Bitcoin’s late-August rally renewed investor focus on direct corporate cryptocurrency exposure, lifting several mining stocks and prompting fresh treasury purchases by Strive and Strategy. Bitcoin gained roughly 22% to 25% in August, ending near $78,000 to $79,000 after recovering from about $62,000 to $64,000 and briefly topping $81,000. BlocksBridge Consulting said Bitcoin’s roughly 23% late-August rise helped Canaan, American Bitcoin and Cango gain 41% to 67%, outperforming several AI-linked infrastructure companies. Strive bought 1,800 BTC for about $143 million between Aug. 24 and Aug. 28, taking its holdings to 23,156 BTC. Strategy acquired 4,603 BTC at an average price of $80,318, lifting its holdings above 845,000 BTC. Bitmine added 53,501 ETH, extending a 65-week buying streak and bringing its Ether holdings above 5.9 million ETH, or 4.9% of circulating supply, despite roughly $5.1 billion in unrealized losses. Institutional participation also broadened beyond token treasuries. A consortium of 21 financial institutions, including Bank of America, Goldman Sachs and Citi, plans to issue a US dollar stablecoin in the first half of 2027 before expanding to other G7 currencies. The rally was also supported by reported US spot Bitcoin ETF inflows, large-holder accumulation and a short squeeze, while CryptoQuant data showed short-term holders moving from capitulation toward profit-taking and transferring more Bitcoin to exchanges.