BTC Holds Firm Above $65,100 Following Strategy’s 1,690 BTC Sale

Bitcoin remained above $65,000 on Monday as traders largely brushed aside the Senate’s failure to advance the CLARITY Act before its August recess. Persistent spot ETF inflows and a softer U.S. dollar appeared to provide more support for the market than Washington’s latest crypto policy setback.

Bitcoin’s Saturday Trading Range Shrinks to $350

Bitcoin posted an unusually quiet weekend session, with its Saturday high and low separated by only $350, according to TradingView data.

It was BTC’s narrowest Saturday range since Nov. 25, 2023, when the cryptocurrency moved just $297. Bitcoin was trading near $38,000 at that time, making the latest compression notable given that its price is now above $65,000.

The tight range also points to subdued volatility on a percentage basis. Weekend trading tends to be thinner because institutional desks and market makers are less active, while ETF-related flows are largely concentrated in regular market hours.

Strategy’s Cash Buffer Climbs to $4.65B

Strategy sold 1,690 BTC for $108.6 million last week and used the proceeds to repurchase 1,152,020 STRC preferred shares.

The company also generated $653.1 million from selling 6.59 million MSTR shares. Of that total, $650 million was added to its U.S. dollar reserve and $3.1 million was retained as cash.

The reserve now stands at $4.65 billion. Strategy’s Bitcoin holdings have declined to 840,447 BTC, acquired for $63.36 billion at an average price of $75,385.

The company still has $785.2 million available for preferred-share repurchases and another $1 billion earmarked for MSTR buybacks.

MSTR was up 0.5% in premarket trading Monday while Bitcoin traded around $65,000.

Standard Chartered Sees LINK Reaching $200 by 2030

Standard Chartered expects Chainlink to benefit from the growing use of blockchain technology to tokenize traditional financial assets. The bank initiated coverage of LINK with a $200 target for the end of 2030, compared with roughly $8 currently.

Geoffrey Kendrick, Standard Chartered’s head of digital asset research, said expanding tokenization and DeFi markets will require increasingly reliable data and infrastructure.

Chainlink currently connects about 70% of global DeFi markets, Kendrick said. As more assets move onchain, greater activity could increase demand for Chainlink’s services and generate additional fees, supporting the token’s value.

The thesis could be challenged if tokenization expands more slowly than expected or competing networks erode Chainlink’s market position.

TSMC Revenue Jumps 45% as AI Boom Continues

Taiwan Semiconductor Manufacturing Co. reported a 45% increase in July revenue to NT$467.58 billion, or about $14.5 billion, adding to evidence that demand for AI chips remains strong.

TSMC, which manufactures semiconductors for companies such as Nvidia and Apple, is expected by analysts to post 46.8% sales growth for the current quarter.

The company recently raised its 2026 spending and revenue forecasts, with planned capital expenditure reaching a record $60 billion to $64 billion. TSMC expects AI-related demand to remain robust through 2027 and beyond.

SK Hynix’s $38 billion expansion commitment announced Friday offered another signal that investment in AI infrastructure is accelerating.

For crypto markets, resilient semiconductor demand supports the broader risk-on environment. Bitcoin, which has loosely followed the AI-driven trade, remained near $65,200 Monday and was higher over the week.

H100 Expands Bitcoin Treasury to 3,506 BTC

European Bitcoin-focused firm H100 completed a Bitcoin-for-Bitcoin acquisition that CEO Sander Andersen described as the largest public Bitcoin equity M&A transaction in European history.

The deal added 2,455 BTC, taking H100’s total holdings from 1,051 BTC to 3,506 BTC. The transaction involved no cash and added no debt.

The acquisition was completed at a 1.0-times net asset value multiple and increased Bitcoin per fully diluted share by 5%.

H100 stock rose 6% Monday.

Bitcoin Shrugs Off CLARITY Act Setback

Bitcoin was trading near $65,200 Monday, up 3.7% over the past week, according to CoinDesk data. BTC has recovered from an early-August low around $62,000, with gains spreading across much of the broader market.

Ether traded near $1,925, while BNB, Solana and TRON also posted weekly gains.

The rally came despite the Senate failing to advance the CLARITY Act before lawmakers left for their August recess. The bill secured 51 votes, falling nine short of the 60 required, with the earliest potential Senate action pushed to Sept. 14.

The relatively muted reaction suggests investors had already priced in a delay. Rather than representing a new negative catalyst, the failed vote largely confirmed expectations that the legislation would be pushed into the fall.

For now, capital flows appear to be playing a larger role in Bitcoin’s direction than developments in Washington.

Spot Bitcoin ETFs have continued to attract inflows, while a weaker dollar following last week’s disappointing jobs report has eased some of the pressure on risk assets.

Strategy Chairman Michael Saylor also hinted at potential fresh buying over the weekend, posting the company’s Bitcoin acquisition chart alongside the words “Doing business.” The post came shortly after Strategy disclosed the sale of about 1,638 BTC to help fund share buybacks.