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Benchmark reiterates $570 target on Strategy after STRC selloff, says preferred stock is 'not a stablecoin'
Benchmark said STRC's drop below $83 was a leverage flush, not a "depeg," and reiterated its $570 target on Strategy.
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theblock.co
Benchmark reiterates $570 target on Strategy after STRC selloff, says preferred stock is 'not a stablecoin'
Benchmark said STRC's drop below $83 was a leverage flush, not a "depeg," and reiterated its $570 target on Strategy.
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coindesk.com
Strategy’s STRC slump is not a Terra repeat, Benchmark says
Benchmark's Mark Palmer says the comparison misreads what STRC is — a dividend-paying share backed indirectly by bitcoin, not a peg waiting to break.
