Bitcoin Mining Stocks Surge 67% in August, Outperforming AI Stocks

Coin Circle (120bTc.coM): In August 2026, Bitcoin recorded a monthly increase of about 23%, reviving the long-pressured mining stocks back into the capital spotlight. According to the latest research report from BlocksBridge Consulting, the strong rally of Bitcoin in late August led to some mining companies significantly outperforming many artificial intelligence (AI) infrastructure stocks.

From the perspective of individual stock performance:

• Companies like Canaan, American Bitcoin, and Cango saw their stock prices rise between 41% and 67%.
• CoreWeave recorded an increase of about 21%.
• Nebius and IREN rose by 17% and 15%, respectively.

In contrast, some mining companies that have shifted towards AI and high-performance computing showed mediocre performance during the same period, with some even recording declines. Analysts pointed out that this round of market recovery was mainly driven by three macro catalysts: first, the U.S. Treasury significantly expanded liquidity support and bond repurchase scales; second, after the White House's crypto-themed meeting, market pessimism regarding the regulatory environment improved significantly; third, over $1.6 billion in short positions were liquidated in the derivatives market, triggering a strong short squeeze effect. This reflects that secondary market funds currently prefer to directly gain exposure to Bitcoin price fluctuations rather than merely betting on AI transformation narratives.

Institutionalization of Holdings

On the asset allocation front, corporate treasury strategies for accumulating Bitcoin are entering a phase of scaling and institutionalization. In the last week of August, Strive and Strategy, two listed entities, simultaneously executed large spot accumulation plans. Data shows that Strive purchased 1,800 Bitcoins at an average price of $79,431 from August 24 to 28, utilizing approximately $143 million. Combined with the 1,110 Bitcoins purchased the previous week at an average price of $73,409, their total inventory has reached 23,156 Bitcoins, officially making them the fifth-largest publicly traded company holding this asset globally.

Meanwhile, after four reductions in May, Strategy returned to the buying side, acquiring 4,603 Bitcoins at an average price of $80,318, pushing its total holdings on the balance sheet to over 845,000 Bitcoins. The actions of these two giants coincided with the liquidity easing expectations triggered by the U.S. Treasury's announcement to increase long-term bond repurchases on August 19.

On the other hand, Bitmine has shown strong strategic resolve in the capital accumulation within the Ethereum ecosystem. Last week, the institution again invested in 53,501 Ether (ETH), extending its consecutive accumulation record to 65 weeks. To date, Bitmine's total holdings have exceeded 5.9 million Ether, valued at approximately $14.8 billion based on the market price of $2,511 at that time, accounting for 4.9% of the total circulating supply of 120.7 million Ether. Although it still bears an unrealized loss of about $5.1 billion, Chairman Tom Lee publicly stated that since June 30, core crypto assets like Ether have outperformed many macro asset classes, laying the foundation for more institutional capital to enter in the future.

Global Compliant Stablecoins Gearing Up

Beyond the expansion of corporate balance sheets, traditional banks are attempting to penetrate the digital economy's core from the perspective of clearing and settlement infrastructure. A consortium of 21 major international financial institutions, led by Bank of America, Goldman Sachs, and Citi, has announced plans to jointly develop and issue a compliant stablecoin network pegged to fiat currencies.

According to the established roadmap, the alliance plans to launch a U.S. dollar stablecoin to the market in the first half of 2027, gradually expanding to other fiat currencies like the euro from G7 economies. This product matrix will comprehensively cover wholesale, institutional, and retail markets, deeply embedding itself in the clearing and settlement of cross-border payments and digital assets.

This multinational plan is a substantial upgrade from the public chain fiat currency exploration project initiated by ten banks last October. The alliance's reach now spans key financial hubs across North America, Europe, East Asia, and the Middle East, strictly aligning with the U.S. GENIUS Act and the EU MiCA regulatory framework. This marks a significant move by traditional financial institutions to take the lead in pricing and circulation standards for on-chain infrastructure.