Mark Palmer, an analyst at Benchmark, has criticized the comparison of STRC to the 2022 UST Terra, labeling it as misleading. According to Palmer, STRC represents preferred shares of Strategy, which offer an 11.5% dividend, distinguishing them from stablecoins. Originally intended to maintain a trading price around $100, STRC shares have recently declined to $82.53. Palmer emphasized that until the shares recover to the $100 mark, Strategy will refrain from using this funding avenue to acquire Bitcoin.
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Benchmark Calls Comparison of STRC Strategy to UST Terra Incorrect
Benchmark's Mark Palmer argues that equating STRC shares with UST Terra is misleading, highlighting key differences in structure and purpose.
Mercation Admin
June 23, 2026 1 min read
