Comparing Bitcoin Giant Strategy to Terra Luna Is a STRC, Benchmark Says

Strategy’s Stretch (STRC) is facing notable pressure, but it doesn’t resemble the stablecoin that brought crypto to its knees in 2022, according to Benchmark-StoneX’s Mark Palmer. Although the Bitcoin-buying firm’s flagship preferred stock evoked painful memories as it drifted to record lows last week, comparisons between it and Terra’s collapsed ecosystem remain “fundamentally misguided,” the investment bank’s analyst shared in a Monday note. Palmer argued that STRC’s weakness has “fueled alar...