Opinion: Bitcoin's rally regains market focus, as companies accelerate their accumulation of BTC and ETH.

BlockBeats News, September 5 — The crypto market rebound in late August has driven companies to increase their digital asset allocations. As Bitcoin prices rose, Bitcoin mining firms that had previously pivoted toward AI businesses have once again become high-beta plays on BTC price action, while the balance-sheet strategy of companies directly holding Bitcoin has regained market attention.

Data shows that Bitcoin rose approximately 23% in late August, with some mining firms' stock prices surging between 41% and 67%, outperforming several AI infrastructure companies. Market observers attribute the rally to the U.S. Treasury's expanded bond buyback program, positive signals from the White House on crypto regulation, and the liquidation of over $1.6 billion in short positions, all of which jointly fueled the rise in related assets.

On the corporate accumulation front, Strive purchased 1,800 BTC in the final week of August, spending approximately $143 million, bringing its total holdings to 23,156 BTC and making it the fifth-largest publicly traded company holder of Bitcoin. Meanwhile, Strategy added 4,603 BTC during the same period, pushing its total holdings to over 845,000 BTC.

Separately, 21 major financial institutions, including Bank of America, Goldman Sachs, and Citigroup, plan to establish a new company and launch a U.S. dollar stablecoin in the first half of 2027, with subsequent expansion to other G7 country currencies for cross-border payments and digital asset settlement.

On the Ethereum front, Bitmine has now increased its ETH holdings for 65 consecutive weeks, with its latest position exceeding 5.9 million ETH — representing approximately 4.9% of Ethereum's circulating supply of roughly 120.7 million ETH — putting it just one step away from its 5% holding target. Despite the continued accumulation, the company's current ETH position still faces an unrealized loss of approximately $5.1 billion.