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: STRC
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 […]
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 […]