Crypto Breaking

Token buybacks are becoming a defining strategy for a small but influential slice of the crypto sector. According to data compiled by Allium Labs and cited by the Financial Times, cryptocurrency projects spent a record $638 million on repurchasing their own tokens so far in 2026—nearly 90% of that total concentrated in two platforms: Hyperliquid and Pump.fun.
In the year-to-date tally, Hyperliquid accounted for roughly $370 million and Pump.fun for nearly $200 million. The Financial Times report notes that this level of buyback activity is still rare across the wider industry, but the numbers suggest it is moving from novelty toward a measurable category of capital deployment.
Key takeaways
$638 million in token buybacks has been recorded in 2026 year-to-date, per Allium Labs data cited by the Financial Times.
Hyperliquid (~$370M) and Pump.fun (~$200M) dominate the total, together accounting for nearly 90% of spending.
Buybacks remain uncommon in crypto overall, but more projects are experimenting with revenue-to-repurchase mechanisms.
Crypto token buyback activity is increasingly being framed as a tool to support token value—analogous to share repurchases in traditional markets.
Recent governance action at Ethena Foundation highlights how fee-switch models can formalize buyback plans.
Why token buybacks are drawing attention again
Token buybacks follow a logic that resembles share buybacks by public companies: projects use capital to repurchase their own assets, which can reduce circulating supply and, in some cases, send a signal about long-term value. While the analogy is straightforward, the crypto execution varies widely—often depending on how a protocol’s revenue is routed and whether repurchases are automatic or subject to governance.
What stands out in 2026 is the scale relative to earlier periods. The same Allium Labs figures cited by the Financial Times show $638 million spent year-to-date in 2026 compared with $545 million during the same period in 2025. The report also contrasts the current pace with prior years, noting $366,000 in 2024 for the corresponding timeframe.
Hyperliquid and Pump.fun lead the buyback spend
Hyperliquid and Pump.fun are not just participating in token repurchases—they are effectively running buybacks as a core allocation strategy.
For Hyperliquid, the structure is especially concentrated: the project reportedly directs about 99% of its revenue toward token buybacks. Cointelegraph previously reported that Hyperliquid generated $169 million in second-quarter revenue on Aug. 6, with $141 million allocated to HYPE buybacks. The implication for investors is straightforward: buybacks are not episodic, but tied tightly to protocol earnings.
Pump.fun, a memecoin launchpad, follows a different but still aggressive approach. The project reportedly allocates around 50% of its net protocol revenue to token repurchases. The launchpad also reportedly carries $420 million in annualized revenue, based on average daily revenue over the preceding 90 days.
When two platforms account for most of the sector’s buyback activity, their revenue rules can become a proxy for how “buyback culture” may evolve in crypto—especially whether it remains concentrated among a few high-throughput protocols or broadens as others replicate the model.
Governance signals: Ethena Foundation opens a fee-switch vote
Beyond the two dominant leaders, 2026 has also seen governance proposals that formalize buybacks using protocol revenue. On Thursday, the Ethena Foundation opened a vote on a fee-switch proposal under which 95% of net revenue paid to it from Ethena’s core business lines would be used to repurchase ENA tokens.
Crypto markets quickly priced the development: the ENA token rose 10.7% on the day after the proposal, according to the reporting referenced in the vote coverage.
For readers, the practical takeaway is not simply that buybacks can move prices in the short term, but that fee-switch governance can convert a vague “buybacks might happen” narrative into an enforceable spending framework. That shift matters because it changes the probability distribution around future demand for tokens and how consistently a protocol can sustain repurchases.
Outperformance and the market narrative around buybacks
Buybacks are also being linked to stronger token performance relative to the broader market. TradingView data cited in the original coverage shows that Hyperliquid (HYPE) rose 145% year-to-date and Pump.fun (PUMP) gained 109%, while Bitcoin (BTC) fell 10% and total crypto market capitalization declined by 11.9% over the same period.
It is important to separate correlation from causation, but the structure is compelling from an investor’s perspective: protocols that consistently recycle revenue into token repurchases create a direct, recurring demand stream. That demand can influence valuation expectations, especially during broader drawdowns where the rest of the market is struggling.
The idea is increasingly being spelled out by major asset managers. Bitwise chief investment officer Matt Hougan earlier in August argued that crypto valuations could double in the next two years as protocols use revenue to fund token buybacks and burns, effectively returning more value to investors.
What to watch next
The big question for 2026 is whether buybacks stay clustered in a few revenue-rich ecosystems or expand into more protocols through governance and revenue routing. Investors should monitor not just total buyback totals, but the durability of the revenue streams behind them—because in a market that can change quickly, the sustainability of token repurchase programs may matter as much as the headlines.
This article was originally published as Hyperliquid and Pump.fun Drive 90% of $638M Crypto Buybacks: FT on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Стратегія додала до корпоративної казни ще одну відчутну партію біткоїнів, придбавши 4 603 BTC приблизно за 370 мільйонів доларів, повідомляє форма 8-K, подана до Комісії з цінних паперів і бірж США (SEC) і оприлюднена цього тижня. Придбання довело загальний обсяг активів компанії до 845 050 BTC.
Новина також надходить незабаром після того, як Стратегія востаннє повідомляла про купівлю біткоїна в середині червня, і вона слідує за сигналом упродовж вихідних від виконавчого голови Стратегії Майкла Сейлора про те, що компанія готується відновити накопичення. Інвестори також стежать за тим, як поводиться механізм фінансування через привілейовані акції компанії — STRC — у міру того, як Стратегія продовжує фінансувати нові покупки.

Розвиваюча публічна керуюча компанія активами та біткоїн-трастова компанія Strive додала 1 800 біткоїнів на свій баланс минулого тижня, прискоривши програму викупу, що допомогла їй увійти до числа найбільших у світі публічно торгованих корпоративних власників цього активу.
Компанія придбала BTC між 24 серпня та 28 серпня приблизно за 143 мільйони доларів, сплативши середню ціну 79 431 долар за монету (включно з комісіями та витратами). Генеральний директор Метт Коул підтвердив придбання в понеділок у X: https://x.com/ColeMacro/status/2094396002308440227.

