Bitcoin News
By Jean-Luc Maracon
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Strategy Sells Bitcoin — Market Caught Off Guard. Strategy, the largest corporate holder of Bitcoin with 843,775 coins in its portfolio, is slowly…
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The Sale of 3,588 BTC: $216 Million for What Purpose?. The recent sale of 3,588 BTC is the largest made by Strategy to date.
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Standard Chartered Remains Bullish. Kendrick is not backing down from his target. $100,000 by the end of 2026 — that's Standard…
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Standard Chartered remains steadfast. The bank maintains its $100,000 target for Bitcoin by the end of 2026, and its Global Head of Digital Asset Research, Geoffrey Kendrick, is…
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The question is why Strategy is selling. And that is more complicated.
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Strategy, the largest corporate holder of Bitcoin with 843,775 coins in its portfolio, is slowly moving away from its historical stance of never selling.
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The problem? Strategy sold 32 BTC at the beginning of June. Not much in volume, but it was enough. The STRC dropped below its nominal value, hitting an intraday low of $71.
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It remains solid on paper. But perception has taken a hit.
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The recent sale of 3,588 BTC is the largest made by Strategy to date. It raised approximately $216 million.
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Kendrick sees this differently from the market. For him, BTC is over-collateralized in this setup, and the STRC should return to $100.
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Read also: XRP Approaches $1 as Bitcoin Pair Tests 1,700 Sats Floor
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But not everyone is convinced. Analysts at JPMorgan pointed out that Strategy is becoming both a buyer and a seller in the Bitcoin market.
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Strategy's shares are trading around $98, close to the nominal value of the STRC. Bitcoin, meanwhile, exceeds $64,400 on Friday. Both hold. For now.
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Kendrick is not backing down from his target. $100,000 by the end of 2026 — that's Standard Chartered's official forecast, and Strategy's sale doesn't change it.
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The STRC mechanism itself is designed to absorb shocks. The 12% dividend adjusted monthly, the $2.55 billion reserve, the 17.
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