Standard Chartered · Bitcoin · Strategy · Bitcoin Magazine
Standard Chartered reaffirmed its $100,000 end-2026 Bitcoin price target
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Standard Chartered maintained its end-2026 Bitcoin price forecast of $100,000 in a note to investors on Friday, arguing that the recent weakness reflects a failure by Strategy to explain a strategic shift rather than any deterioration in the company’s balance sheet.
Key facts
- The USD reserve for STRC dividends stands at $2.55 billion, or 17.4 months of coverage
- A negative feedback loop took hold once STRC broke from par, hitting an intraday low of $71.25 on June 26
- Between 2020 and mid-2025, Strategy’s mNAV, enterprise value divided by the value of its Bitcoin, traded above 1.0
- 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
Summary
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. Geoffrey Kendrick, the bank’s global head of digital assets research, wrote that Strategy, the largest corporate holder of Bitcoin, with 843,775 coins, more than 4% of the 21 million that will ever exist, “appears to be pivoting from its ‘never sell Bitcoin’ mantra to a more complex approach.” Clear communication of that pivot, he wrote, will determine how fast the pressure on BTC lifts. Between 2020 and mid-2025, Strategy’s mNAV, enterprise value divided by the value of its Bitcoin, traded above 1.0.