1. Bitcoin Market

Bitcoin Price Trend (2025/08/02–2025/08/08)

This week, Bitcoin showed an overall price structure of “high-level correction — bottoming — stepwise rise,” accompanied by macro data and policy disturbances, with market sentiment first suppressed and then revived.

Correction Phase (August 2 – August 3)

After a sharp correction on August 1, the weak trend continued on August 2, falling from around $115,608 steadily down to $112,984. On August 3, selling pressure continued to release, further dipping from around $114,000 to $112,044, marking the week’s low point and triggering a concentrated liquidation of leveraged long positions exceeding $1 billion in the crypto market.
This decline was mainly driven by two factors:

1.U.S. July nonfarm payroll data missed expectations, intensifying market concerns about economic slowdown.
2.The U.S. announced a new round of tariff policies, causing global risk assets to fall synchronously, with crypto assets moving down along with U.S. stocks and commodity markets.

From a technical perspective, the $112,000 level played a key support role, forming a short-term bottom and signaling a halt in the decline.

Recovery Phase (August 3 – August 8)

Volatile Rebound (August 3 – August 5)

Rebounding from the low of $112,044, Bitcoin reached a short-term high of $115,698 on August 5, followed by profit-taking, with the price pulling back to $112,760. However, this low was still higher than the previous correction low, indicating stronger buying support.

Stepwise Rise (August 6 – August 8)

Starting August 6, the price formed a typical “rise — slight pullback — rally again” stepwise upward structure. Each pullback low was higher than the previous one, forming a clear short-term ascending channel. Prices rose successively to $114,161, $115,694, $116,828, and $117,619. At the time of writing on August 8, Bitcoin price remained around $117,553. By the end of the week, Bitcoin had increased compared to the start, with market sentiment significantly recovering from the early correction phase.

Outlook

In the short term, the structure maintains a volatile upward trend with effective support from the ascending channel. If Bitcoin can effectively break through and hold above the $116,000 level, it may challenge the $118,000–$120,000 area. However, macro uncertainties and technical pullback risks should be watched carefully, especially if the $112,000 support line is broken, which could retest the psychological $110,000 level. Key points to monitor include ETF fund inflows/outflows, U.S. CPI and PPI data releases, and policy statements from Federal Reserve officials.

In the long term, despite increased short-term volatility, Bitcoin’s long-term bull market structure remains intact. Positive factors such as a gradually improving regulatory framework, stablecoin scale expansion, and accelerated institutional tokenization efforts still firmly exist. If global risk asset sentiment improves alongside a rebound in net inflows to spot ETFs, Bitcoin is expected to attempt another historic high within the year.

2.Market Dynamics and Macroeconomic Background

Capital Flows

1.Although there was significant outflow pressure from ETFs, signs of subsequent inflows have appeared

Data shows that Bitcoin spot ETFs faced large-scale redemptions during the first two days of this week, creating a phase of downward pressure, but continuous inflows appeared on August 6 and August 7, indicating some relief in selling pressure. The specific daily data are as follows:

• August 4: -$323.5 million (the largest single-day outflow of the week)
• August 5: -$196.2 million (a combined redemption of $196 million from IBIT, FBTC, GBTC on the day, with nearly $100 million outflow from Fidelity’s FBTC)
• August 6: +$91.6 million (temporary capital inflow)
• August 7: +$120.8 million (inflow strength further increased)

ETF inflow/outflow data chart

On a weekly basis, Bitcoin spot ETFs saw a net outflow of approximately $307 million, with the main pressure concentrated at the start of the week, but the inflow trend in the latter half provided some support for sentiment recovery.

It is worth noting that on August 1, Bitcoin spot ETFs recorded a total net outflow of $812 million, the second-highest single-day outflow in history, highlighting extreme risk-averse sentiment at the beginning of the month.

Early-week capital outflows were mainly influenced by the Federal Reserve’s hawkish stance, better-than-expected U.S. employment and GDP data, which boosted the dollar and suppressed risk asset sentiment.

From midweek onwards, capital inflows may be related to Bitcoin prices finding support at technical levels and some institutions bottom-fishing, showing short-term sentiment repair potential.

2.Divergence in Institutional Operations: ETF Issuers Selling vs. Treasury-type Institutions Increasing Holdings

According to Arkham data, ETF issuers such as Fidelity, Grayscale, and BlackRock transferred BTC to exchanges this week, suspected to be for selling operations.

