Strategy’s Stretch doesn’t resemble the stablecoin that brought crypto to its knees in 2022, according to Benchmark-StoneX’s Mark Palmer.

Benchmark said STRC's drop below $83 was a leverage flush, not a "depeg," and reiterated its $570 target on Strategy.

Strategy’s Stretch doesn’t resemble the stablecoin that brought crypto to its knees in 2022, according to Benchmark-StoneX’s Mark Palmer.

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.

STRC fell even lower Wednesday while MSTR bleeds. CryptoQuant says that Strategy needs to stop buying Bitcoin and start stacking cash.