Standard Chartered has maintained its $100,000 year-end 2026 price target for Bitcoin (CRYPTO: BTC), argued that recent market weakness is mainly tied to Strategy Inc.
(NASDAQ:MSTR) reflects a messaging problem rather than any deterioration in the company's financial position.
From Bitcoin Accumulator To Credit Platform In a research note on Friday, Geoffrey Kendrick, Standard Chartered’s global head of digital assets research said, "I see what is happening at MSTR right now as a communication challenge, nothing more," He argued that investors are still adjusting to Strategy's shift away from its long-standing "never sell Bitcoin" philosophy toward using Bitcoin as collateral to support its growing preferred stock business.
Strategy currently holds 843,775 BTC, representing more than 4% of Bitcoin's maximum 21 million supply, Kendrick wrote as reported by The Block.
Kendrick said Strategy's previous model relied on its stock trading at a premium to the value of its Bitcoin holdings, allowing it to issue equity, purchase more Bitcoin and grow shareholder value.