• Fidelity single-day outflow: 2,965 BTC
• BlackRock transferred 2,544 BTC to Coinbase Prime

In contrast, several Bitcoin treasury companies (e.g., Empery Digital, H100, Metaplanet) steadily increased their holdings, reflecting divergent strategies among institution types.

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3.On-Chain Data: Large Holders and Retail Investors Both Increasing Holdings, Market Showing “Buy the Dip” Behavior

Glassnode data shows that in the past 15 days:

• Large holders holding more than 10,000 BTC have increased their positions
• Retail investors holding less than 1 BTC have also significantly increased holdings
• The market is forming a “buying on dips” pattern within the current price range.

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4.OTC Market Supply Tightening, Exchanges May Face Liquidity Pressure

• According to Cointelegraph reports, OTC platform reserves dropped to 155,000 BTC, nearing historic lows.
• Analysts believe that once OTC supply is exhausted, major buyers may turn to exchanges for accumulation, potentially triggering supply shocks that push prices higher.
• Current exchange BTC balance stands at 2.919 million BTC, generating over $1 billion in profit within 24 hours, of which $358 million comes from long-term investors holding for 7–10 years.

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5.MicroStrategy Significantly Increasing Holdings to Bolster Market Confidence

• This week confirmed that MicroStrategy purchased a total of 21,021 BTC from late July to early August at a total cost of about $2.46 billion, bringing its total holdings to 628,791 BTC, ranking first among global corporations.
• In the context of ETF outflows, actions by such steadfast holders inject medium- to long-term confidence into the market.

6.Institutions Increased Holdings by 166,000 BTC in July, Valued at $42.8 Billion

• According to The Block, institutions collectively increased holdings by 166,000 BTC in July, bringing total institutional holdings to 3.64 million BTC (worth approximately $42.8 billion).
• Publicly listed companies contributed significantly, with MicroStrategy alone adding 31,400 BTC.
• During the same period, Ethereum ETFs saw net inflows of about $73.2 million, and assets like Solana also received allocations, showing a strengthening trend in multi-chain asset investments.

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Pressure Early in the Week, Recovery by Weekend, Mid-term Bottoming Signal Strengthened

Short term: Large ETF outflows during the first two days of the week (August 4 and 5 totaling $520 million outflow) indeed reflect market reactions to high interest rates and macro uncertainty, causing phase pressure on prices. However, from August 6 onwards, two consecutive days of inflows (totaling +$212.4 million) indicate some release of selling pressure and signs of short-term sentiment recovery.

Mid term: Continued on-chain and corporate treasury accumulation build a support range below, especially with OTC reserves steadily declining and exchange liquidity tightening, which may cause a supply-demand reversal later to help stabilize and lift prices.

Confidence indicators: Long-term steadfast holders such as MicroStrategy continue to add positions despite ETF outflows, indicating “faith capital” is unaffected by short-term volatility, and the mid- to long-term upward logic remains valid.

Summary

This week’s Bitcoin capital flow shows a two-stage pattern of early pressure followed by stabilization: large-scale ETF redemptions early in the week triggered pressure, but subsequent inflows and on-chain accumulation provided support. Although short-term volatility risks remain, market panic has been partially absorbed; mid-term supply tightening and institutional confidence persist, accumulating momentum for the next upward cycle. The current range may become an important period for value positioning observation.

Technical Indicator Analysis

1.Relative Strength Index (RSI 14)

According to Investing.com data, as of August 8, 2025, Bitcoin’s 14-day Relative Strength Index (RSI) is 58.17, positioned in the neutral-to-bullish range (50–70). This indicates that bullish momentum still dominates the market, but it has not yet entered the overbought zone (>70), leaving some room for further gains in the short term.

2.Moving Average (MA) Analysis

• MA5 (5-day moving average): $116,198
• MA20 (20-day moving average): $118,015
• MA50 (50-day moving average): $112,479
• MA100 (100-day moving average): $103,757
• Current price: $116,819

MA5, MA20, MA50, MA100 data chart

From the moving average arrangement, the price is trading above MA50 and MA100, indicating the medium- to long-term trend remains bullish; however, MA5 has fallen below MA20, suggesting some short-term adjustment pressure. If the price can reclaim and hold above MA20, it will help sustain the upward trend.

3.Key Support and Resistance Levels

• Support: Short-term key support levels are at $116,000 and $115,000, with a core support zone between $113,000 and $115,000. If the price remains above this zone, it will continue to consolidate the short-term bullish structure; if it breaks below $113,000, attention should turn to support at $112,000.
• Resistance: The primary short-term resistance is at $117,000. A break above this level could target $118,000 (also near MA20), and a further breakthrough might challenge the $120,000 mark.