Bitmine Immersion Technologies продовжує нарощувати свою позицію в Ethereum, розширивши тижневу серію покупок до 65 послідовних тижнів, додавши за минулий тиждень 53 501 ETH. Зростання казначейства компанії відбувається на тлі ширшого відновлення ринку криптовалют, яке підняло вартість її цифрових активів, навіть попри те, що вона все ще має ризик значних паперових збитків від своїх покупок Ether.
З останньою транзакцією Bitmine повідомляє, що тепер володіє понад 5,9 млн ETH. За ціною ефіру $2 511, використаною для розрахунків станом на недільне ціноутворення, ці активи були оцінені приблизно в $14,8 млрд. Поточна частка Bitmine становить близько 4,9% від циркулюючого запасу Ethereum у 120,7 млн ETH, що ставить її близько до заявленої мети досягти рівня володіння 5%.

Webull, the retail trading platform known for commission-free stocks and options, is taking a bigger step into digital assets by expanding its Canadian offering to include cryptocurrency trading. The move adds Canada to Webull’s existing crypto footprint, which already includes the United States, Australia, and Brazil.
According to Webull’s announcement, the company will use Coinbase’s Crypto-as-a-Service (CaaS) infrastructure for its Canadian crypto capabilities, with Coinbase handling the underlying trading and custody functions. Webull’s Canadian website currently lists 10 cryptocurrencies—among them Bitcoin, Ether, and Solana—while also indicating that additional assets may be available later.
Key takeaways
Webull’s Canada launch brings cryptocurrency trading to a platform that already offers stocks, ETFs, and options for retail users.
The service is powered by Coinbase’s Crypto-as-a-Service, with Coinbase providing trading and custody.
Webull points to rising Canadian interest in crypto, citing Ontario Securities Commission research showing ownership growth.
Canada’s regulatory work—including a federal stablecoin framework effort—remains a key backdrop for future product expansion.
Why Webull is adding crypto in Canada
Webull framed the expansion around increased retail engagement with digital assets in Canada. The platform referenced research from the Ontario Securities Commission (OSC), which it says indicates crypto ownership climbed to 25% this year from 10% in 2023.
The underlying message for investors and traders is straightforward: Webull is responding to demand for broader brokerage-style access to crypto, not just standalone exchanges. For Canadian retail users who already use Webull for traditional markets, the addition of crypto could reduce friction—bringing a familiar interface and account setup to a category that many consumers previously accessed through separate platforms.
Webull’s Canadian crypto offering currently shows 10 coins, including Bitcoin, Ether, and Solana. The site also signals that more assets may be offered, though the announcement does not specify which additional tokens are planned.
How Coinbase custody and trading infrastructure fits in
Webull’s approach in Canada relies on third-party infrastructure rather than building custody and execution systems from scratch. The company said its Canadian crypto offering will run on Coinbase’s Crypto-as-a-Service, with Coinbase responsible for both trading operations and custody.
For users, this structure matters because custody and execution are among the most operationally sensitive parts of any crypto brokerage experience. By outsourcing these elements, Webull can focus on front-end onboarding, account access, and the user experience, while Coinbase provides the infrastructure behind the scenes.
Canada’s regulatory momentum—and stablecoins in focus
Crypto product launches in Canada are unfolding alongside ongoing regulatory efforts to clarify how the industry should operate. Webull pointed to the broader picture: regulators are working on clearer rules, including a federal framework for stablecoins.
While Canada still lacks comprehensive rules for fiat-backed stablecoins, the Stablecoin Act—introduced after the 2025 federal budget—would establish requirements for both domestic and foreign issuers. This is a notable development because stablecoins are often central to on-ramps and trading ecosystems. When stablecoin rules are uncertain, exchanges and brokerage services can face additional constraints or hesitation around integration depth and asset selection.
The stablecoin framework also signals that Canadian regulators are moving toward more structured oversight, which can influence how quickly platforms expand beyond spot crypto and into additional product categories later on.
What Canadian users should watch next
With Webull adding crypto to a retail brokerage platform and running it via Coinbase’s custody and trading infrastructure, the immediate question for users is not just which coins are available today, but how the offering evolves. Webull’s website already lists 10 assets and indicates further availability, and investors should monitor for updates as the platform potentially expands its supported cryptocurrencies.
More broadly, readers may also want to track how Canada’s stablecoin regulatory efforts progress. As stablecoin requirements become clearer, platforms that rely on compliant issuance and oversight may have more room to broaden offerings—particularly for products that intersect with fiat settlement and trading liquidity.
This article was originally published as Webull Launches Crypto Trading in Canada With Coinbase Pact on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Webull, a self-directed brokerage and trading platform, is widening its Canadian product lineup by adding cryptocurrency trading for retail customers. The expansion arrives as the country’s regulators continue laying groundwork for clearer rules across parts of the digital-asset market.
Webull said Monday that its Canada crypto offering will be powered by Coinbase’s “Crypto-as-a-Service” infrastructure. Under the arrangement, Coinbase is set to provide the underlying trading and custody capabilities that support Webull’s new crypto access in Canada.
Key takeaways
Webull is launching crypto trading in Canada, expanding beyond stocks, ETFs, and options available to its retail user base.
The service will run on Coinbase’s Crypto-as-a-Service, with Coinbase handling core trading and custody functions.
Webull points to rising Canadian interest in crypto, citing Ontario Securities Commission research on ownership growth.
Regulatory clarity is still developing in Canada, including work on a stablecoin framework that would apply to both domestic and foreign issuers.
Webull adds crypto to its Canadian retail platform
Webull’s Canadian website currently displays 10 cryptocurrencies, including well-known assets such as Bitcoin and Ether, along with Solana. The platform also indicates that additional cryptocurrencies are available beyond the initial list, suggesting a staged rollout or expanding selection after launch.
For investors who already use Webull for traditional markets, the move effectively brings digital assets into the same self-directed ecosystem. That matters because crypto access through mainstream brokerage-style interfaces can lower friction for retail users who prefer established platforms and consolidated account experiences rather than switching between exchanges and wallets.
