In a week of significant developments in the crypto space, the trend of corporate Bitcoin acquisitions continues to solidify, with Strategy Inc. purchasing an additional 1,955 Bitcoin for $217.4 million. This move, following the company's exclusion from the S&P 500 index, aligns with the global trend of corporations investing in Bitcoin as a strategic asset.
Meanwhile, Robinhood's inclusion in the S&P 500 signals a maturing fintech sector that includes crypto in its product mix. The decision to exclude MicroStrategy, despite its significant Bitcoin holdings, suggests that the S&P still values operating cash flows and business diversification, implying that for investors seeking crypto exposure, it may be more beneficial to build a business that uses crypto rather than simply storing it.
Institutional interest in Ethereum is also evident, with BitMine surpassing 2 million Ethereum holdings and investing $20 million in Worldcoin treasury. This move aligns with the growing adoption of blockchain on Wall Street and the rise of artificial intelligence, indicating a strategic shift towards Ethereum as a cornerstone of future financial markets.
However, the lack of native yield in Ethereum ETFs is testing investor conviction, with a significant pullback of about $1 billion in net outflows. The landscape could change significantly if the SEC approves staking within U.S. spot Ethereum ETFs, potentially boosting institutional inflows and liquidity.
Finally, CoinShares' plan to go public on the Nasdaq through a $1.2 billion business combination signals the company's push for international growth and leadership in the digital asset management space. This move, along with Fidelity's launch of the tokenized FDIT, highlights the integration of blockchain technology into the traditional finance sector, improving liquidity, transparency, and operational efficiency.
Overall, these developments underscore the growing institutional interest in crypto assets and the strategic role they play in corporate treasury management. However, the regulatory landscape and market structure continue to evolve, posing challenges and opportunities for legal and financial professionals in the Web3 space.
The following article summaries have been sourced from Decrypt, CryptoSlate, NewsBTC, and Crypto Briefing. Each summary includes a direct link to the original source.
Strategy Inc., previously known as MicroStrategy, has purchased an additional 1,955 Bitcoin (BTC) for $217.4 million, at an average price of $111,196 per coin. This acquisition comes on the heels of the company's exclusion from the S&P 500 index, despite strong Q2 results. The company now holds a total of 638,460 BTC, valued at approximately $71.5 billion, solidifying its position as the world's largest public corporate Bitcoin holder. Despite the S&P 500 snub, Bitcoin has shown resilience by maintaining levels above $110,000.
The recent purchase, funded through the company's at-the-market offering programs, has resulted in a "BTC Yield of 25.8% YTD 2025" for shareholders. This move aligns with a global trend of corporate Bitcoin acquisitions, with Japan's Metaplanet Inc. also announcing the purchase of 136 BTC for $15.2 million on Monday. El Salvador, marking the fourth anniversary of its Bitcoin legal tender law, continued its daily Bitcoin accumulation strategy by purchasing 21 BTC on Sunday. As Bitcoin treasury companies continue to grow their holdings, they are expected to provide a strong buying base for the asset.
Robinhood, the popular trading platform, is set to join the S&P 500 at the upcoming quarterly rebalance, according to S&P Dow Jones Indices. This news caused Robinhood shares to surge by 7%. The platform's inclusion in the S&P 500 is seen as a validation of a maturing, retail-first fintech that includes crypto in its product mix. This move brings another crypto-adjacent revenue stream directly into America's most-watched benchmark without making a call on any single token.
On the other hand, MicroStrategy, despite meeting all the requirements, was not included in this cycle. The decision suggests that the S&P still values operating cash flows and business diversification when choosing members. This implies that for investors seeking crypto exposure within the index, it is more beneficial to build a business that uses crypto, rather than simply storing it. MicroStrategy's recent price drop of 16% this month, in contrast to Bitcoin's 3% decline, may not have helped its case. In other crypto news, most major cryptocurrencies are in the green, with SOL leading the way. BTC is at $111,800, ETH is even at $4,300, XRP is up 4% at $2.94, and SOL is up 5% at $214. The ETH ETFs saw one of their largest outflow days ever on Friday, with $444M in net outflows. The Senate Banking Committee has finalized an updated market-structure bill draft, targeting late-September consideration. Chainlink's CEO highlighted the accelerating tokenization after meeting with SEC Chair Atkins, focusing on policy for on-chain assets. The SEC and CFTC are considering 24/7 financial markets to align with crypto's round-the-clock trading.
