비트코인 대안, 더 안전한 선택일까요? STRC 전략은 역사적으로 낮은 변동성을 보여주며, 이는 비트코인의 위험 수준보다 훨씬 낮습니다

[kim]

Key points:
Strategy-Chairman Michael Saylor pointed out that Strategy’s preferred stock has hit an all-time low volatility.
The preferred stock hit an annualized volatility of 14%, but has currently dropped to 1.5%.
While it has a correlation with Bitcoin, it does not act as just a Bitcoin proxy, unlike Strategy’s class A common stock.
Even as the crypto market continues to remain volatile, Strategy Inc’s lesser-known preferred security is moving in the opposite direction. Strategy (MSTR) Executive Chairman Michael Saylor said on Wednesday that the company’s Perpetual ‘Stretch’ Preferred Stock (STRC) reached an all-time low volatility of 1.5%, contributing to a record Sharpe ratio of 5.37. This is a stark contrast to Bitcoin’s price swings.

In a post on X, Saylor wrote that it was a “new standard for risk-adjusted performance.” According to the company’s dashboard, STRC had a one-year historical volatility of 14% and a correlation with Bitcoin (BTC) of 59%. https://x.com/saylor/status/2034235533010886812?s=20

Bitcoin's volatility, however, has remained substantially higher than STRC. Data from Coinglass shows that Bitcoin’s historical annualized volatility was over 50%, highlighting the difference between BTC's price fluctuations and STRC's steadier trade-off.

MSTR Slips As Bitcoin Pulls Back

Strategy’s stock was down nearly 3% in pre-market after Bitcoin’s price dropped nearly 2% in the last 24 hours to around $72,400, and Citi cut its price target on the shares. On Stocktwits, the retail sentiment around MSTR was in the ‘bullish’ zone, as chatter levels remained at ‘high’ levels over the past day.

STRC’s correlation with MSTR’s stock is 66%, higher than its correlation with Bitcoin’s price. This suggests that the stock is halfway between a crypto-adjacent and a typical market instrument, not just a Bitcoin proxy.

Previously, Saylor said that STRC’s at the market (ATM) issuance has averaged about 3.5 times the natural supply of Bitcoin, indicating strong demand relative to BTC’s limited supply.
source: https://www.tradingview.com/news/stocktwits:7e20c7a32094b:0/