Coinbase infrastructure sits underneath the offering
Webull did not present its own trading or custody stack for Canada in its announcement. Instead, it said the company’s crypto offering will rely on Coinbase’s Crypto-as-a-Service infrastructure.
In practical terms, this means Coinbase supplies critical back-end services—specifically trading operations and custody—while Webull acts as the front-end platform for Canadian users. This kind of partnership can be attractive for brokerages that want to add new asset classes without building and operating complex custody and trading systems from scratch.
Webull cites Canadian demand and regulator momentum
As a justification for the expansion, Webull pointed to growing crypto adoption in Canada, including findings from Ontario Securities Commission research. According to the OSC, digital asset ownership has risen to 25% this year from 10% in 2023.
The company also highlighted that broader regulatory activity is underway. Canada is working toward more explicit rules for parts of the crypto industry, with attention not only on exchange-like services but also on stablecoins—an area that has become a focal point for regulators globally.
Stablecoin rules remain incomplete, but a framework is coming
While Webull’s immediate product is spot cryptocurrency trading, the regulatory direction in Canada affects how stablecoin-linked products and services may develop over time. The announcement noted that Canada does not yet have comprehensive rules specifically for fiat-backed stablecoins. However, a pathway is taking shape.
The Stablecoin Act, introduced following the 2025 federal budget, is intended to establish requirements for both domestic and foreign stablecoin issuers. In addition to its domestic impact, that “foreign issuer” angle is significant because it can influence whether international stablecoin brands can operate under Canadian standards and what disclosures or operational controls they would need to meet.
Investors watching crypto in Canada will likely view this as an important medium-term signal: platforms and liquidity providers typically want stablecoin arrangements that align with clear legal expectations before expanding product offerings tied to fiat-pegged assets.
Webull’s Canada launch raises the near-term question of how its crypto lineup will evolve—whether the initial 10 assets remain limited or broaden quickly—and whether regulators’ stablecoin framework ultimately accelerates or reshapes the range of digital-asset products available to retail users.
This article was originally published as Webull Launches Crypto Trading in Canada via Coinbase Partnership on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Біткоїн торгувався приблизно біля рівня $78 000 на відкритті торгів у Волл-стрит у понеділок, тоді як прибутковості US облігацій знову рухнулися до багаторічних максимумів. Зростання корелювало зі свіжими коментарями міністра фінансів США Скотта Бессента, який дав зрозуміти, що Казначейство розглядає подальші дії на довгому кінці кривої, навіть попри те, що дохідності продовжували підніматися.
Внутрішньоденні коливання BTC/USD на початку залишалися відносно стриманими, але криптотрейдери явно стежили за тим самим макро-фактором: вищі дохідності зазвичай посилюють фінансові умови та можуть знижувати апетит до ризикових активів — зокрема й цифрових токенів — особливо коли інвестори починають закладати в ціни тривалу силу на довгому кінці процентних ставок у США.

Bitmine Immersion Technologies has kept adding to its Ether stash, extending a buying streak that now stretches 65 consecutive weeks. The company purchased an additional 53,501 ETH last week, a move that arrives as a broader market rebound has supported the value of its digital-asset portfolio even as earlier-cycle drawdowns continue to weigh on reported results.
According to the latest figures cited in DropsTab data, Bitmine’s holdings now total more than 5.9 million ETH. Based on an Ether reference price of $2,511 as of Sunday, the stake is valued at roughly $14.8 billion—placing the company at about 4.9% of Ethereum’s 120.7 million circulating supply and keeping it close to its publicly stated goal of reaching a 5% ownership level.
Key takeaways
Bitmine added 53,501 ETH last week, maintaining a 65-week consecutive Ether accumulation streak.
The company’s ETH holdings are now above 5.9 million ETH, roughly $14.8 billion at a $2,511 reference price.
Bitmine controls about 4.9% of Ethereum’s circulating supply, narrowly below its goal of 5%.
DropsTab estimates Bitmine is still down about $5.1 billion in unrealized losses on its Ether position.
Chairman Tom Lee highlighted ETH’s strong relative performance versus major crypto assets since June 30.
Buying streak continues as Ether’s price recovery lifts portfolio marks
Bitmine’s latest acquisition brings a steady cadence of purchases through a period that has been challenging for the asset. The company’s accumulation began during a downturn that started in the fourth quarter of last year, when Ether and the wider crypto market moved sharply lower.
While the new purchases increase the number of ETH held, the impact on investor perception depends on what happens next to Ethereum’s price. The portfolio’s marked value has benefited from the recovery referenced in the report, but the balance sheet still reflects substantial drawdown from earlier purchases.
Using DropsTab’s estimates, Bitmine is currently sitting on approximately $5.1 billion in unrealized losses tied to its Ether holdings. Those paper losses underscore a key dynamic for long-term accumulation strategies: even if weekly buying continues unabated, improvements in market prices may take time to erase declines from the earlier portion of the cycle.
How close Bitmine is to a 5% ownership target
With more than 5.9 million ETH in its treasury, Bitmine is nearing a milestone that it has framed as a strategic objective. The report says the company owns around 4.9% of Ethereum’s 120.7 million circulating supply. That implies only incremental future purchases may be needed to cross its 5% target, assuming circulating supply estimates remain comparable.
For investors, this matters because large, persistent holders can influence how the market interprets supply distribution—especially in a network where the narrative often centers on scarcity and long-term demand. Although Bitmine’s purchases are not described as an attempt to influence short-term price, approaching a specific ownership threshold can become a reference point for sentiment as more institutions evaluate exposure to Ethereum.
Even so, the degree of closeness to the goal should be watched alongside two moving pieces: Ethereum’s circulating supply figures and the pace of Bitmine’s continuing weekly buying. Any changes in either could shift how quickly a 5% stake is reached.
Tom Lee points to relative strength since late June
Bitmine’s chairman, Tom Lee, linked the company’s accumulation narrative to performance across major cryptocurrencies. He said Ether, Bitcoin (BTC), and Solana (SOL) have been the three best-performing major assets since June 30, with ETH leading the gains.
