CryptoBullishThe Block · 3h ago6/10
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Benchmark reiterates $570 target on Strategy after STRC selloff, says preferred stock is ‘not a stablecoin’
Benchmark Capital reaffirmed its $570 price target for Strategy (STRC) following a sharp selloff below $83, characterizing the decline as a leverage-driven correction rather than a fundamental depeg. The analyst stressed that STRC's preferred stock structure distinguishes it from algorithmic stablecoins and maintains confidence in long-term upside.
