Strategy Secures 3,172 BTC in Two Days...$100,000 Bitcoin Theory Revives for 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, creating conditions for one of the company's Bitcoin acquisition funding methods to become active 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 reported 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 par value. Under these conditions, the company can more actively issue preferred shares to raise new capital and allocate the raised funds to Bitcoin purchases.

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

Market analyst Pio Vincenzo stated in an X post on Wednesday that “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 been observed 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 showing a trend of peaking near the 10% to 11% resistance zone.

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

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

MikybullCrypto stated, “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 still 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 level, 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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