In remarks included in the report, Lee argued that this relative outperformance could encourage institutions to add crypto exposure, especially after the broader market demonstrated strength versus other macro assets during the third quarter.
That framing is relevant for readers because it ties Bitmine’s continued strategy to a macro-to-crypto rotation thesis: if crypto outperforms “other macro assets,” institutions that had been cautious may find it easier to justify increasing allocations. Still, the longer Bitmine sustains its weekly purchases through volatile price periods, the more it may reinforce a perception of conviction—whether or not market observers agree with the timing.
Shares move, but unrealized losses remain a central marker
Following the latest Ether purchase, Bitmine’s NYSE-traded shares (BMNR) were reported up about 1.3% on Monday morning, trading at $24.09, according to Yahoo Finance data. The same source was cited as suggesting the stock is positioned for an almost-40% increase by month-end.
Even with that near-term stock momentum, the report’s emphasis on unrealized losses provides a reminder that equity performance does not directly translate to the economics of the underlying crypto position. A share price can move on expectations about future valuation, while the treasury’s reported gains or losses depend on Ether’s price relative to historical acquisition costs.
That gap between market expectations and treasury accounting is often where volatility can show up for investors in crypto-linked public companies. If Ether continues its rebound, the scale of unrealized losses could narrow; if it falters, the losses could widen again—even as the weekly buying streak continues.
Earlier coverage from Cointelegraph highlighted Bitmine’s push toward the 5% ownership concept and referenced Ether breaking above key levels in the context of the company’s extended purchasing pace. The current update continues that same storyline, but with more concrete progress on total ETH held and the latest week’s accumulation.
As Bitmine remains in the market every week, the next things investors should watch are whether Ether’s price holds above the recent recovery range and how quickly Bitmine closes the remaining distance from 4.9% to its 5% target—alongside any changes in the size of its unrealized loss estimate from week to week.
This article was originally published as Bitmine Gains 53,500 ETH, Lifts Stake to 4.9% of Ethereum Supply on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Strive, a publicly traded asset manager and Bitcoin treasury company, has accelerated its Bitcoin accumulation by adding 1,800 BTC to its balance sheet over the week of Aug. 24–Aug. 28. The purchases, totaling about $143 million including fees and expenses, pushed the company deeper into the ranks of the largest publicly traded corporate Bitcoin holders.
CEO Matt Cole confirmed the acquisition on Monday, describing the buys as part of an ongoing strategy. According to the company’s reported figures, Strive paid an average of $79,431 per Bitcoin for the latest tranche.
Key takeaways
Strive bought 1,800 BTC for roughly $143 million between Aug. 24 and Aug. 28, including fees and expenses.
Holdings rose to 23,156 BTC, up from 21,356 BTC a week earlier.
The latest week’s accumulation accelerated gains: an adviser to Saturn Credit said the increase represented about 8.4% in five business days.
Strive moved up the corporate holder rankings, overtaking Bullish to become the fifth-largest publicly traded corporate Bitcoin holder, based on industry tracking.
Broader buying aligns with market rebound after a US Treasury policy update supported risk assets and helped Bitcoin recover.
Strive’s rapid accumulation lifts corporate ranking
The most recent week’s purchases raised Strive’s total Bitcoin holdings to 23,156 BTC, compared with 21,356 BTC just a week earlier. This continues a pattern of quicker ramp-ups rather than steady, slower additions.
Earlier coverage from Cointelegraph noted that Strive had already bought 1,110 BTC the previous week for roughly $81.5 million, at an average price of $73,409 per coin. Taken together, the two consecutive weeks show the company increasing its weekly pace while Bitcoin’s price moved higher.
Industry adviser Adam Livingston, an adviser to Saturn Credit, said the latest acquisition lifted Strive’s Bitcoin holdings by approximately 8.4% within five business days. That rate matters because it indicates Strive is not only adding to its treasury, but doing so at a speed that changes its relative position among other public corporate buyers.
Strive’s latest tranche also appears to have improved its standing in the corporate Bitcoin ecosystem. According to bitcointreasuries.net, the purchase helped Strive move ahead of Bullish, placing it among the world’s five largest publicly traded corporate Bitcoin holders.
What the timing suggests: policy-driven rebound and risk appetite
Strive’s buying comes during a period when Bitcoin and broader digital asset markets have been rebounding. Cointelegraph reported that the market recovery accelerated after the US Treasury Department announced plans to double the size of certain long-term bond buybacks on Aug. 19. That development helped push Treasury yields lower and supported risk assets.
In that context, Bitcoin rallied more than 23%, reaching a recent high above $81,000, as cited by Cointelegraph’s market coverage. For corporate buyers, such macro shifts can influence both funding conditions and the perceived opportunity cost of waiting for a better entry point.
Strive’s latest purchases—executed across Aug. 24–Aug. 28—therefore landed while the market was already regaining momentum rather than during a deep drawdown. However, the company still averaged $79,431 per BTC for the week, which reflects the ability of treasury-focused firms to deploy capital amid volatility and changing sentiment.
Strive isn’t the only corporate buyer: Strategy resumes after a pause
Strive’s acceleration is part of a wider wave of corporate Bitcoin activity. Cointelegraph noted that Michael Saylor’s Strategy, the largest publicly traded corporate Bitcoin holder, announced Monday that it resumed buying BTC for the first time since June.
Strategy said it purchased 4,603 Bitcoin at an average price of $80,318. The acquisition reportedly lifted its holdings back above 845,000 BTC following four Bitcoin sales since May.
For investors watching corporate treasuries, this is an important contrast: some companies reduce exposure through sales to fund operations or manage balance-sheet priorities, while others treat market dips and rebounds as opportunities to rebuild or expand reserves. Strategy’s decision to restart buying after a sales period aligns with the broader market recovery narrative, while Strive’s continued buildup suggests it is prioritizing steady expansion of its treasury.
