Bitcoin rally puts miners and corporate treasuries back in focus

Bitcoin’s August rally has shifted attention back to companies with direct exposure to the asset. Mining stocks that had been viewed as potential AI plays rebounded sharply, while major corporate holders such as Strategy and Strive added more bitcoin to their treasuries. The article says several miners rose between 41% and 67% in late August, outperforming some AIlinked infrastructure stocks. Analysts cited supportive Treasury buybacks, improved regulatory sentiment and a large short squeeze as factors behind the move, though the sector still faces high costs tied to AI datacenter expansion. The report also highlights continued institutional accumulation in crypto. Strive bought 1,800 bitcoin and Strategy added 4,603 bitcoin during the final week of August, while Bitmine kept building its ether position and moved closer to its target of holding 5% of ether supply. Separately, 21 financial institutions are planning a stablecoin venture aimed at payments and settlement.