Standard Chartered Reaffirms $100,000 Bitcoin Target

Geoff Kendrick, global head of digital assets research at Standard Chartered, noted that the market overreacted to Strategy’s evolving treasury approach. While investors previously feared a trend of divestment, the company is actually pivoting its holdings to support credit-focused products like its perpetual preferred stock, STRC. Kendrick suggested that clearer corporate communication regarding these financial plans would likely stabilize investor sentiment and mitigate fears of further Bitcoin liquidations.

Institutional appetite remains robust despite this turbulence. Recent SEC filings reveal that Wells Fargo increased its stake in Strategy by 125%, adding roughly $41.5 million in exposure. While the bank simultaneously trimmed its holdings in BlackRock’s IBIT by over 75,000 shares, it offset this by expanding its options positions and increasing its footprint in Ethereum and Solana-linked products. This shift toward a more balanced, multi-asset strategy suggests that major firms are managing volatility through diversification rather than retreating from the crypto market entirely.