Why the corporate race matters for the market
The competitive dynamics among publicly traded Bitcoin holders are more than a ranking exercise. When large buyers increase their reserves, it can reinforce confidence in Bitcoin as a reserve asset and add an additional layer of demand that is not directly tied to short-term retail sentiment.
At the same time, the data shows how quickly positions can change. Livingston’s estimate that Strive’s Bitcoin holdings rose by about 8.4% in five business days illustrates how capital deployment pace can quickly alter relative standings. Strive went from holding 21,356 BTC to 23,156 BTC in roughly a week, a magnitude that’s large enough to shift it up the corporate leaderboard.
Still, readers should note that these developments don’t necessarily reveal Strive’s longer-term target or whether the firm plans to keep increasing its pace. The filings and purchase windows in the reporting provide a snapshot of current behavior, but the sustainability of the acceleration depends on future balance-sheet capacity, financing decisions, and how management responds as market conditions evolve.
With Bitcoin back above key levels cited in recent reporting, and corporate buyers reactivating or accelerating purchases, the next thing to watch is whether Strive maintains this speed of accumulation in the weeks ahead—and whether other major publicly traded treasuries follow Strategy’s lead in restarting or extending buy programs.
This article was originally published as Strive Acquires 1,800 Bitcoin for $143M, Ranks No. 5 Among Firms on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

У березні майже мертвий біткоїн-коштель несподівано знову ожив і перекинув приблизно 1 мільйон доларів у BTC через велику централізовану кастодіальну установу — лише для того, щоб майже та сама сума була відправлена назад через три тижні. Менше ніж через два місяці після того короткого «кругового рейсу» ті самі кошти навмисно знищили, відправивши їх на непотратну адресу.
Ця історія вписується в ширшу загадку, яку підкреслюють дослідники блокчейну: у травні відбулося кілька транзакцій із «спалюванням» BTC на суму 107 BTC (що приблизно дорівнювало 8,5 млн доларів на той час). Новий аналіз кластерів гаманців свідчить, що адреси, пов’язані з «спалюванням», імовірно контролювала та сама людина, тож постає питання, чому хтось навмисно знищив монети, які відображають тривалу цінність.

Ціна біткоїна готується до ще одного критичного тесту неподалік рівня $80 000, хоча на графіках, схоже, панує заплутане середовище. Технічна картина виглядає трохи слабкою в короткостроковій перспективі, тоді як показники on-chain залишаються стабільними. Це зберігає доволі вузький торговий діапазон для BTC — від $77 000 до $80 000.
Ключовий висновок
Біткоїн прямує до важливого рівня опору на $80 000; прорив тут може підштовхнути ціну ближче до $88 000-$90 000.
Короткостроковий імпульс виглядає слабким, оскільки BTC торгується неподалік ключових рівнів підтримки на $77 000-$78 000.

Strategy has resumed Bitcoin purchases after a brief pause, acquiring 4,603 BTC for $370 million, according to a Monday Form 8-K filed with the U.S. Securities and Exchange Commission. The transaction raises the company’s total treasury to 845,050 BTC.
In the filing, Strategy reports an average purchase price of $80,318 per Bitcoin, bringing cumulative acquisitions to $63.3 billion at an average cost of $75,413. The company funded the buy using net proceeds from a 602 million MSTR common stock sale, while also allocating part of those proceeds to corporate cash and share repurchases.
Key takeaways
Strategy bought 4,603 BTC for about $370 million at an average price of $80,318, lifting treasury holdings to 845,050 BTC.
The purchase was funded through net proceeds from a 602 million MSTR common stock sale, with additional uses including cash and STRC repurchases.
The deal marks Strategy’s first corporate Bitcoin acquisition since mid-June, when it purchased 1,587 BTC for roughly $100 million.
Preferred stock STRC remains central to Strategy’s funding model, and trading below par can constrain the company’s ability to raise capital via STRC sales.
A funded Bitcoin buy adds to Strategy’s 2026 accumulation
The SEC filing details how the 4,603 BTC acquisition was executed and financed. Strategy paid an average of $80,318 per Bitcoin, resulting in a total purchase price of $370 million. After this addition, its Bitcoin holdings stand at 845,050 BTC, reflecting ongoing accumulation rather than a shift to a hedging or diversification strategy.
Strategy also used the financing package to manage near-term corporate balance sheet priorities. The filing says $30 million of the net proceeds was directed to increase Strategy’s USD cash reserve, while $151.8 million went toward repurchasing preferred STRC stock. That split highlights a familiar pattern for the company: continuing BTC accumulation while simultaneously smoothing funding mechanics tied to preferred shares.
Why the STRC discount matters for future treasury moves
STRC—Strategy’s perpetual preferred stock—trades based on expectations for how the company will fund Bitcoin purchases and dividends. On Monday pre-market trading, Yahoo Finance data showed STRC changing hands at $97.33, about a 2.67% discount to its intended $100 par value.
In practice, that discount can affect Strategy’s ability to raise funds efficiently through STRC issuance. The article’s background context notes that trading below par limits how much capital the company can attract via STRC sales. If that continues, investors may watch whether Strategy compensates by adjusting nominal dividend expectations to keep STRC competitive—potentially increasing pressure on its cash flows.
Strategy’s preferred-share structure has been a key part of its “capital framework,” which it outlined in a prior SEC filing dated June 29. Earlier coverage from Cointelegraph described how Strategy’s framework allows Bitcoin sales to fund dividends and increased the annual dividend rate on STRC to 12%. The combination of BTC accumulation, dividend policy, and STRC market pricing is the balance Strategy is currently managing as it scales treasury size.
Signals from Saylor and what changed since mid-June
The new purchase comes after a pause. Strategy’s most recent previously reported corporate Bitcoin acquisition occurred in mid-June, when the company bought 1,587 BTC for roughly $100 million. The Monday filing therefore marks a clear resumption of corporate buying after that earlier tranche.
The timing also aligns with messaging from Strategy’s co-founder and executive chairman, Michael Saylor. Cointelegraph previously reported that Saylor had signaled the company was “back to Bitcoin buying.” On Sunday, he posted “We’re Back” in a widely viewed X post—an approach he has used before major treasury announcements.
