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Standard Chartered Bank: Maintains Bitcoin target price of $100,000, Strategy of selling coins is not a worsening risk

According to The Block, Standard Chartered stated that it maintains its price prediction of Bitcoin reaching $100,000 by the end of 2026. The recent market decline triggered by movements related to Strategy (formerly MicroStrategy) is not due to a deterioration of the company's balance sheet, but rather a failure of the strategic adjustments to be fully understood by the market.Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, pointed out in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the narrative of the company "never selling Bitcoin," but now Strategy seems to be shifting towards a more complex capital operation model. Whether this change can be clearly communicated will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, accounting for over 4% of the total supply of 21 million Bitcoins. Between 2020 and mid-2025, Strategy's mNAV (market value/Bitcoin asset value) has remained above 1, allowing the company to finance Bitcoin purchases through stock issuance and achieve shareholder value growth.The commitment to "never sell Bitcoin" is the core of this model gaining market recognition. However, as the current mNAV approaches 1, the leverage effect of this financing model is weakening. Kendrick believes that Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool," meaning it holds Bitcoin as the credit basis for its perpetual preferred stock STRC.STRC currently has a scale of about $10 billion, making it the largest financial instrument launched by Strategy, with an annualized dividend yield of 12%, paid in cash every half month, and its price maintained around the $100 par value through an interest rate adjustment mechanism. Standard Chartered stated that STRC is currently trading at about $90, while Strategy has a dollar reserve of about $2.55 billion for paying dividends, which can cover approximately 17.4 months of dividend expenses.Kendrick stated that the policy adjustment allowing the sale of Bitcoin does not necessarily mean the company will continue to sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He likened this mechanism to a central bank's commitment to "take action no matter what": restoring market confidence alone may mean that actual intervention might not occur at all.

The Russian Financial Supervisory Authority will be authorized to monitor all cryptocurrency transactions, with those over 60,000 rubles required to be reported

According to Bits.media, a new draft bill submitted by the Russian government aims to grant the Financial Supervisory Authority the power to monitor all cryptocurrency transactions. For cryptocurrency transactions exceeding 60,000 rubles and foreign trade cryptocurrency transactions exceeding 1,000,000 rubles, the agency will collect complete information such as the full names or corporate names of the payer and payee, wallet addresses, actual addresses, birth dates, and taxpayer identification numbers. Transactions below 60,000 rubles only require the provision of names and wallet addresses.The bill also stipulates that the new limit for digital asset transactions by banks is 1% of the bank group's capital, and banks must hold corresponding funds to cover risks for the purchased cryptocurrencies. The central bank will be authorized to restrict or prohibit specific cryptocurrency operations when they threaten investor interests or may "undermine the stability of the financial system," with the scope extending from non-bank financial institutions to banks. The bill is expected to take effect simultaneously with the main cryptocurrency regulatory legislation, originally scheduled for implementation on July 1, but the review has been postponed. The first deputy governor recently stated that the relevant laws may take effect on September 1.

GPUS treasury surpasses 1,000 BTC, Metaplanet issues $137 million in new shares to sprint towards year-end goals

According to BBX data, yesterday the global US stock market and companies listed on the Tokyo Stock Exchange made significant moves in the accumulation of digital asset reserves. The latest updates from two core companies are as follows:GPUS core treasury breaks the 1,000 mark: Artificial intelligence data center company Hyperscale Data, Inc. (NYSE American: $GPUS) officially announced that the number of bitcoins held in its treasury has officially exceeded 1,000. Management stated that the company will continue to closely align with market conditions and existing capital allocation opportunities, supported by its core data center business, to continuously manage and expand its bitcoin reserve scale.Metaplanet raises $137 million through targeted private placement: Metaplanet Inc. (TSE: $3350) announced that it will issue new shares to specific institutional investors through the Third-Party Allotment mechanism under Japanese securities law, aiming to raise approximately $137 million (equivalent to 21.4 billion yen), with all funds to be used for purchasing bitcoin. The company accumulated 2,823 BTC in Q2 this year, and as of June 30, its total holdings have reached 43,000 BTC (valued at approximately $2.67 billion). Based on the current market price of about $62,000 per coin, this lightning private placement is expected to add approximately 2,210 BTC to its reserves, helping it strive towards its ultimate goal of 100,000 BTC by the end of the year.
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