The recent September 2026 security agreement signed by the United States, Denmark, and Greenland has anchored trader expectations against any territorial acquisition in 2026. That pact expands U.S. military access, designates new defense areas, modernizes existing bases, and bars non-NATO adversaries from sensitive investments or installations while explicitly preserving Danish sovereignty and Greenland’s territorial integrity. It supplements the longstanding 1951 defense treaty without conveying land or altering formal ownership. High “No” pricing therefore reflects this diplomatic resolution of earlier U.S. interest in outright purchase or control. Remaining uncertainty stems from potential late-year shifts such as Greenlandic independence negotiations that reopen bilateral talks or unforeseen escalations involving Arctic competitors that prompt renewed U.S. acquisition pressure before year-end.