Crypto Scenario Insights
What happened
MicroStrategy's treasury holdings, reportedly reaching 673,783 BTC, face a shifting macroeconomic landscape in 2026.
What we think
The most likely outcome is a shift to episodic buying (55% probability), which will increase Bitcoin's intraday volatility and make price action highly dependent on specific corporate debt-issuance windows.
Read the analysis
Will MicroStrategy's Shift to 'Episodic' BTC Buying Dampen Spot Liquidity in 2026?
We explain what happened and what could follow. We do not forecast prices.