While the purchase itself is confirmed by the SEC filing, the sequence of Saylor’s public signaling followed by an official 8-K underscores how investors often treat weekend social posts as potential precursors to larger corporate actions. For traders, the practical takeaway is that corporate treasury updates tied to preferred-stock financing may reintroduce event-driven volatility around MSTR and STRC even when spot market conditions are unchanged.
Market reaction and the next things investors should monitor
In pre-market trading on Monday, Nasdaq-traded MSTR was up less than 1%, after falling more than 7% on Friday, as reflected in the reporting context provided alongside the announcement. STRC, meanwhile, rose modestly in pre-market activity, up 0.44% to $97.33.
Looking ahead, investors should watch whether STRC continues to trade near its par value or remains discounted—because that can influence the company’s ability to fund future Bitcoin purchases using its preferred-share mechanism. The company’s next filings will also matter: Strategy has already shown it can adjust capital allocation across BTC purchases, cash reserves, and preferred-share repurchases, depending on where funding channels are most effective.
For now, the confirmed addition of 4,603 BTC provides another data point that Strategy’s treasury strategy is still actively tilted toward accumulation—while its financing structure, particularly STRC pricing versus par, remains a critical variable for how quickly it can scale further.
This article was originally published as Strategy’s First Corporate Bitcoin Buy Tops $370M Since June on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Crypto projects are leaning harder into a strategy more familiar from traditional finance: buying back their own tokens. So far in 2026, projects have reportedly spent a record $638 million on token buybacks, according to data compiled by Allium Labs and cited by the Financial Times in a report released Monday.
That total highlights a clear concentration. Hyperliquid and Pump.fun together account for the majority of the year-to-date figure, with Hyperliquid responsible for roughly $370 million and Pump.fun nearly $200 million, as reported by the Financial Times based on Allium Labs’ dataset.
Key takeaways
Year-to-date token buybacks reached $638 million in 2026, per Allium Labs data cited by the Financial Times—up from $545 million over the same period in 2025.
Hyperliquid and Pump.fun dominate the activity, together accounting for roughly $570 million of the $638 million total.
Buybacks are still uncommon in crypto, but more issuers are now using revenue to fund repurchases and support token value.
Following an Ethena Foundation vote proposal for fee revenue to be used for ENA buybacks, ENA rose 10.7% on the day after the announcement, according to the report.
HYPE and PUMP have outperformed the broader crypto market decline so far in 2026, based on TradingView-reported performance data.
Record buybacks, concentrated among a few protocols
The Financial Times report framed token buybacks as the crypto analogue to share buybacks: instead of supporting equity prices directly, projects repurchase their own tokens in an effort to bolster token valuation and returns for existing holders.
While this approach remains relatively rare across the broader industry, the numbers show it is no longer an edge-case tactic. Allium Labs’ figures—reported by the Financial Times—indicate buyback spending has accelerated sharply over the past year, rising to $638 million year-to-date in 2026 from $545 million in the same period of 2025. The earlier baseline from Allium Labs cited by the Financial Times shows much lower activity in 2024, at just $366,000.
Crucially, the activity is not evenly distributed. Hyperliquid’s buyback spend of roughly $370 million and Pump.fun’s nearly $200 million together represent the bulk of the year’s token repurchase momentum, suggesting that revenue-rich protocols with clear treasury mechanics are currently driving most of the trend.
How Hyperliquid and Pump.fun are funding repurchases
The performance of HYPE and PUMP appears tightly linked to that repurchase intensity. According to TradingView data cited by the report, HYPE is up 145% year-to-date and PUMP is up 109% year-to-date during a period when Bitcoin fell 10% and total crypto market capitalization declined by 11.9%.
Hyperliquid’s structure is especially aggressive: the report states Hyperliquid spends about 99% of its revenue on token buybacks. It adds that Hyperliquid reported $169 million in second-quarter revenue on Aug. 6, directing $141 million toward HYPE buybacks, citing prior coverage from Cointelegraph (link provided in the source material).
Pump.fun’s approach is similar in spirit but less extreme in percentage terms. The report says Pump.fun allocates about 50% of its net protocol revenue for token repurchases. It also notes the launchpad has $420 million in annualized revenue, based on average daily revenue over the past 90 days, referencing data presented in the source article.
For investors, the key takeaway is that these are not one-off buyback announcements; both projects appear to embed repurchases into how they use revenue. That can matter because sustained buyback programs may influence token holder expectations differently than occasional treasury actions.
Ethena enters the buyback conversation
The broader market dynamic is also shifting. On Thursday, the Ethena Foundation opened a vote on a fee-switch proposal, under which 95% of the net revenue paid to it from Ethena’s core business lines would be used to repurchase ENA tokens, according to the report.
The same coverage noted that the ENA token rose 10.7% on the day after the proposal was opened, suggesting traders are actively pricing in the possibility that revenue earmarked for repurchases could tighten supply or otherwise support valuation.
This matters beyond one token. As governance proposals proliferate, buybacks could become a more common tool for protocols seeking to align treasury use with tokenholder interests—particularly when those protocols have measurable and recurring revenue streams that can be redirected.
Why this trend could spread further
Momentum around token buybacks is beginning to attract mainstream portfolio analysis within crypto. Earlier in August, Bitwise chief investment officer Matt Hougan said, as referenced in the source article, that “crypto valuations could double” in the next two years as protocols increasingly use revenue to fund token buybacks and burns, returning more value to investors.
That prediction is not a guarantee, but the underlying logic is straightforward: if revenue consistently converts into repurchases (and potentially burns), the token’s economic value proposition can become more direct, rather than relying solely on speculation about adoption or network effects.
Still, readers should treat this as an evolving sector experiment rather than a uniform playbook. The same data point can have different implications depending on how a protocol determines buyback size, whether repurchases are executed regularly, and how token supply mechanics work in practice. Even within the report’s examples, the buyback intensity varies—Hyperliquid’s stated near-total revenue dedication versus Pump.fun’s roughly half.
