Corporate Bitcoin exposure rises as miners outpace AI-linked stocks

Bitcoin’s late‑August rally sparked a shift in corporate crypto strategies, with miners seeing sharp gains while firms added billions of dollars of Bitcoin to their treasuries.

Mining stocks rebound

Bitcoin’s roughly 23% price increase in late August lifted mining equities by as much as 67%, reversing a period when many miners had pivoted toward AI‑related projects. BlocksBridge Consulting noted that miners such as Canaan, American Bitcoin and Cango outperformed AI‑linked infrastructure stocks like CoreWeave, Nebius and IREN.

Corporate treasuries increase Bitcoin holdings

Strive and Strategy expanded their Bitcoin balances in the final week of August. Strive bought 1,800 BTC for about $143 million, raising its total to 23,156 BTC and making it the fifth‑largest publicly traded corporate Bitcoin holder. Strategy acquired 4,603 BTC at an average price of $80,318, bringing its holdings above 845,000 BTC after a series of sales since May.

Stablecoin initiative by major banks

A consortium of 21 financial institutions, including Bank of America, Goldman Sachs and Citi, announced plans to create a new company that will issue a U.S. dollar‑denominated stablecoin in the first half of 2027, with a euro version to follow. The venture aims to serve wholesale, institutional and retail markets for cross‑border payments and digital‑asset settlement, complying with the U.S. GENIUS Act and the EU’s MiCA regulation.

Bitmine’s Ether accumulation

Bitmine continued a 65‑week buying streak for Ether, adding 53,501 ETH and bringing its total to over 5.9 million ETH—about 4.9% of the circulating supply. At an Ether price of $2,511, the holdings are valued near $14.8 billion, though the company carries roughly $5.1 billion in unrealized losses from purchases made during the market downturn.

Drivers behind the rally

• Expansion of U.S. Treasury liquidity supporting share buybacks.
• Renewed regulatory optimism after a White House crypto meeting.
• A short‑squeeze that liquidated more than $1.6 billion in positions.