The interest in Bitcoin, as indicated by Google search volume, has dropped to an 11-month low, coinciding with a record-breaking surge in gold. Google Trends data reveals that the search interest for Bitcoin has dipped to levels last seen in October 2024, despite strong institutional ETF flows in early 2025. This trend reflects a shift in investor psychology towards safety over speculation amid macroeconomic uncertainty, according to Derek Lim, head of research at Caladan. Meanwhile, gold has seen a 38% increase since the start of 2025, compared to Bitcoin's 18%.
Analysts have noted a pattern where gold rallies often precede significant moves in Bitcoin. Lawrence Lepard, co-founder of Equity Management Associates LLC, and Matthew Sigel, VanEck’s head of digital asset research, both suggest that every gold rally sparks a similar pattern where Bitcoin eventually breaks out bigger. Experts are cautiously optimistic about this lead-lag pattern continuing if macroeconomic catalysts align. They identify factors such as Fed rate cuts and moderated central bank gold purchases as potential triggers that could favor Bitcoin. Despite the current dip in interest, the consensus remains bullish for Bitcoin's inflation-hedge narrative, with predictions for Bitcoin reaching between $120,000 to $250,000 in 2025.
BitMine, a leading cryptocurrency company, has reached a significant milestone by increasing its Ethereum holdings to over 2 million ETH, thereby becoming the largest corporate holder of the asset. The company's balance sheet now surpasses $9.21 billion, comprising 2,069,443 ETH, 192 Bitcoin, and $266 million in cash. This places BitMine as the second global treasury company behind Strategy Inc, which owns 636,505 BTC valued at $71 billion. BitMine's Ethereum holdings exceed the combined total of the next five largest Ethereum treasuries, with SharpLink Gaming and The Ether Machine following behind.
BitMine's Chairman, Thomas "Tom" Lee, has outlined the company's strategy, viewing Ethereum as a cornerstone of the future financial markets. He cites the growing adoption of blockchain on Wall Street and the rise of agentic artificial intelligence as key factors driving demand. The company aims to own 5% of the total ETH supply, and with its current holdings close to 2%, it has already covered nearly 40% of this target. Furthermore, BitMine's focus on Ethereum has elevated its profile on Wall Street, with its stock trading an average daily dollar volume of $1.7 billion, ranking 30th among all US-listed equities.
In addition to its Ethereum holdings, BitMine has announced a "moonshot strategy" to invest 1% of its balance sheet into projects designed to expand the blockchain network's utility. The first recipient of this capital infusion is Eightco Holdings, which received $20 million to build a treasury around the Sam Altman-founded Worldcoin identity-focused project. Lee believes that Worldcoin's zero-knowledge Proof of Human credential could enhance digital trust and safety across technology platforms.
U.S. Ethereum ETFs have experienced a significant pullback with about $1 billion in net outflows, following a period of substantial intake of approximately $1.4 billion in the previous week. This shift is primarily driven by market creations and redemptions, which have become the main channel for institutional ETH exposure in the U.S. Data from SoSoValue’s U.S. ETH ETF dashboard reveals that net outflows from Aug. 29 to Sept. 5 amounted to roughly $952 million, while the week before saw about $1.58 billion in net inflows.
These ETFs do not engage in proof-of-stake validation or any related activity that would earn staking rewards. For instance, BlackRock’s iShares Ethereum Trust prospectus states that the trust will not use any portion of its ether for staking and will not earn staking income. This lack of native yield can reduce the incentive to hold through drawdowns, especially when spot ETH holders can access staking returns on-chain.
However, the landscape could change significantly if the SEC approves staking within U.S. spot Ethereum ETFs. Analysts suggest that embedding yield through staking could boost institutional inflows and liquidity by adding over 3% in annual return potential. This would mark a structural shift in how capital flows into ETH. The SEC has already delayed decisions on Grayscale’s proposal and set a final deadline in October. Bloomberg’s ETF analyst suggests staking approval may come by late 2025, with BlackRock’s staking application possibly reviewed by April 2026 at the latest.
Grayscale Investments is seeking to convert its Chainlink Trust into an exchange-traded fund (ETF), according to a filing with the US Securities and Exchange Commission (SEC). The proposed conversion, which would allow the $28.7 million vehicle to trade on NYSE Arca under the ticker GLNK, is designed to provide investors with regulated access to Chainlink’s price performance without the need to manage or secure the tokens directly. The move is part of Grayscale's strategy to lower custody risks while offering exposure through traditional markets by using an ETF structure.
