Strategy buys 1,000 Bitcoin with $STRC stock proceeds in under an hour

Strategy purchased over 1,000 BTC using $STRC preferred stock proceeds in under an hour. The market for Bitcoin reaching $100,000 by December 31, 2026, sits at 34.5% YES, down slightly from 36% yesterday.

Market reaction

Bitcoin is holding above $66,000. The $100,000 target market dipped slightly day-over-day, but the 7-day trend shows a rise from 30% to 34.5% YES. The $150,000 target is more subdued at 9.5% YES.

Why it matters

Trading volume on the $100,000 market is $2,613 in actual USDC, with $2,908 required to move the price by 5 points. That makes it relatively stable, though a few large trades could still shift short-term odds. The $150,000 market is thinner, needing just $792 to move 5 points, which leaves it more exposed to volatility.

Tensions in the Strait of Hormuz and a broader risk-off environment complicate the picture. Bitcoin’s correlation with the S&P 500 at 0.55 means it still behaves like a risk-on asset. Strategy’s purchase signals institutional confidence, but traders need to weigh that against macro risks. Buying YES at 34.5¢ offers a potential 2.9x return if Bitcoin hits $100,000 by the end of 2026.

What to watch

Institutional adoption signals, particularly large Bitcoin purchases by firms like BlackRock or MicroStrategy, and any regulatory shifts that could move these markets.

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