Strategy has upsized its Stream Perpetual Preferred Stock (STRE) offering to €620 million ($715 million) to support future Bitcoin acquisitions. This move comes as Bitcoin recently dropped below the $100,000 mark amid worsening risk sentiment triggered by the prolonged U.S. government shutdown.

On Friday, Bitcoin’s price fell to intraday lows below $100,000, echoing steep sell-offs across U.S. equities. The decline followed warnings from White House adviser Kevin Hassett about the shutdown’s potentially worse-than-expected economic impact. Despite the market-wide corrections, Bitcoin investment firm Strategy increased its STRE offering from the initial €350 million to €620 million.

CEO Michael Saylor confirmed the upsizing, explaining that the firm raised the capital to bolster liquidity for “general corporate purposes,” which includes acquiring additional Bitcoin. The euro-denominated structure remains consistent with earlier perpetual preferred stock offerings used by the company. Strategy has historically funded its BTC accumulation through debt-backed issuances.

Following its most recent purchase of 397 BTC worth $45.6 million on Monday, Strategy now holds a total of 641,205 BTC. This amount represents approximately 3.05% of the total circulating Bitcoin supply.

**Bitcoin Price Forecast: Signs of a Relief Bounce Toward $105,700**

Bitcoin’s 12-hour chart is showing mild signs of recovery after the steep decline. At the time of writing, the price trades around $100,950, having bounced off the lower Keltner Channel support level at $100,255. The mid-channel resistance lies near $105,729.

Volume Delta readings have turned slightly positive, indicating early accumulation near the crucial $100,000 psychological level. Meanwhile, the MACD histogram suggests easing bearish momentum, with the signal line flattening near -2,004 — signaling the potential for a near-term bullish crossover.

The Bull-Bear Power (BBP) indicator remains negative but is improving, hinting that bearish influence is waning as buyers begin stepping in. A successful daily close above $101,200 could trigger a short squeeze, driving the price toward $105,700.

On the downside, failing to hold the $100,255 support level may open the door for further losses, potentially causing Bitcoin to retest lows near $98,400.

—

Stay tuned for further updates as market conditions evolve.
https://bitcoinethereumnews.com/bitcoin/what-next-for-bitcoin-price-as-strategy-raises-stre-offering-to-715m/