Strategy: STRC Mispricing Unlocks Larger BTC Buys
André Dragosch states that Strategy's STRC preferred equity remains deeply mispriced and should trade well above par, which would let the firm issue additional shares to accumulate more Bitcoin.
SourceAnalysis
Strategy faces one of the clearest mispricings in traditional finance, according to André Dragosch. The analyst notes that common credit metrics point to an AA or AAA rating rather than the current B-, implying STRC yields should sit near 6% instead of 12%.
With STRC capped near $101, any move above par would simply free the company to issue more preferred equity and buy additional BTC. Dragosch expects the full scale of this capital-markets flywheel has yet to appear.
Bitcoin trades at $77014.45 inside its Bollinger band, testing the lower support at $76844.44 while the upper resistance sits at $78555.13. The 50-EMA at $79002.29 and 200-EMA at $81051.3 still define the bearish structure, yet the MACD golden cross at -417.1 already signals building momentum even as RSI at 36.63 remains neutral.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.