Bitcoin rebound lifts MSTR and STRC as gold, PURR and Unitree draw trading attention

BlockBeats said on Aug. 21 that this week’s market leadership shifted away from AI earnings and toward macro conditions and crypto assets. U.S. stocks remained range-bound near record levels, with long-dated Treasury yields, the fiscal deficit and Jackson Hole policy signals weighing on risk appetite. Bitcoin then bounced sharply as regulatory expectations improved, bringing Strategy and its related preferred shares back into focus. Gold also stayed supported by safe-haven demand and moves in the dollar, helping GLD trade higher alongside the metal. In China, Unitree’s debut on the STAR Market kept trading active and made embodied AI one of the week’s most closely watched themes. MSTR rose about 4.37% for the week. Strategy said it would use proceeds from equity issuance for its Bitcoin treasury and add dollar reserve management. After Bitcoin recovered from its lows, MSTR’s leveraged profile once again drew trading flows, and the market kept pricing the BTC level, equity financing and the size of the treasury safety cushion. STRC gained about 2.53%. After Strategy expanded its variable-dividend preferred stock tool, STRC moved around its liquidation preference. Investors watched monthly dividends, buyback support and the coverage of its dollar reserves, while the preferred yield became a gauge for the financing cost of a Bitcoin treasury. PURR climbed about 33.65% this week. It moved with the improving Hyperliquid ecosystem as traders priced HYPE treasury activity and expectations for a friendlier regulatory backdrop. The token’s small-cap, high-volatility profile gave it more upside sensitivity than major coins, but also made it more exposed to headlines and liquidity swings. Unitree listed on Aug. 19 and closed its first day at 845 yuan, with a market value of about 341.8 billion yuan. By Aug. 21, it closed at 672.41 yuan, giving it a market value of about 271.966 billion yuan, or about 20.42% below its first-day close. Trading interest remained high in the early days, but valuation and the pace of embodied-AI commercialization split opinion. GLD rose about 2.63% for the week. Gold continued to attract allocation flows as the fiscal deficit, long rates and dollar volatility stayed in focus. Investors are still waiting for Jackson Hole signals, with safe-haven demand and the broader devaluation trade remaining the main support.