Comprehensive Analysis

Currently, Bitcoin’s price is in a short-term consolidation phase. The RSI shows the market is not overheated, with bulls still having some room to push higher; the moving average system indicates a medium- to long-term bullish trend, but a short-term pullback to test MA20 is possible. Operationally, it is recommended to watch the $113,000–$115,000 support zone and the $117,000–$118,000 breakout opportunity; if a breakout occurs with increased volume, the trend can be followed upward to the $120,000 area. Conversely, if the core support zone is broken, adjustment risks should be guarded against.

Market Sentiment Analysis

Key Sentiment Indicator (Fear & Greed Index)

As of August 8, the Fear & Greed Index stands at 59, positioned at the upper edge of the "Neutral" range, nearing the threshold of mild greed. This indicates that market sentiment is shifting from cautious observation toward a relatively optimistic slight adjustment.

Reviewing this week (August 2–August 7), the daily values of the Fear & Greed Index were: 51 (Neutral), 48 (Neutral leaning Fear), 52 (Neutral), 55 (Neutral leaning Greed), 52 (Neutral), 54 (Neutral). The index stayed within the 48–55 range this week with limited volatility, maintaining a generally mild and stable state. In the short term, the market has not experienced extreme sentiment swings, which partly reflects that investors are waiting for further price signals or macroeconomic stimuli, with sentiment not yet showing a clear directional bias.

Structurally, the index’s low point this week occurred on August 3 (48), possibly related to decreased market trading volume and some release of bearish sentiment that day; the high point appeared on August 5 (55), corresponding to a short-term rebound following Bitcoin’s stabilization at a key support level. Although the index rose to 59 on August 8, it has not yet entered the "Greed" zone, indicating that current market capital inflows are more of a mild probe rather than large-scale sentiment-driven buying.

Overall, the current Fear & Greed Index trend shows characteristics of mild sentiment recovery but insufficient momentum. The short-term bulls and bears appear relatively balanced, and subsequent movement will likely depend more on macroeconomic data, regulatory news, and Bitcoin’s key price level breakthroughs.

Fear & Greed Index data chart

Macroeconomic Background

1.CFTC Proposes Allowing Futures Exchanges to Conduct Spot Crypto Asset Trading

On August 4, the U.S. Commodity Futures Trading Commission (CFTC) announced the launch of the "Listed Spot Crypto Asset Contracts" initiative, permitting spot contract trading of Bitcoin, Ethereum, and other assets on registered futures exchanges (Designated Contract Markets, DCM). The public is invited to submit comments by August 18.
This move is part of the Trump administration’s "Crypto Sprint" plan, aimed at accelerating the implementation of a digital asset regulatory framework, coordinated with the SEC to promote cooperation under "Project Crypto."
The market expects this initiative to enhance compliance and liquidity in the crypto market, benefiting industry development.

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2.Trump Allows Crypto Assets to be Included in 401(k) Retirement Accounts

On August 7, Trump signed an executive order authorizing the inclusion of cryptocurrencies, private equity, real estate, and other alternative assets in 401(k) and similar retirement accounts. The Department of Labor and SEC will review relevant regulations to expand investment options.
The market reacted positively, driving Bitcoin and other crypto assets to rebound: Bitcoin rose about 2–4.5% that day, breaking above $116,000.

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3.Dollar Weakness and Increased Rate Cut Expectations

Due to recent weak labor market data and the Trump administration’s influence on Federal Reserve personnel, the market widely expects the Fed to cut interest rates in September. The U.S. dollar index came under pressure and declined, supporting risk assets such as gold and cryptocurrencies.
This macro environment is driving Bitcoin and similar assets to oscillate higher.

4.Trump Nominates Crypto-Friendly Candidate to Federal Reserve Board

On August 7, Trump nominated economist Stephen Miran, a supporter of crypto assets, to the Federal Reserve Board, strengthening market expectations for looser monetary policy and greater support for digital assets.
This news boosted Bitcoin prices in the short term by about 2%, briefly surpassing $117,500.

