Benchmark: This research report is pretty bold with its pricing—backing it with 847k BTC as a safety net really is tough. But can STC’s volatility truly hold steady around 100 this time? I’ll first see whether the market buys into this logic.

CryptoWorld News reports that Benchmark Equity Research has reiterated its Buy rating for Strategy and maintained a target price of $570. Analyst Mark Palmer said that STRC is not a stablecoin, but a perpetual preferred stock instrument backed by Strategy holding more than 847,000 Bitcoins. Although STRC once fell below $83, the company’s strategy is to keep it trading at a level close to $100. STRC’s variable dividend mechanism and $1.4 billion in cash reserves give Strategy room to adjust its capital structure.