Bitcoin Hovers Around $115K, Ether Stays below $4300
Strategy Adds 430 BTC, Now Holds $46.15B In Bitcoin
Strategy, formerly known as MicroStrategy, has added 430 more Bitcoin to its treasury between August 11–17, spending $51.4 million at an average price of $119,666 per coin.
The firm’s total holdings now stand at 629,376 BTC, worth $46.15 billion at current prices. The purchase came during a volatile week when Bitcoin fell below $115,000.
Alongside the buy, Strategy updated its capital allocation plan, linking MSTR equity issuance to net asset value multiples, allowing flexibility in debt repayment, share repurchase, and further Bitcoin accumulation.
U.S. Treasury Seeks Public Input On GENIUS Stablecoin Bill
The U.S. Treasury has opened public consultation on the GENIUS Act, a stablecoin regulation law signed on July 18, 2025.
Citizens, businesses, and experts can submit views on digital identity, blockchain surveillance, AI use, and APIs by October 17. Treasury Secretary Scott Bessent described the law as a “win-win-win,” strengthening stablecoin issuers and boosting demand for U.S. Treasuries.
Circle CEO Jeremy Allaire praised the move, calling it proof of America’s readiness to embrace safer, more transparent, and inclusive digital finance.
SEC Extends Review Of Nine Crypto ETF Filings Into October
The U.S. Securities and Exchange Commission has delayed rulings on nine crypto ETF applications, pushing decisions into October.
The filings include the Truth Social Bitcoin and Ethereum ETF, spot Solana ETFs by 21Shares and Bitwise, and the 21Shares Core XRP Trust. New deadlines fall between October 8 and 19. The Truth Social ETF, first submitted in June, would directly hold Bitcoin and Ether.
Meanwhile, the Solana ETFs would mark the first U.S.-approved products offering institutional and retail exposure to Solana’s price movements.
South Korea To Propose Stablecoin Regulation Bill In October
South Korea’s Financial Services Commission will submit a stablecoin regulation bill to the National Assembly in October.
The law, part of the Virtual Asset User Protection Act, will focus on won-backed stablecoins, setting standards for issuance, collateral management, and internal controls.
Lawmaker Park Min-Kyu confirmed the timeline following FSC briefings. Political momentum has grown since President Lee Jae-Myung pledged support for a won-pegged stablecoin. Multiple lawmakers have also introduced related proposals, aiming to establish clear rules for digital assets in payments and trading.
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