Strategy · Bitcoin · Bitcoin Magazine
Schwab Strategist Backs Strategy’s STRC Playbook Amid Bitcoin Weakness
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Schwab strategist Jim Ferraioli said Strategy's recent preferred stock actions have eased near-term liquidity concerns despite Bitcoin's decline.
Key facts
- That product fell near $70 from its $100 par value before a rebound
- To defend the peg, Strategy raised the STRC dividend to 12% and authorized $2 billion in buybacks while unlocking further Bitcoin sales
- Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy
- Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak
Summary
Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy at the Schwab Center for Financial Research. Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak. That product fell near $70 from its $100 par value before a rebound. “The market is supportive of these actions,” Ferraioli said, describing the response as a check on fears of cascading liquidations.