Autor Cointelegraph By Sam Bourgi

Webull, a self-directed brokerage and trading platform, is expanding its Canadian offering to include cryptocurrencies, adding Canada to a crypto footprint that already includes the United States, Australia and Brazil.The company announced Monday that its Canadian crypto offering will run on Coinbase’s Crypto-as-a-Service infrastructure, with Coinbase providing the underlying trading and custody services. Webull’s Canadian website currently displays 10 cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Solana (SOL), while indicating that additional assets are also available.The addition of crypto broadens Webull’s Canadian offering beyond stocks, exchange-traded funds and options, bringing digital assets alongside the traditional investments already available to its retail clients.Webull cited growing crypto adoption in Canada as one reason for the expansion, pointing to Ontario Securities Commission research that it says shows digital asset ownership has risen to 25% this year from 10% in 2023. Canadian crypto investment is growing as the country’s regulators move to establish clearer rules for the industry, including a federal framework for stablecoins. Canada doesn’t yet have comprehensive rules for fiat-backed stablecoins, but the Stablecoin Act, introduced following the 2025 federal budget, would set requirements for both domestic and foreign issuers.Related: Canadian crypto ownership increases to 25%: Ontario surveyCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Bitmine Immersion Technologies extended its Ether buying streak to 65 consecutive weeks, adding 53,501 ETH last week as a broader crypto market recovery lifted the value of its burgeoning digital asset portfolio despite sizable unrealized losses.The latest purchase brought Bitmine’s holdings to more than 5.9 million ETH, valued at roughly $14.8 billion based on an Ether price of $2,511 as of Sunday. The company now owns 4.9% of Ethereum’s 120.7 million circulating supply, putting it within striking distance of its stated goal of owning 5%.Bitmine’s chairman, Tom Lee, said Ether, Bitcoin (BTC) and Solana (SOL) have been the three best-performing major assets since June 30, with ETH leading the gains.“We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in 3Q so far,” Lee said.Following the latest purchase, Bitmine is sitting on roughly $5.1 billion in unrealized losses on its Ether holdings, according to DropsTab data. The paper losses reflect sustained accumulation through the downturn, which began in the fourth quarter of last year and sent Ether and the broader crypto market sharply lower.The company’s NYSE-traded BMNR shares were up 1.3% on Monday morning, at $24.09 apiece, poised to end the month with an almost-40% increase, according to Yahoo Finance data.Related: Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5KCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Strive, a publicly traded asset manager and Bitcoin treasury company, added 1,800 Bitcoin to its holdings last week, accelerating an accumulation strategy that has propelled it into the ranks of the world’s five biggest publicly traded corporate Bitcoin holders.The company purchased the Bitcoin (BTC) for approximately $143 million between Aug. 24 and Aug. 28, paying an average price of $79,431 per BTC, including fees and expenses. CEO Matt Cole confirmed the acquisition on Monday.The purchase brought Strive’s total holdings to 23,156 Bitcoin, up from 21,356 BTC a week earlier. As Cointelegraph reported, the company had purchased 1,110 BTC the previous week for roughly $81.5 million at an average price of $73,409 per coin.Strive has accelerated its Bitcoin accumulation in recent weeks. Adam Livingston, an adviser to Saturn Credit, noted that the latest purchase increased the company’s Bitcoin holdings by roughly 8.4% in just five business days.Source: Adam LivingstonThe acquisition also pushed Strive past Bullish, the crypto exchange and digital asset infrastructure company, to become the fifth-largest publicly traded corporate holder of Bitcoin, according to industry data.Corporate Bitcoin buying returns as price reboundsStrive’s latest purchases have coincided with a broad recovery in Bitcoin and the wider digital asset market that began on Aug. 19, when the US Treasury Department announced plans to double the size of certain long-term bond buybacks. The move helped push Treasury yields lower and fueled a rebound in risk assets, with Bitcoin rallying more than 23% to a recent high above $81,000.Strive isn’t alone in ramping up its Bitcoin purchases. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, announced Monday that it had resumed buying BTC for the first time since June, acquiring 4,603 Bitcoin at an average price of $80,318.The purchase lifted Strategy’s holdings back above 845,000 BTC following four Bitcoin sales since May.Related: Crypto Biz: Bitcoin pumps, Wall Street does the paperwork

