Ripple CEO Garlinghouse Criticizes Saylor's Bitcoin Strategy, Says STRC Down 25% from Par

BTC0.59%
According to Foresight News, Ripple CEO Brad Garlinghouse criticized Strategy executive chairman Michael Saylor's Bitcoin accumulation strategy during a CNBC interview, stating that Saylor's team has not focused on the right priorities and has harmed the broader market. Garlinghouse emphasized that digital assets' long-term value should be driven by actual utility rather than financial engineering. Strategy's perpetual preferred stock STRC is currently trading at approximately 25% discount to its $100 par value.
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