A crypto market rebound is driving companies to increase their digital-asset allocations again.
As Bitcoin prices climbed, Bitcoin miners that had actively shifted toward AI businesses returned as high-beta BTC proxies. At the same time, corporate balance-sheet strategies built around direct Bitcoin holdings moved back into focus.
Mining stocks outpaced some AI infrastructure names
Data showed Bitcoin was up about 23% by late August. Some mining stocks rose 41% to 67% over the same stretch, outperforming several AI infrastructure companies.
The market tied the rally to a mix of factors: an expansion of U.S. Treasury buybacks, positive signals from the White House on crypto regulation, and the liquidation of more than $1.6 billion in short positions.
Companies kept adding BTC
On corporate buying, Strive purchased 1,800 BTC in the final week of August, spending about $143 million. That brought its total holdings to 23,156 BTC, making it the fifth-largest public company holder of Bitcoin.
Strategy added 4,603 BTC during the same period, pushing its total holdings above 845,000 BTC.
Large financial institutions plan a stablecoin venture
At the same time, 21 large financial institutions, including Bank of America, Goldman Sachs, and Citigroup, plan to form a new company. The group aims to launch a U.S. dollar stablecoin in the first half of 2027 and later expand to other G7 currencies for cross-border payments and digital-asset settlement.
Bitmine keeps building its ETH position
On Ethereum, Bitmine has increased its ETH holdings for 65 consecutive weeks. Its latest position stands above 5.9 million ETH, equal to 4.9% of Ethereum's roughly 120.7 million circulating supply, leaving it just short of its 5% holding target.
Even with that continued accumulation, the company's ETH position is still carrying about $5.1 billion in unrealized losses.