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Tasmiya

06/23 13:29

Strategy's STRC slump prompts Terra comparisons th

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Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst Strategy's preferred stock STRC slid to record lows over the past week, and the fall has revived a comparison to Terra's UST, the stablecoin whose collapse erased about $40 billion in 2022.While the parallel is spreading on social media, it also misreads what STRC actually is, per Benchmark Research.Two features invite the comparison. STRC is designed to trade around $100, and it fell to an intraday low near $82.53 last week before closing around $88.65 on Monday, roughly 11% below that level.
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