Bitcoin’s rally lost momentum in August and that braking business accumulation may explain why.
Tracked Treasury -Units Added 47,718 BTC last month (5.2 billion dollars)down from more than 100,000 BTC in July, according to the latest Bitcoin Treasuries Adoption Report. It brought overall holdings across public companies, private companies, governments and ETFs to 3.68 million BTC, valued at $ 400 billion at the end of the month. The monthly increase of 1.2% was far weaker than July’s 4.6%.
This relief in BTC acquisitions from corporate units could provide an explanation of BTC’s Rally to $ 123,000 not maintained. Bitcoin hit one all the time in mid -August, but fell over 11.5% by the end of the month to sit below $ 109,000.
Despite aggressive fundraising messages. More than 15 billion dollars in equity increases were outlined by Treasury Firms including strategy (Mstr)Friendly (Naka) and metaplanet (3350). These obligations have not yet translated into immediate purchases, leaving a gap between fundraising headlines and actual market impacts.
Even with the softer pace, August saw important milestones. Public Company Holdings crossed the 1 million BTC threshold for the first time and doubled from the end of 2024, according to the report.
Among the individual companies, the health company kindly made the second largest purchase of the month with a 5,744 BTC purchase worth $ 679 million. Japan’s Metaplanet added 1,859 BTC across four different transactions.
Crypto Exchange Bullish (BLSH) Also participate in Treasury Rankings after its IPO in August. The company revealed that it has had 24,000 BTC since March appreciated at $ 2.6 billion in late August. CEO Tom Farley described the company’s strategy as part of an ongoing institutional wave and told CNBC that “it feels like institutional investors believe this could be the moment.” The exchange’s parent company Bullish Global is also the owner of Coindesk.
Despite these high profiled features, the total value of traced treasuries dropped from $ 428 billion in July to $ 400 billion in August, when Bitcoin’s price eased to $ 108,695 by the end of the month.
