Benchmark’s assessment of Strategy’s flagship preferred stock, STRC, is gradually becoming the foundation for a new generation of stablecoins and savings tokens backed by yields within the Bitcoin ecosystem.
Originally issued to raise funds for purchasing more Bitcoin, STRC is a perpetual preferred stock that pays monthly dividends and features a yield adjustment mechanism to keep its trading price around a par value of $100. Recently, CEO Michael Saylor announced that the March dividend for STRC was increased to 11.5%, up from 11.25%.
According to Benchmark analyst Mark Palmer, STRC is expanding its role from a financing tool to a core financial infrastructure for profit-generating stablecoin protocols.
Several projects have begun integrating STRC. Buck Labs uses this stock as a yield source for a USD-pegged savings token, while Saturn Labs is testing a collateral model combining US Treasury bonds and Strategy’s preferred stock. Another project, Apyx, is developing a stablecoin backed by dividends from preferred stocks of Bitcoin-accumulating companies.
Benchmark believes this structure could create a reinforcing loop: Strategy issues STRC to raise capital for more Bitcoin purchases, while crypto protocols buy STRC to generate yields for their products.
This analysis firm maintains its “buy” recommendation and a target price of $705 for Strategy’s MSTR stock, representing an approximately 380% increase from the current price around $147.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SXP Price Surges 11.59%: What This Could Mean for Traders
SXP has surged 11.59% amid a generally declining crypto market, reaching $0.0231. This increase reflects heightened investor interest, driven by market dynamics and trading activity, as traders eye key resistance and support levels.
Coinfomania7m ago
BitMine increased its holdings by 60,976 ETH last week. The Executive Chairman states that ETH may bottom out in mid-month.
BitMine announced that as of March 8, its total assets reached $10.3 billion, including 4,534,563 ETH and 195 BTC. Executive Chairman Tom Lee stated that amidst market uncertainty, ETH has shown resilience, and its price is expected to bottom out between March 8 and 14. Meanwhile, BitMine is accelerating its ETH accumulation, with staked ETH reaching 3,040,483.
GateNews12m ago
Oil prices rise to $119, reaching a new high since 2022, Bitcoin remains at $67,000, and the Federal Reserve has a 99% probability of maintaining interest rates in March.
On March 9th, WTI crude oil prices rose to $119 per barrel, reaching a new high since 2022. Due to threats from Iran, global crude oil supply losses approached 20 million barrels. Bitcoin remained at $67,000, with no signs of panic selling. The probability that the Federal Reserve will keep interest rates unchanged is approximately 99%.
GateNews45m ago
Bitcoin order book data: Over $100 million in buy orders accumulated in the $65,000 range, with sell pressure around $68,000.
Gate News Report, March 9 — On the X platform, on-chain data analysis platform Coinglass released data showing that Bitcoin order books have accumulated buy orders exceeding $100 million in the $65,000 to $65,150 range. Meanwhile, order book data indicates significant sell pressure around the $68,000 level.
GateNews47m ago
Bitcoin short-term holder SOPR indicator was below 1.0 for 7 out of 8 days, with a supply decrease of 140,000 coins over two weeks.
The report shows that the SOPR indicator for short-term Bitcoin holders has been below 1 for 7 out of the past 8 days, indicating they are selling below cost. Additionally, the supply has decreased to 5.92 million BTC, reflecting realized losses or a shift to long-term holding.
GateNews1h ago
Shiba Inu Sees 157B Token Inflows as Selling Pressure Intensifies
Key Insights
Over 157 billion SHIB tokens moved to exchanges within 24 hours, signaling increased selling activity and raising concerns about renewed market supply pressure.
Shiba Inu trades near $0.0000055 while remaining below major moving averages, confirming that the broader market
CryptoFrontNews1h ago
