The Bitcoin rally lost the momentum in August, and the slowing of corporate accumulation could explain why.
Treasury’s tracked entities added 47,718 BTC last month ($ 5.2 billion)down from more than 100,000 BTC in July, according to the latest Bitcoin Treasury’s adoption report. Which brought total handling of public companies, private companies, government and ETF to 3.68 million BTC, worth $ 400 billion at the end of the month. The monthly increase of 1.2% is weaker than 4.6% of July.
Avoiding BTC acquisitions of corporate entities can offer an explanation for the BTC rally for $ 123,000 unobtrusive. Bitcoin hit An all-time high in mid-August, but fell to more than 11.5% by the end of the month to sit below $ 109,000.
The slowness came across the aggressive announcements of fundraising. More than $ 15 billion in increasing equity is structured by treasury companies including approach (Mstr), Kindly (Turned) and Metaplanet (3350). Those promises have not yet translated the immediate purchase, leaving a gap between the fundraising headlines and the actual impact on the market.
Even at the softer speed, August saw the essential milestones. The company’s public handling crossed the 1 million BTC threshold for the first time, doubling from late 2024, according to the report.
Among individual companies, the Kindlymd health care company has made the second largest month’s purchase including A purchase of 5,744 btc costs $ 679 million. Japan’s metaplanet added 1,859 BTC to four different transactions.
Crypto exchange bullish (Blsh) Also join the rank of treasury after August Ipo. The firm announced that it has held 24,000 BTC since March, worth $ 2.6 billion at the end of August. CEO Tom Farley described the company’s approach as part of an ongoing institutional wave, telling the CNBC it was “felt as investors in the institutional thought it might be a moment.” The exchange company of the exchange Bullish Global is also the owner of CoinDesk.
Despite the high-profile moves, the integrated amount of monitored treasures fell from $ 428 billion from July to $ 400 billion in August as the price of Bitcoin emerged at $ 108,695 by the end of the month.
