Strategy’s STRC raises funds to buy 3,029 Bitcoin amid market skepticism

Strategy’s STRC raised enough money yesterday to purchase roughly 3,029 Bitcoin. The odds of Bitcoin reaching $100,000 by December 31, 2026, sit at 34.5% YES, down from 36% 24 hours ago.

STRC’s purchase signals continued institutional appetite for Bitcoin as a hedge against geopolitical instability and fiat currency risk. The Bitcoin $100,000 market has seen a mild decline in odds despite the STRC buy. The Bitcoin $150,000 market holds steady at 9.5% YES.

Total USDC traded across these markets was $3,490 in the past 24 hours, with a combined face value of $16,743. The market is thin: $2,908 would move the $100,000 market odds by five percentage points, meaning a single large trade could cause significant swings. The largest price move was a 1-point spike at 2:15 AM.

For traders, the disconnect between STRC’s buy and the slight drop in market odds suggests skepticism about near-term price targets. Buying YES at 34.5¢ offers a 2.9x return if Bitcoin crosses $100,000 by year’s end. That price needs to be weighed against potential regulatory hurdles and macroeconomic shifts that could keep Bitcoin below the target.

Watch for institutional adoption announcements from BlackRock and MicroStrategy. Any new allocation from either could move these thin markets quickly. Regulatory developments, whether favorable or restrictive, are the other variable that could shift odds sharply in either direction.

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