In his latest report, Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered Bank, said that recent market concerns about Strategy stem more from communication issues during its transition from a “never-sell Bitcoin” approach to 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 preferred stock STRC should move back toward $100, 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)

BTC0.37%
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
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
KiteRerouter
· 15h ago
From never selling to credit products—this transition is indeed a big step, so the market is confused, which is normal.
View OriginalReply0
Stop-LossIsLikeAConfession
· 15h ago
If preferred shares are bought back for 100, can Saylor just lie back and do nothing again?
View OriginalReply0
GateUser-9187acf1
· 15h ago
How many retail traders were washed out by that STRK volatility swing, and only now are institutional reports coming out?
View OriginalReply0
GateUser-0f8d377b
· 15h ago
The path of BTC collateral has been worked out; going forward, issuing bonds won’t require selling coins—the model has really changed.
View OriginalReply0
GateUser-af0710ba
· 15h ago
A target of 100k is conservative, but Standard Chartered’s “screaming buy” call is already more aggressive than its peers
View OriginalReply0
  • Pinned