# Is Strategy Really the Next Terra Luna?

Page: https://stenobird.com/podcast/the-breakdown-440465/is-strategy-really-the-next-terra-luna
Text version: https://stenobird.com/podcast/the-breakdown-440465/is-strategy-really-the-next-terra-luna.md
Podcast: [The Breakdown](https://stenobird.com/podcast/the-breakdown-440465)
Published: 2026-06-22T15:04:00+00:00
Episode link: https://traffic.megaphone.fm/BWG9959893941.mp3
Audio file: https://traffic.megaphone.fm/BWG9959893941.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-breakdown-440465/episodes/is-strategy-really-the-next-terra-luna
Duration seconds: 1655

## Resource

Strategy’s STRC is still trading below its $100 target and has drawn comparisons to Terra Luna. David walks through how Terra Luna actually imploded, why Strategy's flywheel is meaningfully different, and the real problem he sees underneath it all. Enjoy! FOLLOW THE SHOW › David — https://x.com/dcanellis › The Breakdown — https://x.com/TheBreakdownBW › The Breakdown Newsletter — https://blockworks.com/newsletter/the-breakdown DISCLAIMER As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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## Transcript

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