The September 2026 trilateral security agreement between the United States, Denmark, and Greenland has anchored trader expectations against any territorial acquisition. The pact expands U.S. military access, including new basing options at Narsarsuaq and Mestersvig plus modernization at Pituffik Space Base, while establishing veto rights over non-NATO military presence and sensitive foreign investments. Danish and Greenlandic officials emphasized that the deal preserves full sovereignty and territorial integrity, falling well short of earlier U.S. calls for outright ownership. With parliamentary ratification still pending but no signs of renewed purchase negotiations, the implied probability of acquisition in the remaining months of 2026 remains low. Late shifts would require either a collapse of the agreement or an abrupt policy reversal amid the U.S. midterms.