Bitcoin Holds Above $65,100 as Strategy Sells 1,690 BTC

The crypto market moved higher even as the Senate failed to advance the CLARITY Act before beginning its recess. Instead, continued ETF inflows and a weaker U.S. dollar appear to have provided the main support for prices, outweighing the lack of progress in Washington.

Bitcoin’s Weekend Trading Range Shrinks to 2023 Levels

Bitcoin experienced an unusually narrow trading session over the weekend. On Saturday, the difference between its UTC daily high and low was only about $350, according to TradingView data.

That marked Bitcoin’s smallest Saturday trading range since Nov. 25, 2023, when the spread was just $297. Bitcoin was trading near $38,000 at that time, making the recent compression particularly notable given its much higher price today.

The limited movement also highlights how subdued Bitcoin’s percentage-based volatility has become despite its significantly larger dollar value.

Weekend trading in crypto is generally quieter because liquidity is thinner and institutional investors, market makers and ETF-related activity are less active outside traditional market hours.

Strategy Expands Dollar Reserves After Selling Bitcoin and Shares

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

The company also raised $653.1 million through the sale of 6.59 million MSTR shares. Of that amount, $650 million was allocated to its U.S. dollar reserve, while $3.1 million was retained as cash.

Strategy’s dollar reserve has now grown to $4.65 billion. Its Bitcoin holdings declined to 840,447 BTC, purchased for a total of $63.36 billion at an average cost of $75,385 per coin.

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

MSTR shares gained 0.5% in premarket trading Monday as Bitcoin hovered around $65,000.

Standard Chartered Sets $200 Chainlink Target for 2030

Chainlink could benefit significantly from the continued tokenization of traditional financial assets, according to Standard Chartered, which has initiated coverage of LINK with a $200 price target for the end of 2030. The token was trading around $8 at the time of the report.

As more financial instruments migrate onto blockchains and into decentralized finance, demand for dependable data infrastructure and blockchain connectivity is expected to increase, according to Geoffrey Kendrick, Standard Chartered’s head of digital asset research.

Kendrick described Chainlink as an institutional-grade solution for bringing data onto blockchains and securely transferring it across networks.

Chainlink already connects an estimated 70% of DeFi markets globally, according to Kendrick. If tokenized assets continue to expand, the resulting growth in onchain activity could generate additional demand for Chainlink services and increase fee revenue, potentially supporting LINK’s valuation.

The main risks are that tokenization develops more slowly than anticipated or rival networks reduce Chainlink’s current market advantage.

TSMC Sales Surge as AI Chip Demand Remains Strong

Taiwan Semiconductor Manufacturing Co. reported a 45% year-over-year increase in July revenue to NT$467.58 billion, or roughly $14.5 billion. The company manufactures chips for major technology firms including Nvidia and Apple, and the latest results suggest demand for AI hardware remains resilient despite recent market volatility.

Analysts expect TSMC’s sales to increase 46.8% in the current quarter.

The figures follow TSMC’s decision to raise its 2026 revenue and capital-spending outlook. The company now expects to spend a record $60 billion to $64 billion on capital expenditures, reflecting confidence that demand for AI chips will remain strong through 2027 and beyond.

SK Hynix also announced a $38 billion expansion plan on Friday, reinforcing expectations that the AI infrastructure buildout remains in an aggressive growth phase.

For cryptocurrency markets, continued strength in semiconductor demand offers a supportive signal for broader risk sentiment. Bitcoin has loosely followed the AI-driven market trade, meaning persistent chip demand could help maintain a favorable backdrop. BTC was trading around $65,200 on Monday and remained higher for the week.

H100 Expands Bitcoin Holdings to 3,506 BTC

European Bitcoin-focused company H100 has completed what its CEO Sander Andersen described as the largest Bitcoin-related public equity M&A transaction in European history.

The deal added 2,455 BTC to the company’s holdings, taking its total Bitcoin position from 1,051 BTC to 3,506 BTC. The transaction was completed entirely in Bitcoin, with no cash payment and no new debt assumed.

The acquisition was valued at 1.0 times net asset value and increased Bitcoin holdings per fully diluted share by 5%.

H100 shares rose 6% on Monday.

Bitcoin Holds Above $65,000 Despite CLARITY Act Delay

Bitcoin remained around $65,200 Monday, up roughly 3.7% over the past week, according to CoinDesk data. The move extends the recovery from an early-August low near $62,000 and has lifted other major cryptocurrencies as well.

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

The market remained resilient despite the Senate’s failure to advance the CLARITY Act before lawmakers left Washington for the August recess. The bill received 51 votes, falling short of the 60 required to proceed, with the earliest potential action now pushed to Sept. 14.

The market’s reaction suggests that the legislative delay had already been largely reflected in prices. Rather than creating another major shock, the failed vote appears to have confirmed expectations that the legislation would be delayed.

Current buying pressure appears to be coming more from market flows than from political headlines.

Spot Bitcoin ETFs have recorded consecutive days of net inflows, while the weaker dollar following the disappointing U.S. jobs report has created a more favorable environment for Bitcoin.

Strategy Chairman Michael Saylor also added to the bullish mood over the weekend by sharing the company’s Bitcoin-buying chart with the caption “Doing business.” The post came shortly after Strategy disclosed the sale of roughly 1,638 BTC to finance share buybacks, prompting speculation that another Bitcoin purchase could be forthcoming.

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