STRC Slides Below Target Price but Analyst Rejects UST Claims

TLDR Strategy’s preferred stock STRC fell to a record low of $82.53 before recovering to around $88.65. Social media users compared STRC’s decline to Terra’s UST stablecoin collapse. Benchmark analyst Mark Palmer said STRC is a preferred stock, not a stablecoin. Palmer argued STRC cannot “depeg” because it was never designed with a fixed peg. [...]

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