Going forward, the most useful signal to watch is whether the next wave of proposals and repurchase programs matches the consistency seen in Hyperliquid and Pump.fun—or whether buybacks remain occasional. As governance votes move from concept to execution, traders and long-term holders will likely focus on how reliably protocols convert revenue into buy pressure and how quickly markets respond when those programs begin.
This article was originally published as Hyperliquid and Pump.fun Drive 90% of $638M Record Crypto Buybacks: FT on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin is entering September facing a familiar squeeze: price is still trapped under a dense layer of resistance while macro expectations swing back toward tighter Federal Reserve policy. At the same time, volatility in traditional markets is intensifying, with oil reacting to new developments tied to the US and Iran.
For traders, the next catalysts are largely calendar-driven. The week ahead brings multiple US employment releases that can quickly shift interest-rate expectations, while Bitcoin’s technical landscape remains centered on reclaiming key levels below the $86,000 area and defending important moving averages.
Key takeaways
According to CME Group’s FedWatch Tool, markets assign just under a 60% probability to a 0.25% Fed rate hike in September—up from 41.4% a week earlier.
US labor-market data resumes focus this week, with August nonfarm payrolls expected to show job growth after a reported loss of 23,000 jobs in June.
Oil markets are reacting to renewed US strikes on Iran and to a reported US-Venezuela oil-supply arrangement, adding another layer of macro uncertainty.
Bitcoin remains pinned beneath a resistance band roughly spanning $81,000 to $86,000, with Glassnode describing that range as a key demand test.
On-chain data cited by CryptoQuant suggests large wallets drove August accumulation, while smaller holders were more likely to sell into strength.
Fed focus returns after Jackson Hole as jobs data looms
In the background, Bitcoin’s ability to move higher is tightly linked to rate expectations. The coming week is heavy with US employment indicators—an important bridge between the Federal Reserve’s recent messaging and its September decision.
Last week’s Jackson Hole economic symposium kept the Fed narrative in the spotlight, including new Fed chair Kevin Warsh’s first keynote speech. Warsh reportedly pushed back on the idea of forward guidance, calling it something that has “overstayed its welcome.” On inflation, he characterized current readings as still too high, despite the better-than-expected July CPI and PCE prints.
His broader point was that although headline measures have fallen from past highs, “underlying trends” have not improved enough to justify a shift toward a more relaxed stance. That message fed directly into derivatives pricing: the probability of a September 0.25% hike rose back toward a majority odds figure in the CME Group FedWatch framework—near 60% at the time of writing, up from 41.4% last week.
Labor market revisions could complicate the tightening story
Even with hawkish expectations returning, the employment calendar matters because it can quickly challenge the Fed’s path. Friday is set for the release of August nonfarm payrolls. The market expectation cited in this coverage is that the economy added 50,000 jobs last month, following a June contraction of 23,000 jobs.
Private-sector employment data is scheduled earlier in the week, followed by initial jobless claims on Thursday. Commentary highlighted by The Kobeissi Letter emphasized that the payrolls release would be the final batch of jobs data before the September rate call.
What could weigh on the tightening narrative are reported downward revisions to past employment figures. Kobeissi cited Bureau of Labor Statistics data noting an additional 79,000 jobs removed across the 12 months through March, framing the labor picture as weaker than initially reported for years. The same commentary referenced a record 911,000 revision last year and described a multi-year streak of annual downward adjustments.
For markets, that matters because it changes how investors interpret the current pace of hiring: if labor-market conditions are deteriorating more than previously thought, expectations for policy tightening can soften—even if inflation headlines look less alarming than before.
Oil volatility rises alongside geopolitical risk and a new supply arrangement
Beyond rates, macro risk has another driver: energy. The week begins with fresh volatility after renewed US strikes on Iran, which pushed Brent crude back above $90 per barrel and lifted WTI above $85, according to figures referenced in the report.
The coverage also points to spillover effects in equities, with Germany’s DAX down about 0.7% amid the broader uncertainty. President Donald Trump further heightened attention by implying that Iran’s Kharg Island oil hub was a target again, including a post on Truth Social accompanied by an AI-generated video depiction of an attack on oil infrastructure.
Energy headlines were not limited to conflict risk. The report cites coverage including a CNBC quotation of Venezuela’s interim president Delcy Rodriguez regarding a US-influenced oil-control arrangement tied to Venezuela’s reserves. The figures mentioned include a daily output target of 1.5 million barrels and total reserves involved of 65 billion barrels, described as worth around $5.4 trillion.
For crypto, the practical takeaway is not geopolitical detail—it’s the increased probability that oil-driven inflation concerns and risk sentiment can keep macro conditions choppy, influencing both USD liquidity and investor appetite for risk assets.
Bitcoin remains trapped under a resistance band as buy-side demand is tested
Technically, Bitcoin’s recent moves have been less about decisive trend change and more about defending key levels while sellers maintain influence overhead. The report notes late sell pressure into Sunday’s weekly close, including a brief dip below the 50-week exponential moving average (EMA) around $77,269, though support held, leading to a reclaim on the weekly close.
However, reclaiming a moving average alone is not the same as breaking the larger structure. The co-founder of Glassnode, Rafael Schultze-Kraft, highlighted in additional X commentary that Bitcoin still lacks a weekly-timeframe reclaim of the 50-week simple moving average (SMA) near $80,307—something he has previously associated with additional upside attempts in the past.
Meanwhile, the monthly picture looks even tougher. As August approaches its close, the coverage notes Bitcoin bulls face a major test because monthly gains for BTC/USD are hovering near 25%—a period where traders often expect confirmation through follow-through rather than just intraperiod spikes.
Analysis referenced from Rekt Capital argues that Bitcoin continues to hover beneath a “Macro Downtrending resistance” and remains in a pattern of “Macro Lower Highs.” In his view, a clean break above the pivotal resistance would carry implications for the broader four-year BTC cycle, potentially suggesting a shorter bear phase than prior cycles if the breakout holds.
Even so, resistance is not purely a line on a chart. The report highlights thickening ask liquidity on exchange order books extending into the $86,000 region, meaning a breakout may require stronger buy-side momentum to stick rather than wick and fade.
