Crypto-linked equities extended their rebound over the past week as bitcoin briefly moved above $81,000 and ether topped $2,500, with listed treasury companies remaining a key focus for investors. Strategy did not buy or sell any bitcoin during the week, but it sold 18,261,118 shares of MSTR common stock and generated $2.007 billion in proceeds, while still holding 840,447 BTC. SoSoValue data showed that non-mining public companies posted $81.48 million in net bitcoin purchases for the week ended Aug. 24, a 1,431.6% jump from the prior week, taking aggregate holdings to 1,140,751 BTC worth about $89.52 billion. On the ether side, BitMine said that as of 2:00 p.m. ET on Aug. 23 it held 5,847,611 ETH, up 32,447 ETH from the previous week, equal to roughly 4.8% of Ethereum’s total supply. The company said its combined crypto assets, cash, marketable securities and “Moonshot” investments were worth about $14.9 billion, with 5,067,309 ETH already staked. The report also covered new BTC purchases by Strive, BitMine’s separate purchase of 1 BTC, BSTR Holdings’ decision to terminate its merger agreement with Cantor Equity Partners, Super League’s first ATM financing round, SharpLink Gaming’s latest ETH staking move, Solmate Infrastructure’s additional SOL purchase, and updates from AIxCrypto, Eightco Holdings, Bitdeer and Hyperliquid Strategies.

A plan backed by Adam Back for BSTR to go public through Cantor Equity Partners I and become a Bitcoin treasury company has been terminated, according to a post from Bitcoin News on X cited by Odaily. The update did not provide additional reasons for the termination, but it did outline payment obligations tied to the arrangement. Under the disclosed terms, BSTR Holdings must pay $10 million to Cantor Equity Partners I by Sept. 19 and another $5 million by Dec. 1. If those payments are not made, Blockstream Capital Partners could be asked to make them instead. The brief disclosure focuses on the end of the SPAC-related plan and the deadlines that now face BSTR Holdings.

BSTR Holdings, a bitcoin treasury company, said it has agreed with Cantor Equity Partners to terminate the business combination agreement the two sides signed on July 16, 2025. The company said the decision was driven by current market conditions, with valuations for bitcoin and publicly listed bitcoin treasury companies remaining under pressure. According to BSTR, that has created a mismatch in capital markets and limited the amplifying effect that financing tools such as convertible bonds and perpetual preferred stock can have within its bitcoin treasury strategy. Even so, BSTR said it still plans to move ahead with its institutional-grade bitcoin asset management business once market conditions stabilize. The update was cited by Businesswire.

MoonPay has added Cash App Pay as a payment option for crypto purchases, giving eligible US customers another way to fund transactions with balances already held in the mobile payments app. The integration is available through MoonPay’s own checkout and selected partners, including Trust Wallet, MetaMask, Ledger, Uniswap and others. MoonPay said the move lets users buy crypto without switching apps or logging in again. The company now supports Cash App, PayPal and Venmo, after adding PayPal in 2024 and later expanding to Venmo. Cash App, operated by Block, already lets users buy and sell Bitcoin in-app and had 59 million active users in June, according to Block’s second-quarter shareholder report. MoonPay co-founder and CEO Ivan Soto-Wright said the integration gives tens of millions of Americans access to the digital asset ecosystem through an app they already know and trust. The company also noted its New York and EU regulatory authorizations, while continuing to expand beyond fiat-to-crypto onramps through acquisitions in 2026.

Public companies holding bitcoin on their balance sheets recorded a net weekly sale of $15.92 million as of 8 a.m. ET on July 27, 2026, according to SoSoValue, in a sign that treasury allocation activity remained subdued. Total bitcoin held by listed companies excluding miners slipped to 1,139,480 BTC, down 0.02% from a week earlier, with an estimated market value of $74.16 billion, or 5.7% of bitcoin’s circulating market capitalization. Strategy and Japan-listed Metaplanet did not add to their BTC positions last week. Strategy instead sold about 5.43 million MSTR shares between July 20 and July 26, generating net proceeds of $544.5 million, and spent $25 million to repurchase 288,930 shares of STRC preferred stock. KULR sold 333 BTC at $64,538, Strive bought 79 BTC for $5.19 million, and OrangeBTC bought 6 BTC for $394,500. The report also tracked broader shifts in crypto treasury strategy. Metaplanet acquired Siiibo Securities and is said to be aiming at a bitcoin-backed fixed-income market in Japan. KULR used BTC sale proceeds to repay a $20 million Coinbase credit line. Empery Digital invested $20 million in AI data center developer Cardinal Data Power. On the ETH side, Bitmine Immersion Technologies added 9,946 ETH over the past week and repurchased 6.1 million common shares, lifting its ETH holdings to 5.7874 million ETH, about 4.8% of Ethereum’s total supply.

A growing list of public companies that once embraced the bitcoin treasury model are now selling BTC, paying down debt and reworking their balance-sheet strategies after sharp declines in both bitcoin and their own share prices. CoinDesk reports that Strategy, Satsuma Technology, Smarter Web Company, Sequans Communications, Nakamoto and Empery Digital have all sold bitcoin for purposes ranging from debt repayment and operating needs to stock buybacks and cash preservation. Crypto miners including MARA Holdings and Bitdeer are also reducing holdings, using proceeds to repay or repurchase debt while shifting energy and computing capacity toward AI data centers. The pressure extends beyond asset sales. Leadership turnover at Twenty One Capital and the collapse of Bitcoin Standard Treasury Company’s proposed merger point to broader strain across the digital-asset treasury sector. Even so, Strategy remains the largest public bitcoin holder with more than 840,000 BTC, and CEO Michael Sayler said limited sales would not amount to a broad exit plan.

Bitcoin treasury firm BSTR will not complete its SPAC merger with Cantor Equity Partners I under the original terms and is now discussing a revised structure.

JAN3 CEO Samson Mow proposes a $1.5B OTC trade where Strategy sells 25,000 BTC to BSTR for cash, boosting Strategy's dollar reserves and making BSTR the second-largest corporate Bitcoin holder, but challenging the 'never sell' creed.