 ▲ Strategy, Bitcoin (BTC) / AI-generated image © |
Bitcoin (BTC) has maintained the $66,000 level despite geopolitical risks originating from the Middle East and concerns over surging oil prices, sustaining expectations of a rebound. Meanwhile, Strategy reaffirmed its aggressive accumulation stance by raising its preferred stock dividend to 11.5%.
According to investment media outlet FXLeaders on March 2 (local time), global financial markets were shaken by reports of U.S. and Israeli airstrikes on Iran and the death of Iran’s supreme leader. However, the cryptocurrency market quickly stabilized over the weekend. U.S. stock index futures fell 0.65%, while the 24-hour crypto market regained balance after an initial sharp drop. As Iran hinted at controlling the Strait of Hormuz, concerns over a spike in oil prices and renewed inflationary pressures resurfaced. Citing JPMorgan analysis, The Kobeissi Letter suggested that the U.S. Consumer Price Index (CPI) could rise again to as high as 5%.
During the weekend closure of the Chicago Mercantile Exchange (CME) futures market, tokenized gold assets such as Pax Gold (PAXG) and Tether Gold (XAUt) effectively served as the only 24-hour mechanisms for gold price discovery. This was seen as a notable example highlighting the practical utility of blockchain-based real-world asset tokenization.
Bitcoin traded around $66,527, maintaining its existing range. Analyst Michaël van de Poppe pointed out that breaking above the 21-day simple moving average at $67,627 is key to sustaining a rebound. Trader BitBull suggested that, based on the three-day chart, a recovery toward the $73,000–$74,000 range is possible. However, with a CME Bitcoin futures gap remaining near $65,880, some analysts expect short-term sideways movement to continue.
Meanwhile, Strategy announced that it would raise the monthly dividend rate of its STRC preferred stock, known as “Stretch,” from 11.25% to 11.50%, an increase of 0.25 percentage points, effective for shareholders of record as of March 31, 2026. During the week of February 16, the company purchased an additional 592 BTC for approximately $39.8 million, bringing its total holdings to 717,722 BTC. The average purchase price stands at $76,020, above the current market price. Its common stock, MSTR, closed at $129.50 last Friday, down about 75% from its November 2024 peak of $543. The company reported a net loss of $12.4 billion in the fourth quarter of 2025. Nevertheless, Strategy continues its Bitcoin accumulation strategy by raising funds through preferred stock issuance rather than common stock.
Bitcoin’s defense of the $66,000 level amid geopolitical shocks, along with Strategy’s continued accumulation backed by high dividend yields, illustrates the market’s tug-of-war between short-term uncertainty and structural demand. Capital flows following the reopening of U.S. markets and the stabilization of oil prices are emerging as key variables that will determine the near-term direction.
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