying opportunity for long-term investors. After Strategy’s preferred stock STRC tumbled to its lowest level since listing, analysts are […]