Gönderi

Narrative of the Week: Strategy's STRC Death Spiral STRC depegs to a low of $82 as fears mount over the sustainability of its dividends. Traders draw parallels to Terra-Luna's safe yield marketing and its 2022 death spiral. Strategy could sell MSTR shares (still above mNAV) to bring STRC back to par; selling more $BTC looks unlikely. Alternatively, buying back preferred shares and conceding the dividends are unsustainable could protect $MSTR long term. As a primary driver for $BTC , doubts over Strategy's yield products keep pessimism hanging over the market.