Strategy Secures 3,172 BTC in Two Days...$100,000 Bitcoin Theory Revives in Q2

▲ Strategy, Bitcoin (BTC)/AI generated image

Bullish predictions that Bitcoin (BTC) could reach $100,000 by June have re-emerged. Cointelegraph reported on the 13th that Strategy's preferred stock, Stretch (STRC), recovered its par value of $100, fulfilling the conditions for one of the company's Bitcoin acquisition funding mechanisms to become operational again.

STRC traded at approximately $100.01 as of Wednesday. According to STRC.LIVE estimates, the preferred stock program has already secured sufficient funding for Strategy to purchase at least 3,172 BTC this week. Cointelegraph noted that this volume represents approximately 235% of the newly mined Bitcoin supply during the same period.

Strategy's Bitcoin accumulation model significantly increases in efficiency when STRC trades above its par value. Under these conditions, the company can more actively issue preferred stock to raise new capital and deploy that capital to purchase Bitcoin.

Strategy has added approximately 101,700 BTC since February. Consequently, the company's Bitcoin holdings increased from approximately 717,000 BTC in mid-February to around 819,000 BTC as of May 11. During the same period, Bitcoin rose by over 40%, indicating a correlation between Strategy's recent accumulation trend and the Bitcoin market recovery.

Market analyst Pio Vincenzo stated in an X post on Wednesday, "STRC has raised $5.58 billion year-to-date since January." He added that MSTR "could raise an additional $20 billion by the end of the year."

Bullish signals for Bitcoin have also emerged in the stablecoin market. According to a fractal analysis shared by analyst MikybullCrypto, the combined cryptocurrency market share of Tether's USDT and Circle's USDC is forming a peak near the 10% to 11% resistance zone.

Stablecoin market share indicates the proportion of cryptocurrency market funds held in digital dollar form. A decline in this share is interpreted as funds moving back into Bitcoin and other crypto assets.

Similar trends were observed in past cycles. From 2022 to 2024, stablecoin market share fell by approximately 70%, while Bitcoin rose by about 600% during the same period. In 2021, Bitcoin surged by 525% while stablecoin market share dropped by 54%. On average, stablecoin market share declined by 61.3%, and Bitcoin rose by approximately 560% during the corresponding periods.

MikybullCrypto said, "Bitcoin has a greater chance of a sustained bullish reversal on the weekly chart." He added, "Reaching $100,000 this quarter seems highly probable."

However, overhead resistance remains. Bitcoin is showing signs of upward fatigue near the 200-day exponential moving average around $82,000. Cointelegraph reported that if Bitcoin fails to break through this resistance, the likelihood of a sell-off could increase in the coming weeks, and a rising wedge pattern suggests a potential drop below $70,000 by June.

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