Bitcoin (BTC) may reach $100,000 by June as Strategy’s renewed buying power and falling stablecoin dominance suggest liquidity is returning to crypto.
Key takeaways:
Michael Saylor’s Strategy may purchase at least 3,127 BTC this week via the sales of STRC shares.Falling crypto market dominance of USDT and USDC stablecoins increases BTC’s odds of reaching $100,000.
Strategy resumes Bitcoin buying as STRC stock reclaims $100 par
Strategy’s preferred stock, Stretch (STRC), has reclaimed its critical $100 par value, restoring one of the company’s funding mechanisms for Bitcoin purchases, data from STRC.LIVE shows.
As of Wednesday, STRC was trading around $100.01, with estimates suggesting the preferred-share program has already unlocked enough buying power for Strategy to acquire at least 3,172 BTC this week.
Strategy’s weekly BTC buying estimates via STRC stock sales. Source: STRC.LIVE
That is nearly 235% of Bitcoin’s newly mined supply over the same period.
Strategy’s Bitcoin accumulation model becomes significantly more efficient whenever STRC trades at or above par. In those conditions, the company can issue preferred shares more aggressively, raise fresh capital, and redirect proceeds into Bitcoin.
Since February, the company has added roughly 101,700 BTC, lifting its holdings to nearly 819,000 BTC as of May 11 from about 717,000 BTC in mid-February.
Source: X
Bitcoin rose more than 40% over the same stretch, underscoring how Strategy’s latest accumulation wave has coincided with BTC’s broader recovery.
“STRC raised $5.58 billion YTD since January,” market analyst Pio Vincenzo said in a Wednesday post, adding that MSTR may raise “another $20 billion by the end of the year.”
Related: Strategy CEO Phong Le says company will sell BTC only in specific cases
Falling stablecoin dominance is bullish for Bitcoin’s price
Another bullish signal is coming from the stablecoin market.
The combined dominance of Tether’s USDT and Circle’s USDC is showing signs of topping near the 10%–11% resistance zone, according to a fractal analysis shared by analyst MikybullCrypto.
Net USDT and USDC’s crypto market dominance…
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