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3. Hashrate Changes

Within this week, the Bitcoin network hashrate experienced a fluctuating trend of "rising—falling—rising again." From August 2 to 3, the hashrate remained stable overall in the range of 900 EH/s to 1 ZH/s, indicating strong support levels in network computing power. On August 4, the network computing power significantly increased, reaching the week's highest point at 1.2048 ZH/s, reflecting miners actively increasing their deployment of hashrate. Subsequently, on August 5, the hashrate quickly retraced to around 900 EH/s. From August 6 to 8, the hashrate gradually recovered from the week's low of 832.81 EH/s, rising to 1.0901 ZH/s by midday on August 7, showing strong recovery momentum. On August 8, the hashrate slightly pulled back to 996.67 EH/s, with fluctuations converging, and the network computing power overall remained at a high level.

Weekly Bitcoin Network Hashrate Data

Looking at the data over the past six months, the Bitcoin network hashrate shows a steady upward trend, reflecting miners' confidence in the network’s future prospects. Since late June 2025, the amplitude of hashrate fluctuations has increased, which may be closely related to global energy price volatility, mining equipment upgrades, and geopolitical events. Since early 2025, the hashrate has steadily climbed from the 700–900 EH/s range, gradually stabilizing at the 900–1000 EH/s level, with multiple breakthroughs of the key psychological barrier of 1 ZH/s, highlighting significant improvements in network security and miner participation.

Six-Month Bitcoin Network Hashrate Data

From an annual perspective, the growth in hashrate is especially notable. In August 2024, the Bitcoin network hashrate was roughly in the range of 550 EH/s to 700 EH/s, whereas currently it has stabilized between 900 EH/s and 1.1 ZH/s. This reflects significant technological upgrades in the Bitcoin mining industry and increased scale expansion by miners, further consolidating the security protection of the Bitcoin network. Continuous growth in hashrate typically indicates enhanced network resilience against potential attacks and also shows miners’ optimistic expectations for mining profitability.

Annual Bitcoin Network Hashrate Data

4. Mining Revenue

Weekly Overview of Bitcoin Mining Revenue

According to YCharts data, over the past week (August 2 to August 7, 2025), the daily total revenue of Bitcoin miners (including block rewards and transaction fees) fluctuated between $52.22 million and $63.22 million, with specific figures as follows:

• August 2: $52.63 million
• August 3: $58.46 million
• August 4: $63.22 million
• August 5: $49.66 million
• August 6: $52.22 million
• August 7: $59.67 million

Overall, miner revenue showed narrow fluctuations within the range, reflecting stable support for mining profitability from the current Bitcoin price and on-chain transaction activity.

Unit Hashrate Revenue (Hashprice) Analysis

As of August 8, 2025, Hashrate Index data shows Hashprice at $58.08 per PH/s/day, a slight increase compared to the same period last week. Multidimensional performance is as follows:

• Monthly range: positioned in the lower range of the past 30 days;
• Quarterly range: at the median level of the past three months;
• Annual range: still at a relatively high position for the year, indicating unit hashrate revenue remains relatively strong.

Hashprice Data

July Monthly Mining Revenue Review

According to The Block data, total Bitcoin miner revenue in July 2025 was approximately $1.66 billion, a 19.4% increase compared to May 2024 ($1.39 billion), setting the highest monthly mining revenue since the April 2024 halving, mainly benefiting from:

• Bitcoin price stabilized at a high level;
• Active block transactions and increased fee income;
• Network hashrate fluctuations providing some miners short-term excess revenue opportunities.

Bitcoin Miner Monthly Revenue Data

JPMorgan’s View

According to CoinDesk reports, JPMorgan (JPM) released a research report on August 1 pointing out that Bitcoin mining profitability in July 2025 reached the highest level since the halving, reflecting the ongoing resilience of the current mining economy.

Key data are as follows:

• Unit hashrate revenue: daily block reward income per EH/s was $57,400, up 4% from June;
• Profit comparison: despite noticeable recovery, unit revenue and gross profit remain 43% and 50% lower respectively compared to pre-halving levels;
• Network hashrate: monthly average of 899 EH/s, up 4% from June;
• Mining difficulty: increased by 9% at the end of July, 48% higher than pre-halving;
• Miner performance: among 13 US-listed miners tracked by JPM, 10 outperformed Bitcoin, with the best performer Argo Blockchain (ARBK) up 66% and the worst Core Scientific (CORZ) down 21%.

Summary

Although Hashprice has shown short-term fluctuations recently, overall miner revenue remains high, with July revenue setting a post-halving new high. This reflects the combined support from market price, fees, and network hashrate sustaining mining profitability. Future focus should be placed on Bitcoin price trends, mining difficulty adjustments, and the impact of extreme weather on hashrate stability.

