Benchmark Backs Strategy’s STRC Funding Model for Bitcoin Purchases

Benchmark analyst Mark Palmer defended Strategy’s STRC preferred stock structure, which raised about $3.5 billion in the first three weeks of April to help fund Bitcoin purchases. Strategy used the April proceeds for three consecutive weekly buys totaling 51,364 BTC and now holds 818,334 BTC. Grayscale’s Zach Pandl said instruments like STRC depend on continued BTC price gains and carry a risk profile closer to high-yield corporate debt.

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