Bitcoin’s return above $80,000 is exposing just how much the crypto industry now runs through traditional capital markets. Michael Saylor’s Strategy needs a receptive market to finance its Bitcoin machine (BTC), Circle’s outlook increasingly resembles a bet on the growth of dollar-denominated financial infrastructure and Treasury bond buybacks helped provide the backdrop for the latest surge in crypto equities.This week’s Crypto Biz looks at how that relationship is reshaping the companies, balance sheets and networks behind the market’s rebound.Bitcoin rally sends crypto stocks soaringBitcoin’s rally above $80,000 lifted crypto stocks as miners and digital asset treasury companies posted double-digit gains, tracking a broader recovery fueled by the US Treasury’s plan to double certain long-dated bond buybacks.Canaan, MARA Holdings and Strive were among the biggest gainers over the past week, while Coinbase and Robinhood also rallied. Bitcoin extended its weekly advance past 23%, while Ether gained nearly 30% to trade above $2,500, according to CoinMarketCap data.Support also came from President Trump renewing calls for Congress to pass the CLARITY Act, though the bill remains stalled after lawmakers failed to advance it before the August recess. The bill could establish clearer rules for US crypto markets, while Trump separately revived the prospect of government Bitcoin purchases, though neither outcome is assured.Bernstein bets on fresh USDC growth cycleBernstein analysts are bullish on Circle, arguing that a new growth cycle for its USDC stablecoin could provide a significant boost over the next 12 months as supply growth picks up again.In a Monday research note, the firm said USDC supply increased by roughly $2 billion in seven days, ending a six-month period of stagnant or declining growth. Bernstein maintained its Outperform rating on Circle (CRCL) and a $140 price target, implying roughly 60% upside. Circle shares have risen about 40% over the past month.Analysts said the next leg of growth could be driven by renewed crypto momentum, US regulatory clarity, tokenized capital markets and broader payments adoption, with early signs of demand from AI agents. USDC’s share of adjusted transaction volume rose from roughly 40% in 2025 to over 60% so far in 2026, overtaking Tether’s USDt on that measure.Circle shares have been volatile since the company’s June 2025 IPO, when the stock was priced at $31. After an initial post-IPO surge, shares fell back toward that level by November 2025 at the onset of the crypto market downturn. USDC’s share of stablecoin transaction volume has grown sharply. Source: BernsteinStrategy’s real risk is capital market access, not Bitcoin priceA Regime Intelligence report finds that Strategy’s chief vulnerability is not a Bitcoin price crash but losing access to capital markets, which could threaten its ability to service $1.76 billion in annual obligations without selling BTC.Strategy’s 840,447 BTC backs $22 billion in debt and preferred claims, with no margin calls tied to Bitcoin’s price, according to the report. Its stress tests suggest Bitcoin would need to fall 96% for the company’s holdings to no longer cover its convertible notes. Strategy also has cash reserves equal to 2.6 times its annual obligations, while its Bitcoin holdings are worth $66.7 billion against a cost basis of $63.36 billion.“Even if equities unraveled, Strategy’s Bitcoin holdings put it in a good situation to weather most any storm. The company is holding far more Bitcoin than its annual cash obligations,” Komodo Platform co-founder Kadan Stadelmann told Cointelegraph.The bigger risk emerges if financing conditions deteriorate. A prolonged Bitcoin downturn, combined with a falling Strategy share price and lower mNAV, could make raising fresh capital increasingly difficult, potentially forcing the company to draw down reserves or sell Bitcoin. “Strategy’s weakness lies in the need to issue capital to service the structure. If equities markets collapse, the company could have to part ways with Bitcoin as part of its operating structure,” Stadelmann said.Strategy has sold BTC four times since May, though CEO Phong Le said the company accumulated 25 times more over the same period and plans to resume purchases.Strategy remains the largest institutional Bitcoin holder, despite selling BTC four times since May. Source: BitcoinTreasuries.NET Solana activity hits record as SOL rallies 40%Solana processed a record 4.2 billion onchain transactions in July, preceding a 40% rally that pushed SOL above $100 for the first time since February, according to onchain data presented by The Kobeissi Letter.Transaction counts rose 13.5% from June and 91% from December, adding roughly 2 billion transactions over that period. The Kobeissi Letter also cited RWA.xyz data showing that nearly $4 billion worth of real-world assets are now tokenized on Solana, up 11.8% over the past month. Across tracked networks, distributed RWAs have surpassed $38 billion.The rally accelerated after the US Treasury Department announced plans to double certain long-dated bond buybacks to at least $4 billion per operation, helping push yields lower and boost risk appetite across crypto markets. Still, SOL’s gains came as part of a broader market recovery, while continued growth in network activity could depend on further RWA adoption and macroeconomic conditions.Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.