5. Energy Costs and Mining Efficiency

According to CloverPool data, as of August 8, 2025, Bitcoin’s total network hashrate reached 966.44 EH/s, with a mining difficulty of 127.62T. The next difficulty adjustment is expected to occur on August 9, 2025, with an estimated increase of approximately 2.03%, bringing the difficulty to an expected 130.21T. This indicates that Bitcoin network hashrate remains at a high level, miner competition is intense, and the network’s security and stability are steadily improving.

Bitcoin Mining Difficulty Data

From the perspective of mining costs, based on the latest MacroMicro model estimates, as of August 6, 2025, Bitcoin’s unit production cost was approximately $91,781.52, while the spot price at the same time was $115,028.00, resulting in a Mining Cost-to-Price Ratio of 0.80. This shows that miners on average still have about 20% gross margin. This data indicates that the current Bitcoin price not only covers miners’ energy and hardware depreciation costs but also leaves a certain profit margin.

Meanwhile, the on-chain indicator Puell Multiple remains in the range of 1.30–1.32. The Puell Multiple compares the daily Bitcoin issuance value to its annual average issuance value and is used to measure miner profitability and market overheating. The current level shows miners’ profitability is relatively healthy, not reaching the historical overheating peak, but maintaining a moderate profitability range, supporting miners’ willingness to continue mining.

Total Mining Cost per Bitcoin Data

Overall, the Bitcoin mining ecosystem currently maintains a good profitability state. Miners, facing continuously rising hashrate and difficulty adjustments, rely on technological upgrades and energy structure optimization to maintain high mining efficiency. In general, Bitcoin network security continues to strengthen, while the balance between mining cost control and profit margin will be an important factor influencing future market dynamics.

6. Policy and Regulatory News

Indonesian Vice President’s Office Explores Possibility of Bitcoin as National Reserve
On August 5, according to Bitcoin Magazine, the Indonesian Vice President’s Office has invited members of the Bitcoin community to discuss the possibility of adopting Bitcoin as a national reserve asset.

White House Report Recommends Bitcoin Miners Be Taxed Only Upon Sale to Avoid Double Taxation
On August 5, according to The Block, the U.S. White House Digital Assets Task Force suggested in a 168-page report that the IRS clarify the timing of taxation on Bitcoin mining income, or shift taxation to the point of sale, to avoid double taxation of “mining income tax + capital gains tax on sale.”
BitFuFu CEO Leo Lu stated that this move could significantly reduce miners’ tax burdens and accelerate Bitcoin’s mass adoption. Similar deferred taxation proposals, such as bill H.R.8149, have already been introduced in Congress.

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Brazil to Discuss Issues Related to Establishing a Bitcoin Strategic Reserve
On August 5, according to CoinDesk, Brazil will hold a public hearing on August 20 to discuss issues related to establishing a Bitcoin strategic reserve.

7. Mining News

Bitcoin Miners Sold Over 3,000 Bitcoins in the Past Two Weeks
On August 3, according to @ali_charts, Bitcoin miners collectively sold over 3,000 bitcoins in the past two weeks. As of August 1, miners’ bitcoin holdings decreased from 1.8098 million on July 16 to 1.80698 million.

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French Right-Wing Party National Rally Plans Bill to Use Excess Nuclear Power for Bitcoin Mining
On August 4, according to Le Monde, the far-right French party National Rally (Rassemblement National) is preparing to draft a bill proposing to use excess electricity from nuclear power plants for Bitcoin mining. In 2016, the party’s presidential candidate Marine Le Pen stated she wanted to ban virtual currencies including Bitcoin, arguing they were products manipulated by the “elite” and “Wall Street banking lobby.”

Opinion: Trump Tariffs Squeeze U.S. Bitcoin Miners, Growth Slowdown Expected
On August 6, according to The Block, Luxor Technology COO Ethan Vera said that after the White House imposed high reciprocal tariffs on Bitcoin mining machines from Southeast Asia, U.S. Bitcoin miners are preparing for slower growth. The new tariff rates will take effect on August 7, imposing a 19% reciprocal tariff on ASIC miners from Indonesia, Malaysia, and Thailand, raising total import tariffs to 21.6% for these countries.
Tariffs have led to reduced U.S. customer demand, with mining machines diverted to countries with looser import policies such as Canada. With a 21.6% tariff, the U.S. has become one of the least competitive regions for importing mining machines, and miners are considering expanding in Canada and other markets. Ethan Vera expects that if tariffs fully disrupt the industry supply chain, Russia will become a main beneficiary, global mining hash rate distribution will be reshaped, and U.S. growth will slow.

