Strategy Inc. MSTR (formerly known as Microstrategy) gained on Friday after Standard Chartered said recent weakness in bitcoin reflects investor uncertainty over the company’s evolving strategy rather than any deterioration in its balance sheet. In a note, Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, maintained the bank’s end-2026 bitcoin price target of $100,000. He argued that Strategy’s recent actions have created short-term uncertainty but do not alter bitcoin’s medium-term outlook. The comments come after Strategy sold 3,588 bitcoin for about $216 million last week, its largest disposal to date, while adopting a Digital Credit Capital Framework that includes a bitcoin monetization program, a USD reserve, share buybacks and preferred stock support.
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