{"id":7820,"date":"2026-07-08T16:16:20","date_gmt":"2026-07-08T16:16:20","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/07\/08\/schwab-strategist-backs-strategys-strc-playbook-amid-bitcoin-weakness\/"},"modified":"2026-07-08T16:16:20","modified_gmt":"2026-07-08T16:16:20","slug":"schwab-strategist-backs-strategys-strc-playbook-amid-bitcoin-weakness","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/07\/08\/schwab-strategist-backs-strategys-strc-playbook-amid-bitcoin-weakness\/","title":{"rendered":"Schwab Strategist Backs Strategy\u2019s STRC Playbook Amid Bitcoin Weakness"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Schwab Strategist Backs Strategy\u2019s STRC Playbook Amid Bitcoin Weakness<\/a><\/p>\n

<\/div>\n

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.<\/p>\n

Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said<\/a> the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak. Strategy, the largest corporate holder of Bitcoin, has funded much of its buying through preferred equity, including its variable-rate Stretch preferred stock, known as STRC.<\/p>\n

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<\/a> while unlocking further Bitcoin sales. The stock has since started climbing back toward par.\u00a0<\/p>\n

\u201cThe market is supportive of these actions,\u201d Ferraioli said, describing the response as a check on fears of cascading liquidations.<\/p>\n

The shift marks a change in tone for a company known for a \u201cnever sell\u201d stance.\u00a0<\/p>\n

\u201cWe went from never sell Bitcoin to strategically sell Bitcoin,\u201d Ferraioli said, acknowledging fair criticism. He cautioned that a lower multiple could limit Strategy\u2019s capacity to issue shares and buy more Bitcoin in the second half of the year.\u00a0<\/p>\n

Schwab\u2019s perspective on Bitcoin\u2019s slump<\/h2>\n

Ferraioli weighed in on a market bump that followed comments from President Trump, who signaled openness<\/a> to holding Bitcoin in the new Trump Accounts savings program.\u00a0<\/p>\n

Ferraioli read the move as a sign of one more potential class of buyer, alongside mainstream investors who entered through spot ETFs.\u00a0<\/p>\n

\u201cThe crypto market loves narratives,\u201d he said, calling the asset momentum-driven.<\/p>\n

On correlations, Ferraioli described Bitcoin as a low-correlation asset, a trait he traced to the four-year halving that cuts new supply. Past ties to tech stocks have broken down, and a historic inverse relationship with the dollar has wavered; Bitcoin has rallied<\/a> during periods of dollar strength this year.\u00a0<\/p>\n

\u201cStarting points matter,\u201d he said, noting that Bitcoin rose during the Iran conflict as the dollar gained.<\/p>\n

He addressed the dollar-yen rate, which trades near 40-year lows. A stronger yen could unwind the carry trade, in which investors sell the yen to buy growth assets. Ferraioli framed a yen rebound as a possible headwind for risk assets, though not a primary near-term risk for Bitcoin.<\/p>\n

On the debasement trade, Ferraioli pushed back on the idea that last year\u2019s gold rally, set against a halving of Bitcoin\u2019s market cap, disproved the store-of-value case.\u00a0<\/p>\n

He attributed the gold move to supply constraints and momentum rather than fiscal fear. The federal budget deficit has narrowed from 8-9% of GDP to 5%, near the median across Bitcoin\u2019s life.<\/p>\n

\u201cIt\u2019s not an endorsement of the fiscal health,\u201d he said, \u201cbut it helps put that narrative in check.\u201d<\/p>\n

This post Schwab Strategist Backs Strategy\u2019s STRC Playbook Amid Bitcoin Weakness<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Schwab Strategist Backs Strategy\u2019s STRC Playbook Amid Bitcoin Weakness 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 […]<\/p>\n","protected":false},"author":0,"featured_media":7821,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7820","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7820"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/7821"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}