UK Oil and Gas Companies Union Jack Oil and Reabold Resources Plan to Use Idle Natural Gas for Bitcoin Mining
On August 7, UK oil and gas companies Union Jack Oil and Reabold Resources plan to use idle natural gas from West Newton via 360 Energy for Bitcoin mining.
Union Jack Oil regards this as an important future Bitcoin capital strategy to optimize asset value. Reabold Resources focuses on achieving higher investment returns through Bitcoin mining rather than direct Bitcoin purchases, aiming to enhance the economic benefits of its PEDL183 license project.

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Bitcoin Mining Company Greenidge Sells Mississippi Mine for $3.9 Million
On August 7, according to The Block, Nasdaq-listed miner Greenidge Generation announced the sale of its Bitcoin mining facility in Mississippi for about $3.9 million to a U.S. peer affiliated with LM Funding America.
The sale includes the site, some contracts, and mining equipment, but excludes existing hosted miners and nearby warehouses. Greenidge, under financial pressure due to debt expansion in 2021 and Trump’s recent tariff policies, decided to sell the asset. The transaction is expected to complete before September 16.

8.Bitcoin Related News

Summary of Bitcoin Accumulation This Week: Countries, Public Companies, and Mining Firms Increasing Holdings

1.DevvStream Launches Crypto Asset Allocation, Purchases Bitcoin and Solana
On August 1, Nasdaq-listed company DevvStream (DEVS) announced the launch of a cryptocurrency asset allocation strategy, allocating $10 million from a $300 million convertible bond to purchase Bitcoin and Solana for the first time, officially entering the crypto asset space.

2.South Korea’s Bitmax Increases BTC Holdings by 56, Surpasses 500 BTC
On August 2, South Korea’s KOSDAQ-listed company Bitmax announced an increase of 56.0445 Bitcoins, bringing its total holdings to 500.123 BTC, making it the largest Bitcoin holder among South Korean listed companies, and stating it will continue to advance its Bitcoin reserve strategy.

3.El Salvador Adds 7 BTC in One Week, Total Holdings Rise to 6,258.18 BTC
As of August 4, the Salvadoran government increased its Bitcoin holdings by 7 BTC over one week, bringing total holdings to 6,258.18 BTC, valued at approximately $718 million, continuing its national-level Bitcoin reserve policy.

4.Thailand’s RSXYZ Company Bitcoin Holdings Increase to 50 BTC
On August 4, Thailand-listed company RSXYZ announced it purchased over 31 BTC in July, raising its total holdings to 50 BTC as part of its long-term digital asset allocation.

5.Japan’s Metaplanet Increases BTC Holdings by 463, Total Reaches 17,595 BTC
On August 4, Japanese listed company Metaplanet announced an increase of 463 Bitcoins, with total holdings now at 17,595 BTC, maintaining its position among the top Bitcoin reserves in Asian enterprises.

6.London’s The Smarter Web Company Raises $10.75 Million for BTC Purchase
On August 4, UK tech company The Smarter Web Company announced a $10.75 million (approximately €8.1 million) capital increase to purchase Bitcoin and optimize its asset structure.

7.Japan’s Convano Holdings Rise to 165 BTC, Plans to Exceed 20,000 BTC
On August 4, Japanese nail chain Convano disclosed its current Bitcoin holdings are about 165 BTC, with plans to accumulate 21,000 BTC by 2027 and has already launched a $13.54 million fundraising for further accumulation.

8.Spain’s Vanadi Coffee Adds 7 BTC, Total Holdings Increase to 85 BTC
On August 4, Spanish coffee chain Vanadi Coffee announced an additional 7 Bitcoins, raising total holdings to 85 BTC, steadily implementing its digital asset reserve strategy.

9.US Nasdaq-listed Sequans Increases BTC Holdings by 85, Total Surpasses 3,100 BTC
On August 4, Nasdaq-listed Sequans announced an increase of 85 Bitcoins, bringing total holdings to 3,157 BTC, further consolidating its leading position in Bitcoin asset allocation.

10.Sweden’s Goobit Group Launches BTC Reserve Strategy
On August 4, Swedish crypto service provider Goobit Group (BTCX) officially launched a Bitcoin reserve strategy; its first round of directed share issuance was oversubscribed, marking a full embrace of crypto assets in its corporate asset allocation.

