Standard Chartered has reaffirmed its $100,000 year-end 2026 target for Bitcoin, arguing that recent weakness tied to Strategy reflects a communication challenge, not a deterioration in its financial position. Investors are adjusting to Strategy's transition from a "never sell Bitcoin" model to using BTC as collateral for its preferred stock business.

Strategy sold $216M in Bitcoin, prompting reassessment of STRC's prospects. STRC hitting $100 by December at 55% YES.

Schwab strategist Jim Ferraioli said Strategy's recent preferred stock actions have eased near-term liquidity concerns despite Bitcoin's decline.