Strategy Raises $2B, Skips BTC Buy, Builds New USD Cash Reserve

Bitcoin pushed to $80,818.01, up 4.45% on the day, with ether adding 2.37%. Breadth was wide: 78 of the top 100 coins tracked traded higher against just 21 lower, so this was a broad risk-on session rather than a one-coin story.

The biggest headline came from Strategy, which raised $2 billion selling MSTR shares but left its Bitcoin stack unchanged for the week. It parked the proceeds into a new USD cash reserve, now at $5.1 billion, that it says could fund future BTC purchases, and also bought back $136.4 million of STRC shares.

Elsewhere, Coinbase launched tokenized US stocks on Base for non-US users, Strive added 1,110 BTC to become the seventh-largest corporate holder, and Pakistan opened a licensing portal with a September 5 deadline for crypto firms. Stacks led gainers at 23.18%, while Aave lagged with a 7.75% drop.

Named today: Stacks (STX) predictions · Aave (AAVE) predictions

Crypto is not down today. Bitcoin is up 4.45% to $80,818.01 and ether is up 2.37%, with 78 of the top 100 coins tracked higher and only 21 lower.

On days when people search this, it's usually because of a mix of leveraged long liquidations, a stronger dollar, weak stock market sessions bleeding into crypto, or a specific bad headline like an exploit or regulatory crackdown spooking traders.

Sharp single-day drops also tend to follow overheated funding rates, where too many traders are positioned the same way and a small move triggers a cascade of forced selling.

None of that describes today's tape. The move is broad-based and to the upside, so if you're seeing red on a specific coin, it's likely an isolated story rather than a market-wide trend.

Bitcoin's 4.45% gain to $80,818.01 is doing the heavy lifting today, with ether up 2.37% alongside it and breadth confirming the move: 78 of the top 100 coins tracked are green against 21 red.

Days like this often follow big corporate or institutional signals. Strive adding 1,110 BTC for $81.5 million and Strategy's $2 billion raise, even without a fresh Bitcoin purchase, both keep corporate treasury demand in the headlines.

New product launches can also lift sentiment. Coinbase going live with tokenized US stocks on Base gives traders another reason to see the space expanding rather than stalling.

Stacks was today's standout, up 23.18%, while Aave lagged the market with a 7.75% decline, a reminder that even on green days, some coins move against the grain.

46.9% of yesterday's 98 settled calls on BitPredict came in correct, with a COTI up-call returning 13.35% as the standout.

Today's Daily Call asset is Gitcoin (GTC), one shared question, up or down by midnight UTC. Think you can read this market? Put a timestamped call on record. It's free, and your accuracy is scored publicly.