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: STRC
By Wayne Jones Combined institutional flows across spot Bitcoin ETFs, stablecoins and the world’s largest corporate holder of BTC, Strategy, have swung to a record $8 billion in net outflows in the last 30 days, according to analysis published by BIT on June 22. The scale of the reversal went beyond the mere slowing down […]
By Jordan Lyanchev After hinting at buying more bitcoin on Sunday, Strategy’s co-founder and former CEO, Michael Saylor, announced on X minutes ago that the firm had acquired another 520 BTC for $35 million. Thus, its total holdings have grown to 847,363 units, currently valued at almost $55 billion. What’s more interesting about this announcement […]