11.Strategy Buys Over 20,000 BTC with More Than $2.4 Billion Investment
Between late July and early August, Strategy spent approximately $2.46 billion to purchase 21,021 Bitcoins, becoming one of the largest institutional buyers in the recent crypto market.

12.Canada’s Mogo Sells Stock to Buy Bitcoin, Holdings Increase to $2 Million
On August 4, Canadian digital finance platform Mogo announced the sale of $13.8 million worth of WonderFi shares, using part of the proceeds to increase Bitcoin investment, bringing its BTC holdings to about $2 million.

13.US-listed Unitronix Corp Adds 5.5 BTC, Plans Bitcoin Mining Cooperation
On August 5, US-listed Unitronix Corp announced it purchased 5.5 Bitcoins for over $600,000 and revealed plans for strategic Bitcoin mining cooperation, aiming to use Bitcoin as a long-term hedge asset.

14.France’s Capital B Continues Increasing BTC Holdings to 2,075 BTC
Earlier, on August 4, European listed company Capital B announced raising $13.3 million to increase Bitcoin holdings, expanding its crypto asset allocation. On August 5, it purchased an additional 62 BTC, raising total holdings to 2,075 BTC, further strengthening its Bitcoin investment.

15.Robin Energy Invests $3 Million in BTC
On August 5, international energy transport company Robin Energy announced it completed a $3 million Bitcoin purchase through Anchorage Digital Bank, marking its first board-approved crypto investment.

16.Exodus Movement Increased BTC Holdings by 29 in July, Total 2,087 BTC
On August 5, crypto wallet provider Exodus Movement announced a July increase of 29 Bitcoins, bringing total holdings to 2,087 BTC as of July 31.

17.Biopharmaceutical Company Silo Pharma Launches Crypto Fund Management Strategy
On August 5, biopharmaceutical company Silo Pharma (Nasdaq: SILO) announced a crypto fund management strategy and appointed crypto infrastructure expert Corwin Yu as the first member of its Cryptocurrency Advisory Board. The strategy will focus on major digital assets such as Bitcoin, Ethereum, and SOL.

18.Michigan Pension Fund Increased Ark Bitcoin ETF Holdings in Q2, Value About $10.7 Million
On August 5, according to a filing with the US Securities and Exchange Commission (SEC), Michigan’s pension fund held 300,000 shares of the Ark 21 Shares Bitcoin ETF (ARKB) as of June 30, valued at about $10.7 million, up from 100,000 shares reported on March 31.

19.UK-listed Vaultz Capital Adds 47.85 BTC, Total Holdings Reach 117.85 BTC
On August 6, UK-listed Vaultz Capital purchased 47.85 Bitcoins, raising total BTC holdings to 117.85.

20.Sweden’s H100 Group Continues Increasing BTC Investment
Earlier on August 4, Swedish listed company H100 Group announced raising 21.2 million SEK (approximately $2.2 million) to expand Bitcoin holdings and strengthen digital asset investment. On August 6, H100 Group purchased an additional 60.6 BTC, with total holdings rising to 732.2 BTC.

21.Satsuma Raises $218 Million, Partly in BTC
UK-listed Satsuma Technology raised $217.6 million, exceeding its target, with investors including ParaFi, Pantera, DCG, Kraken, among others. Part of the funding was subscribed in 1,097 Bitcoins, with current holdings around 1,125.85 BTC.

22.ZOOZ Power Completes $5 Million Private Placement to Build Bitcoin Reserve
Nasdaq/Tel Aviv-listed ZOOZ Power completed its first $5 million private placement, planning to allocate 95% of funds to build a Bitcoin reserve, becoming the first company listed on both Nasdaq and Tel Aviv to adopt a BTC reserve.

23.Parataxis Plans to Merge with SilverBox to Create Bitcoin Treasury Company
Parataxis Holdings will merge with SPAC SilverBox Corp IV, aiming to raise $640 million to establish a BTC treasury company, expected to list on the NYSE under ticker PRTX. The merged entity plans to immediately deploy $31 million to purchase Bitcoin.

24.Trivest Advisors Holds Over $90 Million in IBIT Shares
Hong Kong asset manager Trivest Advisors disclosed holdings exceeding $90 million in BlackRock’s Bitcoin spot ETF (IBIT), signaling continued Asian institutional interest in BTC assets.

25.Delin Holdings Plans to Raise HK$653 Million for Blockchain Business Development
Hong Kong-listed Delin Holdings (01709.HK) plans to raise about HK$653.3 million via placement and subscription, funding projects including RWA tokenization (30%), Bitcoin mining and reserves (15%), and licensed virtual asset business in Hong Kong (7%).

