Bitcoin Rally Spurs Corporate Accumulation and Institutional Stablecoin Plans

Bitcoin's 23% gain in late August has renewed interest in corporate crypto holdings, with Bitcoin miners outperforming AI infrastructure stocks. Strive added 1,800 BTC to its holdings, while MicroStrategy increased its stash by 4,603 BTC. Additionally, a consortium of 21 major financial institutions, including Bank of America, Goldman Sachs, and Citigroup, plans to launch a USD-backed stablecoin by early 2027 for cross-border payments. Meanwhile, Bitmine continues its streak of ETH accumulation, now holding 5.9 million ETH, representing 4.9% of the total ci