Glassnode’s research, cited in the coverage, describes “every overhead structure” it tracks now sitting between $81K and $86K—framing that zone as where recovery demand meets its most immediate challenge. In other words, bulls may be able to push price temporarily, but sustaining gains likely depends on whether new demand can absorb offers across that band.
Who buys matters: large-wallet accumulation vs smaller-wallet exits
While price action points to a demand test, the report also provides a clearer narrative for where that demand may come from. Glassnode data cited here calculated that about 1.05 million BTC held by long-term holders carry a cost basis between $83,000 and $86,000. Long-term holders are defined in the coverage as wallets that have not sold for six months or more. This range overlaps with the resistance zone being discussed, implying that supply from those holders could become an important factor if price approaches those levels again.
CryptoQuant’s additional findings offer a complementary layer by showing how different wallet cohorts behaved during August. According to the report, CryptoQuant data indicated that wallets with 100+ BTC added roughly 60,000 BTC from 1–30 August, while wallets with 1–100 BTC sold about 33,000 BTC and wallets under 1 BTC sold about 14,000 BTC.
The interpretation given in the coverage is that large holders absorbed the breakout impulse while smaller holders treated the rally as an exit opportunity. CryptoQuant also cautioned that this view would need reassessment if large holders begin selling recently acquired supply below $80,000.
Looking ahead, the most important thing for Bitcoin traders may be whether US employment data pulls back—or hardens—September rate expectations, and whether large-wallet accumulation can overpower the $81,000–$86,000 liquidity wall as the August monthly close approaches. The direction may become clearer once labor-market prints and Bitcoin’s monthly/resistance tests converge, but the key uncertainty remains whether demand is strong enough to hold above resistance rather than just briefly penetrate it.
This article was originally published as Bitcoin Weekly Brief: Markets Price September Fed Hike—5 Key Takeaways on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Flow-based DeFi-кредитний протокол More Markets зазнав відтоку резервів приблизно на 9,3 млн доларів у цифрових активах, повідомила фірма з безпеки Blockaid. Blockaid заявила, що зловмисник вилучив приблизно 15,5 млн токенів Wrapped Flow (WFLOW) із кредитного резерву mFlowWFLOW протоколу в мережі Flow EVM.
Інцидент, описаний у дописі в понеділок на X компанією Blockaid (див. звіт Blockaid), демонструє, як платформи кредитування, що підтримують токени рідкого стейкінгу, можуть бути вразливими, коли механіки запозичення поєднуються з можливостями ліквідності та функцією режиму ефективності.

Інфраструктура DeFi-кредитування зазнала чергового високовартісного злому на Flow EVM: Blockaid повідомив, що протокол More Markets втратив приблизно $9,3 мільйона активів із кредитного резерву. Інцидент, описаний у публікації в понеділок від Blockaid у X, пов’язаний із стратегією надмірних запозичень із використанням токена ліквідного стейкінгу.
Blockaid заявив, що зловмисник вивів приблизно 15,5 мільйона токенів Wrapped Flow (WFLOW) — вартістю близько $9,3 мільйона — з кредитного резерву mFlowWFLOW. Як повідомляється, експлойт задіяв Ankr Staked FLOW (ankrFLOW) разом із «режимом ефективності» (E-mode) Aave V3, щоб розширити можливість запозичень понад те, що резерв мав би дозволяти.

Зусилля зробити великі блокчейни більш стійкими до довго обговорюваної загрози квантових обчислень активізувалися, навіть попри те, що багато користувачів Bitcoin залишаються скептичними щодо того, як скоро квантовий ризик стане практичним. Цього тижня два окремі напрямки підкреслили вектор розвитку: експериментальні захисти для транзакцій Bitcoin і нова пропозиція, спрямована на оновлення технології підписів Bitcoin.
У той самий час управлінські рішення та ширші ринкові сигнали продовжували формувати настрої в усьому секторі — від голосування Solana за прискорення дезінфляції до нових розкриттів і дебатів щодо політики в Сполучених Штатах. Ось події, за якими інвесторам і розробникам варто стежити.

Головний виконавчий директор Strategy Майкл Сейлор опублікував те, що ринкові спостерігачі сприймають як сигнал на найближчу перспективу щодо поновлення корпоративних покупок біткоїна. У нещодавньому повідомленні в соцмережах Сейлор написав: «Ми повернулися», натякаючи на потенційне відновлення накопичення BTC після паузи в рутинних покупках Strategy раніше цього року.
Час має значення, тому що Сейлор має історію поширення неоднозначних підказок у стилі вихідних напередодні понеділкових оголошень, пов’язаних із діяльністю скарбниці Strategy. Якщо цей шаблон збережеться, публікацію можна буде трактувати як психологічний поштовх—тобто як ознаку того, що компанія готова знову спрямувати капітал, а не продовжувати більш обережний фокус на балансі.

Засновник-співзасновник Strategy Майкл Сейлор дав сигнал — через новий допис у X — що компанія може готуватися відновити купівлю біткоїна. У своєму останньому повідомленні Сейлор написав «We’re Back», що спричинило припущення, ніби компанія може повернутися до попередньої моделі корпоративних заяв про накопичення, які виходили в понеділок.
Для давніх спостерігачів за діями Strategy важливі строки. Раніші сигнали у стилі вихідних від Сейлора часто супроводжувалися офіційними оновленнями, пов’язаними з діяльністю казначейства на початку тижня, перетворюючи невеликі пости в соцмережах на своєрідний ринковий індикатор того, чого інвесторам варто очікувати далі.

Real Trump Coins заперечила свою участь у запуску токена під назвою «Trump Digital GOLD» після того, як проєкт ненадовго просував цей актив на основі Solana через свої онлайн-канали, перш ніж промоушен зник.
Компанія заявила, що ця активність була здійснена «зловмисниками-сторонніми особами», і зазначила, що співпрацює з правоохоронними органами для розслідування. Інцидент стався на тлі пильної уваги до того, як криптопромоушен може поширюватися швидко — і інколи залишати мінімум слідів — перш ніж платформи видаляють пости.
Ключові висновки