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Crypto

Bitcoin surge adds $15 billion to Satoshi holdings, dormant 14-year whale stirs

Bitcoin’s sharp rise has added about $15 billion in a short period to the value of bitcoin believed to be held by Satoshi Nakamoto. Bitcoin climbed from a low of $62,679 on Aug. 17 to as high as $81,265 on Aug. 24. Addresses tracked as linked to Satoshi hold 1,096,000 BTC, Arkham Intelligence data show. Separately, long-dormant wallets created around Satoshi’s last community activity have begun moving again, including a 40 BTC transfer after 14.2 years.

Crypto

Bitmine slows Ethereum buying ahead of 5 percent target

Bitmine Immersion Technologies has sharply slowed its pace of Ethereum buying, raising attention to softer demand from the biggest corporate buyer as a market variable. The company said it has secured 4.8 percent of circulating Ethereum after adding 7,391 ETH last week, its smallest weekly purchase this year. Bitmine has recently put more emphasis on buying back its own shares. Arkham Intelligence estimates Bitmine is at 96 percent of its 5 percent target.

Crypto

Morgan Stanley buys bitcoin for third straight day, holdings reach $400 million

Morgan Stanley has bought bitcoin for three consecutive days, lifting its holdings to about $400 million, blockchain outlet U.Today reported on Aug. 7, citing recent Arkham Intelligence data. The bank has expanded its bitcoin position since launching the MSTU bitcoin ETF in April and has recently stepped up purchases. It has also launched ethereum and solana ETFs and is increasing low-cost crypto investment products aimed at institutional investors.