Bitcoin rallies lost momentum in August, slowing down corporate accumulation, which may explain why.
According to the latest, the Tracking Treasury Entity, which tracked 47,718 BTC ($5.2 billion) from 100,000 BTC in July, added 47,718 BTC ($5.2 billion). Bitcoin Ministry of Finance Adoption Report. This brings full holdings in public, private companies, government and ETFs to 3.68 million BTC, worth $400 billion at the end of the month. The monthly increase of 1.2% was much weaker than the 4.6% in July.
This mitigation of the BTC acquisition by corporate entities could provide an explanation for the BTC gathering that $123,000 has not been maintained. Bitcoin hit a record high in mid-August, but by the end of the month it exceeded 11.5% and below $109,000.
Despite aggressive funding announcements, the slowdown occurred. Over $15 billion in stock raises have been outlined by finance companies including Strategy (MSTR), KindlyMD (NAKA), and Metaplanet (3350). As these commitments have not yet led to immediate purchases, there remains a gap between funding headlines and actual market impact.
Even at a softer pace, August saw an important milestone. Public company Holdings has crossed the 1 million BTC threshold for the first time, doubled since the second half of 2024, according to the report.
Of the individual companies, healthcare company KindlyMD made the second-largest monthly purchase with a purchase of 5,744 BTC worth $679 million. Japan’s Metaplanet has added 1,859 BTC to four different transactions.
Crypto Exchange Bullish (BLSH) will also be participating in the Ministry of Finance rankings after the August IPO. The company has held 24,000 BTC since March, and revealed at the end of August it was worth $2.6 billion. CEO Tom Farley described the strategy as part of an ongoing institutional wave, telling CNBC “I feel like institutional investors think this is the moment.” Bullish Global, the parent company of the exchange, is also the owner of Coindesk.
Despite these well-known moves, the total amount of the Treasury tracked fell from $428 billion in July to $400 billion in August.
