Strategy Bitcoin treasury hits breakeven point as BTC price passes $77K

Bitcoin ETFs, led by iShares Bitcoin ETF Trust (IBIT), saw $1.92B in inflows last week, the highest since October 2025. Bitcoin traded around $78,500, needing a 60.5% gain to reach its all-time high. Institutional investors are showing renewed interest in Bitcoin ETFs, with BlackRock processing $5B in Bitcoin swaps. The required transaction amount for Bitcoin-to-ETF exchanges has decreased significantly.

Bitcoin's surge above $80,000 boosted crypto-related stocks, including miners and digital asset firms. Circle's USDC stablecoin saw a supply increase, leading Bernstein to maintain an Outperform rating and $140 price target. Strategy's financial health depends more on capital market access than Bitcoin's price, while Solana's transaction volume hit a record, driving a 40% rally in SOL.

Ahead of Fed Chair Kevin Warsh's Jackson Hole speech, an unidentified trader moved $912 million in Bitcoin. Markets expect no rate change in September, with Bitcoin's price near $80,000. Treasury's bond buybacks may influence long-term yields and risk assets. Sygnum CIO notes the rally was driven by broader market factors. Large Bitcoin transfers often occur before Fed events due to anticipated volatility.

Kevin Warsh, Fed Chair, suggested inflation is not yet under control, increasing odds of a September rate hike to 60% according to CME Group. Gold and Bitcoin prices fell, with gold dropping 1.7% and Bitcoin sliding to $78,100. The S&P 500 and Nasdaq saw minor declines. Traders are pricing in short-term Fed tightening and betting on long-term inflation control.

Bitcoin traders awaited Fed Chair Warsh's speech for clues on interest rates but received no clear signals. Bitcoin remained flat near $80,000, with the crypto market cap at $2.7 trillion. Warsh stated forward guidance has 'overstayed its welcome' and emphasized focusing on economic data over Fed hints. Inflation remains a key focus, with the PCE index at 3.7%. Traders briefly sold Bitcoin after hawkish inflation remarks, but it quickly recovered.

Bitcoin (BTC) surged over 20% in three days, briefly reaching $81,000, sparking speculation about hitting $100,000 by year-end. The rally was driven by positive investor sentiment following U.S. presidential support for crypto legislation and hints of government Bitcoin accumulation. Prediction markets give Bitcoin a 25% chance of ending the year above $100,000.