The ETF structure proposed by Grayscale could allow some of the tokens held in the trust to be staked, with third-party providers maintaining tokens in custodian wallets. The fund will use a cash-based creation and redemption model, although the company has noted that it remains uncertain how quickly market participants will adapt to the SEC's recently approved in-kind standards for other digital asset ETFs. According to the filing, CSC Delaware Trust Company will serve as trustee, while The Bank of New York Mellon will act as both transfer agent and administrator. Coinbase will provide prime brokerage and custody services.
Crypto analyst DOGECAPITAL has suggested that Dogecoin's price could potentially exceed $10, provided it can break through a key price level. This prediction is based on historical cycle patterns, with the analyst noting that Dogecoin is currently in its third cycle and has already surpassed critical price points. As it approaches the $0.30 range, a decisive break above this level could trigger a significant upward trend.
DOGECAPITAL's prediction is based on a recurring pattern in Dogecoin's price action across each major cycle. He noted that bullish momentum typically ignites as the Dogecoin price nears the intersection of the green and red lines on the chart, followed by a parabolic rally once the price breaks above the yellow line. In the first cycle, Dogecoin's price surged 9,221% after crossing the green/red line intersection, while in the second cycle, a similar setup led to an even more dramatic rally of over 24,617%. In the current third cycle, Dogecoin has crossed the green and red lines and is now poised to break above the yellow line, potentially leading to a rally beyond $10.
In a separate analysis, crypto expert Kevin Capital suggested that a Dogecoin rally to a new all-time high is imminent, based on predictable price action in past bear and bull markets. He also highlighted the importance of alignment not only from a technical analysis perspective but also in relation to monetary policy expectations and macroeconomic data. At the time of writing, Dogecoin is trading at around $0.23, an increase of over 7% in the last 24 hours.
The crypto market is heading into a potentially significant week, with a series of US macroeconomic catalysts set to occur between Tuesday and Friday. These events, which include labor market revisions, inflation data, jobless claims, energy inventories, and consumer expectations, are key drivers of the US dollar and Treasury yields and have a significant influence on digital assets. Bitcoin, for instance, has historically traded inversely to both the dollar and real yields. This week's events could reshape the Federal Reserve's approach and the overall market, according to the @_Investinq Twitter account.
The week begins with the US Bureau of Labor Statistics publishing its preliminary benchmark revision to March 2025 payrolls, an annual "fact check" of jobs data. Goldman Sachs estimates a reduction of 550,000 to 950,000 jobs for the twelve months through March 2025, potentially the largest 12-month markdown since 2010. For the crypto market, a significant downward revision could validate the "growth-is-slowing" narrative, which typically coincides with a softer USD and more supportive cross-asset liquidity. Other key events include the wholesale inflation check on Wednesday, the EIA Weekly Petroleum Status Report, and Thursday's Consumer Price Index, the last inflation read before the Fed's September meeting. A softer-than-expected CPI would strengthen the case for a larger policy move, while a surprise re-acceleration could cap a dovish reaction. For digital assets, a cooler CPI tends to mean a weaker dollar and flatter real yields, both historically constructive for Bitcoin and the entire crypto market.
The week concludes with the University of Michigan preliminary September sentiment and inflation expectations on Friday. For crypto, higher expected inflation can be a double-edged sword: if it lifts yields and the dollar it's a near-term drag, but in more extreme risk-off episodes it has also coincided with flows into "anti-debasement" narratives around BTC and gold. All of this occurs in a Fed blackout window ahead of the September decision. Depending on the CPI/PPI path this week, some banks are debating a 25 vs 50 basis points cut. A standard 25 bps cut with benign inflation likely weakens the dollar modestly and supports Bitcoin and crypto on the margin; a surprise-large 50 bps cut on the heels of large jobs revisions would underscore growth risk and could flatten the entire curve. The immediate setup therefore looks binary for crypto assets. If Tuesday’s benchmark revision is large and Thursday’s CPI cools, the “USD down / yields down” impulse that crypto likes could reassert into the FOMC, potentially reinforcing a swing back to net inflows into crypto asset funds after episodic outflows in late August.
