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Benchmark Calls Comparison of STRC Strategy to UST Terra Incorrect

Benchmark's Mark Palmer stated that comparing STRC to UST Terra is misleading, emphasizing STRC's nature as preferred shares, not a stablecoin.

Mercation Admin

June 23, 2026 1 min read

Benchmark Calls Comparison of STRC Strategy to UST Terra Incorrect

Benchmark analyst Mark Palmer told CoinDesk that comparing STRC to the 2022 UST Terra is misleading. STRC represents preferred shares of Strategy with an 11.5% dividend, not a stablecoin: they were designed to trade around $100, but prices have fallen to $82.53. As long as the shares remain below $100, Strategy will not utilize this funding channel to purchase Bitcoin.

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Benchmark Calls STRC Strategy Comparison to UST Terra Incorrect — Mercation