What Next For Bitcoin Price as Strategy Raises STRE Offering to $715M?

Bitcoin price fell to intraday lows below $100,000 on Friday, aligning with steep sell-offs across U.S. equities as White House adviser Kevin Hassett of a worse-than-expected impact of the ongoing US government shutdown.

Amid the market-wide corrections, Bitcoin investment firm Strategy raised its Stream Perpetual Preferred Stock (STRE) offering to €620 million ($715 million).

CEO Michael Saylor confirmed the upsize, saying the firm raised the deal from €350 million to €620 million to bolster liquidity for “general corporate purposes,” which includes Bitcoin acquisitions. The euro-denominated structure mirrors earlier perpetual preferred stock offerings. The Strategy used to fund its accumulation of BTC through debt-backed issuances.

After its most recent purchase of 397 BTC for $45.6 million on Monday, Strategy now holds a total of 641,205 BTC, accounting for 3.05% of the total BTC circulation supply.

12-hour chart shows mild signs of recovery following a steep decline. The price trades around $100,950 at press time, bouncing from the lower Keltner Channel support at $100,255, while the mid-channel resistance lies near $105,729.

Volume Delta readings turned slightly positive, indicating early accumulation near the $100,00 level. Meanwhile, the MACD histogram shows easing bearish momentum, with the signal line flattening near -2,004, suggesting potential for a near-term crossover.

Bull-Bear Power (BBP) remains negative but improving, hinting that bears are losing dominance as buyers step in. A successful daily close above $101,200 could trigger a short squeeze toward $105,700. Conversely, failure to hold the $100,255 support would expose Bitcoin to further downside, potentially retesting $98,400.