Strive acquired 1,800 Bitcoin for $143 million between August 24 and 28, at an average price of $79,431 per unit. The purchase raised the company's total holdings to 23,156 BTC, positioning it as the fifth-largest publicly traded corporate holder. Strategy also resumed its Bitcoin purchases, adding 4,603 BTC at an average price of $80,318.
The largest cryptocurrency is on track for its best month since 2017, holding above $78,000 even as a hawkish Fed and renewed Middle East conflict drag on stocks and lift crude.
Rising US bond yields challenge Bitcoin's appeal, highlighting broader concerns about fiscal sustainability and risk asset volatility. Bitcoin faces volatility as US bond yields approach 20-year high.
Strategy resumed its bitcoin purchases after a two-month pause, acquiring 4,603 BTC for $369.7 million at an average price of $80,318 per unit. The operation was funded through the sale of common shares for $602.8 million, part of which was used to repurchase $151.8 million in STRC preferred shares.
US spot Bitcoin ETFs recorded $201.9 million in net outflows for the August 28 session, ending a nine-day inflow streak and giving traders a cooler signal after a strong run of ETF demand. The outflow marks a shift from the prior sessions, when spot Bitcoin ETF demand had been one of the cleaner supports for market sentiment.
U.S. spot bitcoin ETFs attracted $924.48 million during the week of Aug. 24 to Aug. 28, while ether funds added $824.42 million. Solana, XRP and HYPE exchange-traded funds (ETFs) posted their strongest broad-based showing yet, lifting combined inflows across the five categories to roughly $2.07 billion. Bitcoin ETFs Add $924.48M as Ether Funds Draw $824.
CME launched its Emerging Crypto Index on August 31, excluding Bitcoin and Ethereum while providing real-time institutional pricing for eligible altcoins. A CF Benchmarks research portfolio assigned BNB, XRP, Solana and HYPE a combined 92.7% indicative weight, showing heavy concentration among four tokens.
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Metaplanet moved 2,400 BTC worth roughly $186 million into Coinbase Prime within three hours on August 31, using six deposits ranging from 103 to 800 BTC.
Bitcoin is on track to log its best August performance since 2017, demonstrating remarkable resilience against back-to-back macro shocks as escalating US-Iran hostilities and a hawkish pivot from the Federal Reserve test the durability of the digital-asset rebound.
Strive has purchased 1,800 Bitcoin for about $143 million, raising its treasury to 23,156 BTC and moving past Bullish into fifth place among public corporate holders. Strive Bitcoin holdings reach 23,156 BTC The U.S.
TD Cowen expects Strive (ASST) to end 2026 with 27,156 BTC, nearly 4,300 more bitcoin than previously forecast.