Standard Chartered Keeps $100K Bitcoin Target as MicroStrategy Sells 3,588 BTC

According to Geoffrey Kendrick, Standard Chartered's global head of digital assets research, the bank is maintaining its end-of-2026 Bitcoin price target of $100,000 despite MicroStrategy's recent sale of 3,588 BTC for approximately $216 million. Kendrick characterized the recent weakness as a communication challenge rather than a deterioration of MicroStrategy's fundamentals, stating the company's Bitcoin sales are part of a monetization program to generate liquidity for its STRC preferred stock dividend payments. MicroStrategy's STRC traded around $90 in recent sessions after declining to $71.25 on June 26, while Bitcoin traded near $63,971.
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