Bitcoin miners' stocks rose by up to 67% during the August rally, shifting investor focus back to direct BTC exposure over AI pivots. This recovery was driven by US Treasury liquidity buybacks, regulatory optimism after a White House meeting, and a $1.6 billion short squeeze.
Strive and Strategy increased their holdings significantly. Strive bought 1,800 BTC for $143 million, bringing its total to 23,156 BTC. Strategy acquired 4,603 BTC at an average price of $80,318, increasing its total holdings to over 845,000 BTC.
Bitmine has purchased Ether for 65 consecutive weeks, now holding 5.9 million ETH worth $14.8 billion. The company owns 4.9% of the circulating supply, nearing its 5% goal, despite facing $5.1 billion in unrealized losses.
A consortium of 21 financial institutions, including Goldman Sachs and Citi, plans to launch a US dollar stablecoin by the first half of 2027. The project aims to serve wholesale and retail markets for cross-border payments and settlement.