Fidelity has officially entered the tokenized real-world assets (RWAs) market with the launch of the Fidelity Digital Interest Token (FDIT). This Ethereum-based tokenized share of U.S. Treasury securities and cash equivalents was introduced on August 4, 2025. Despite the fund's assets exceeding $200M, investor participation has been minimal with only two holders identified so far. The launch of FDIT signals Fidelity's growing interest in RWAs tokenization and is a significant step towards more crypto adoption from institutions and retail users. The token offers 24/7 transferability and several other features tailored for institutional investors, and it's currently available exclusively to this group.
The launch of FDIT also signifies the integration of blockchain technology into the traditional finance sector, a trend that improves liquidity, transparency, and increases operational efficiency. Tokenized real-world assets have surpassed $300B, a milestone expected to be reached by 2030, and could reach up to $30T by 2034 according to a report by RedStone. The FDIT launch and its choice of Ethereum platform signal growing trust in Ethereum-based financial products. This development, along with the joining of government-backed bonds and other tokenized money-market funds, highlights the embrace of blockchain technology by traditional finance.
Meanwhile, the Best Wallet Token ($BEST) presale offers investors an entryway into the growing Ethereum ecosystem. Best Wallet, a non-custodial crypto wallet, allows users to buy, hold, and sell tokens on six major chains. It is also the only crypto wallet that lets users buy the best crypto presales from their mobile. Early adopters of the $BEST token could indirectly benefit from the expansion of blockchain-based financial products and become part of a growing community that could reshape the crypto wallet and DeFi industry. The presale has raised over $15.6M so far, indicating growing retail interest. The token is currently priced at $0.025605, with a predicted price of $0.05106175 by the end of 2026.
CoinShares, Europe's leading digital asset manager, is set to go public on the Nasdaq Stock Market through a $1.2 billion business combination with Vine Hill Capital Investment Corp. The company, which manages approximately $10 billion in assets and holds a 34% market share in Europe, is the world's fourth-largest digital asset ETP manager after BlackRock, Grayscale, and Fidelity. CoinShares CEO Jean-Marie Mognetti stated that the Nasdaq listing reflects the company's push for international growth and leadership, positioning CoinShares as one of the largest publicly traded pure-play digital asset managers globally.
Over the past two years, CoinShares has more than tripled its assets under management through new investor inflows, supportive digital asset pricing, and product launches. Nicholas Petruska, CEO of Vine Hill, praised CoinShares for its market leadership, scalable business model, and a team with proven execution ability. The transaction, which includes a $50 million equity investment commitment from an institutional investor, is expected to conclude by the end of the year, subject to regulatory and shareholder approval.
Shares of Eightco Holdings (NASDAQ: OCTO) soared 1,000% in pre-market trading on Monday following the announcement of a $250 million private placement and a $20 million investment from BitMine. The funds are intended to support the establishment of the world's first Worldcoin treasury reserve. The private placement includes approximately 171 million shares priced at $1.46 each, with an additional 13.7 million shares issued to BitMine at the same price. The transaction, led by MOZAYYX, is anticipated to close around September 11, subject to Nasdaq approval.
Eightco plans to adopt Worldcoin as its primary treasury reserve asset, with cash and Ethereum serving as secondary reserves. The company also intends to change its Nasdaq ticker to "ORBS" to reflect this new strategic direction. BitMine's chairperson, Thomas "Tom" Lee, expressed that the Worldcoin project aligns with BitMine's broader mission to support Ethereum-native initiatives. He emphasized the potential importance of the platform's Proof of Human feature as a layer of trust for tech platforms interacting with billions of users.
Eightco Holdings, a public e-commerce infrastructure firm, has partnered with BitMine to launch the first-ever Worldcoin treasury strategy. The strategy is supported by a $250 million private placement and a $20 million backing from BitMine. The private placement involves approximately 171 million shares of common stock at $1.46 per share, with an additional 13.7 million shares issued to BitMine at the same price. The transaction was led by MOZAYYX with participation from several other firms including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, and Brevan Howard.
Thomas “Tom” Lee, Chairman of BitMine, expressed that World is a natural fit for BitMine’s Ethereum-focused strategy. He emphasized the importance of World’s Proof of Human system for future-proofing trust and safety across global digital platforms. The offering is expected to close around September 11, 2025, subject to Nasdaq authorization. Eightco plans to use the proceeds to acquire WLD as its primary treasury reserve asset, with cash and Ethereum serving as secondary reserve assets. The company also intends to change its Nasdaq trading symbol to “ORBS.”
