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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Benchmark said STRC's drop below $83 was a leverage flush, not a "depeg," and reiterated its $570 target on Strategy.
Why this matters
This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
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