26.ANAP Increases BTC Holdings by 82.33, Total Now 913.45 BTC
Japanese fashion brand ANAP Holdings added 82.33 Bitcoins, with total holdings now 913.45 BTC, continuing to expand BTC asset allocation.

27.ECR Minerals Adopts Bitcoin Treasury Strategy
UK mining company ECR Minerals (LON:ECR) announced it will hold digital asset reserves through its subsidiaries and allocate up to 50% of free cash flow and surplus cash from gold production for long-term Bitcoin purchases, with part of the funds potentially invested in income-generating digital assets like Ethereum.

28.DL Holdings Plans to Raise $83.2 Million to Increase Blockchain Investment
Hong Kong-listed financial group DL Holdings is raising approximately $83.2 million through a rights issue, focusing on RWA tokenization (30%), Bitcoin mining (15%), and digital asset license applications (7%) among other blockchain and crypto asset businesses.

VanEck CEO: Bitcoin Is Digital Gold
On August 2, the CEO of VanEck stated live on Bloomberg TV: "Bitcoin is digital gold." The company currently manages assets totaling $133 billion.

Michael Saylor: Bitcoin Is a Trading Asset in the Short Term, a Treasury Asset in the Long Term
On August 3, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), posted on the X platform saying: In the short term, Bitcoin is a trading asset. But in the long term, it will be a treasury asset. Bitcoin is a swarm of network hornets serving the goddess of wisdom, feeding on the fire of truth, growing exponentially behind the crypto energy wall, becoming smarter, faster, and stronger.

Opinion: Bitcoin Treasury Companies Are a “Rational” Response to the U.S. Government’s $37 Trillion Debt Devaluation
On August 4, according to Daily Hodl, macro expert Luke Gromen said the rise of Bitcoin treasury companies is a rational response to the U.S. government’s continuous dollar devaluation. In his latest YouTube video update, Gromen pointed out that investors are reacting to a massive financial bubble that has shifted from stocks, banks, and real estate markets to the government bond market.
He believes the only way for the U.S. government to maintain the bubble is by inflating its debt rather than facing default or severe recession to restore fiscal health. In light of this reality, many companies are reasonably creating shareholder value by leveraging Bitcoin’s strict supply cap.

Author of “Rich Dad Poor Dad”: If Bitcoin Drops Below $90,000 Due to the “August Curse,” I Will Double Down
On August 4, Robert Kiyosaki, author of "Rich Dad Poor Dad," posted that if the "Bitcoin August effect" causes Bitcoin’s price to fall below $90,000, he will choose to double his current holdings.
He pointed out that Bitcoin’s real challenges do not come from itself, but rather from the U.S.’s trillion-dollar debt level and the Federal Reserve’s policy management.

CZ: Global Crypto Race Is Coming, Countries Delaying Adoption Will Be Forced to Buy at Higher Prices
On August 5, in an interview, CZ stated that the global race for Bitcoin and cryptocurrencies is expected to arrive soon, and countries that delay adoption will be forced to buy at higher prices.

Michael Saylor: The Most Important Investment Advice I Ever Received Was “Buy Bitcoin”
On August 6, Strategy founder Michael Saylor responded to a community question about the most important investment advice he received by saying: Buy Bitcoin.

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Bitwise CIO: Institutions and Governments Are Discussing Adding Bitcoin to Reserves, Signaling Early Stage of Exponential Demand Growth
On August 6, according to Cointelegraph, Bitwise CIO Matt Hougan said institutions and governments are discussing adding Bitcoin to their reserves, marking the early stage of exponential demand growth.

U.S. Vice President: I Am a Bitcoin Holder
On August 7, U.S. Vice President JD Vance stated: “I am a Bitcoin holder... It is a means of transaction and store of value in the modern digital era.”

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Trump: The U.S. Government Has Long Violated Bitcoin Holders’ Fundamental Principle to Never Sell Their Bitcoin
On August 7, according to BTC_Archive, Trump said: “For a long time, our government has violated a fundamental principle that every Bitcoin holder remembers: Never sell your Bitcoin.”

Sheetz Announces 50% Discount for Payments Made with Bitcoin and Cryptocurrencies
On August 7, according to BitcoinMagazine, U.S. gas station giant Sheetz announced a 50% discount for payments made with Bitcoin and cryptocurrencies, and the offer is valid “every day.”