Wall Street Crypto Treasuries Resume Large‑Scale Bitcoin and Ethereum Purchases

Three publicly traded crypto‑focused firms – Strive, BitMine and MicroStrategy – reported new purchases of Bitcoin (BTC) and Ethereum (ETH) in the last week of August, marking a renewed buying phase for Wall Street crypto treasuries.

What the Companies Bought

• Strive added 1,800 BTC at an average price of $79,431, bringing its total holdings to 23,156 BTC, valued at roughly $1.83 billion.
• BitMine increased its ETH position by 53,501 ETH, marking the 65th consecutive week of purchases. The firm now holds about 4.9 % of the total ETH supply and has staked 86 % of its ETH through its MAVAN validator network.
• MicroStrategy purchased 4,603 BTC after a ten‑week pause, reporting an average cost of $75,412 per coin.

Market Drivers Behind the Buying Surge

U.S. spot Bitcoin funds recorded inflows exceeding $3.3 billion in August, reversing a $4.5 billion outflow in June. Ether funds saw a similar rebound, adding roughly $1.75 billion after two months of withdrawals. These inflows coincided with price gains of 25.7 % for Bitcoin and 33.3 % for Ether during the month.

Broader Financial Context

• Crypto funds attracted $3.2 billion in inflows last week, the largest weekly intake since October 2025, according to Bank of America.
• The largest Bitcoin ETF, $IBIT, recorded $928 million in inflows last week, following $1.3 billion the week before.
• U.S. market sentiment improved in August, with the Nasdaq‑100 rising 4.2 % after a volatile July.
• Legislative activity includes a pending Senate vote on the CLARITY Act (expected September 15) and an expansion of long‑dated Treasury bond buybacks.

Current Price Levels

Bitcoin traded near $78,818 on the Monday following the disclosures.