Bitcoin Holds Near $78K as US Bond Yields Approach 20-Year Highs
Bitcoin traded around $78,000 on Monday, gaining roughly 1% as investors reacted to renewed pressure in the US bond market.
BTC briefly rebounded after US Treasury Secretary Scott Bessent said the government had not yet begun buying long-term bonds, despite plans to at least double Treasury debt buybacks to $4 billion from September.
The 10-year Treasury yield climbed to 4.76%, while the 30-year yield reached 5.269%, approaching it...
Strive Buys 1,800 Bitcoin, Becomes Fifth-Largest Corporate BTC Holder
Strive purchased 1,800 BTC for approximately $143 million between Aug. 24 and Aug. 28 at an average price of $79,431 per Bitcoin.
The acquisition lifted Strive’s total holdings to 23,156 BTC, making it the fifth-largest publicly traded corporate Bitcoin holder, surpassing Bullish.
The company has accelerated its accumulation recently, buying 1,110 BTC for $81.5 million the previous week. Its latest purchase increased its Bitco...
Solana Fees Near 9,200 $SOL
{future}(SOLUSDT)
as Network Activity Hits Record High
Solana’s network fees climbed to a seven-day average of nearly 9,200 SOL on Aug. 27, up more than 80% from three months earlier, as onchain activity continued to accelerate.
Seven-day non-vote transactions reached a record 191 million, more than double the 88 million recorded a year ago. Meanwhile, Jito validator tips averaged 2,073 SOL per day over the past week, rising 26% week over week.
At the same time, Sol...
Strategy Buys 4,603 Bitcoin for $370 Million
Michael Saylor’s Strategy acquired 4,603 BTC for $370 million at an average price of $80,318 per Bitcoin, marking its first Bitcoin purchase in more than two months.
The acquisition brings Strategy’s total holdings to 845,050 BTC, purchased for about $63.3 billion at an average cost of $75,413 per BTC.
The purchase was funded primarily through a $602 million sale of MSTR common stock. Strategy also allocated $30 million to its cash reserves and $151.8...