Strategy (MSTR) raised $467 million through stock sales to boost its cash reserve to $3 billion while leaving its 843,775 BTC holdings unchanged for a second straight week.
Standard Chartered reaffirmed its $100,000 end-2026 Bitcoin price target, calling Bitcoin "a screaming buy" and arguing that Strategy's recent sell-off reflects a communication issue around its new monetization strategy rather than a weakening Bitcoin outlook.
JPMorgan says Strategy's Bitcoin sales are a short-term concern, but the bigger long-term risk is that banks and institutions adopt private blockchains over public networks, reducing activity and capital flows across the broader crypto ecosystem.
BitcoinTreasuries.net says June marked the first major stress test for Bitcoin-backed preferred shares, with Strategy's STRC and Strive's SATA rebounding after a sharp sell-off, reinforcing confidence in the growing corporate Bitcoin financing model.
Bitcoin price climbed back above $60,000 on Wednesday, lifting Bitcoin treasury stocks, with Strategy (MSTR) and Strive (ASST) surging more than 10% intraday.
Strategy (MSTR) shares surged 14% at times on Monday after the company unveiled a sweeping capital overhaul, leading a broad rally in bitcoin-linked stocks despite Bitcoin remaining under pressure near $60,000.