Standard Chartered Bank’s head of digital asset research, Geoffrey Kendrick, said in a recent report that market concerns about Strategy stem more from communication issues during its transition from a “never-sell bitcoin” model to issuing credit products backed by BTC, rather than from solvency concerns. Kendrick expects that as the market gradually understands the new capital structure, the price of Strategy’s STRC preferred shares should move back toward $100, thereby reducing the need for Strategy to sell more bitcoin. Standard Chartered maintains its $100k target price for bitcoin by the end of 2026, and said the current BTC price of about $64k is “a screaming buy” opportunity. (The Block )

BTC1.02%
STRC2.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned