Crypto Biz: Bitcoin Rally Revives Miners as Strategy and Strive Buy More BTC
Ecosystem
- DOGE: $0.08488 (4.27%)
- TRX: $0.3313 (0.05%)
- LINK: $11.67 (1.96%)
- ZEC: $1,021.44 (6.87%)
- ADA: $0.2126 (4.86%)
- XRP: $1.40 (4.57%)
- ETH: $2,453.60 (2.19%)
- BTC: $79,783.78 (2.18%)
- XMR: $527.50 (0.31%)
- BNB: $718.93 (0.76%)
- XLM: $0.1795 (3.72%)
- SOL: $101.79 (3.13%)
- HYPE: $84.27 (1.30%)
Written by Sam Bourgi, staff writer; Reviewed by Robert Lakin, staff editor
Crypto Biz: AI Took a Back Seat When Bitcoin Started Climbing
Latest News
Published: Sep 4, 2026
Corporate crypto bets are getting bigger as rising markets reward direct exposure…
Bitcoin Rally Puts Miners Back in the Spotlight
Bitcoin’s August rally lifted mining stocks by up to 67%, reversing a trend that had favored miners pivoting to AI. This highlights the sector’s sensitivity to BTC market conditions.
- BlocksBridge Consulting noted that Bitcoin’s 23% surge in late August outpaced most AI-linked infrastructure stocks. Mining companies like Canaan, American Bitcoin, and Cango gained between 41% and 67%, while others with AI exposure were flat or declined.
The rally was driven by:
- US Treasury liquidity support through buybacks
- Renewed regulatory optimism after a White House crypto meeting
- A sharp short squeeze liquidating over $1.6 billion in positions.
Strive and Strategy Add to Bitcoin Holdings as BTC Rallies
- Strive bought 1,800 BTC for approximately $143 million between Aug. 24 and 28, lifting its holdings to 23,156 BTC.
- Strategy acquired 4,603 BTC at an average price of $80,318, bringing its total holdings above 845,000 BTC since May.
21 Financial Institutions Plan a G7 Stablecoin Venture for 2027
A group of 21 major financial institutions, including Bank of America, Goldman Sachs, and Citi, plans to establish a company to develop and issue stablecoins, targeting wholesale, institutional, and retail markets for cross-border payments and digital asset settlement. They aim to launch a US dollar-denominated stablecoin in the first half of 2027, followed by other G7 currencies.