Good morning, Asia. This is what news is doing in the markets:
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Bitcoin Treasury companies were the city’s conversation during the recent BTC Asia Conference in Hong Kong, and the chain data shows that they have more than ever in their virtual coffers, but a new Cryptoquant report highlights that they are being a little more cautious in their cryptographic purchases.
Cryptocantes show that BTC Treasury Holdings added 840,000 BTC this year, led by a strategy with 637,000 BTC.
However, the average purchase size has collapsed: the strategy bought only 1,200 BTC per transaction in August, while other companies averaged 343 BTC. Both figures have dropped 86% since the beginning of 2025 maximums, indicating smaller and hesitant purchases that suggest liquidity or decrease restrictions.
The numbers show a surprising divergence. The transaction activity is almost record levels, 53 agreements in June and 46 in August, but each agreement implies much less Bitcoin.
The strategy acquired only 3,700 BTC in August compared to 134,000 BTC in its peak last year, while other treasure companies fell to 14,800 BTC of maximum 66,000 BTC.
The decrease in the average size of the agreement suggests that treasure bonds remain active but are not willing to commit large capital blocks, reflecting the limitations of liquidity and a more cautious market psychology.
All this should be considered a concern for investors, such as the growth of BTC prices in the second quarter of the year was largely driven by the accumulation by the Treasury companies, as shown in Coindesk’s index data.
At the end of August 2025, the institutions were absorbing more than 3,100 BTC per day against only 450 extracted, creating an imbalance of demand supply of 6: 1 that stressed how the implacable institutional purchase was promoting the highest bitcoin price, Coindesk reported at that time.
This hunched demand increases the risk that the current price force is less sustainable if the treasure bonds continue to be bought with caution instead of scale.
That does not mean that there is no growth in the BTC treasure sector. It’s just smaller.
Bitwise reports that 28 new treasure companies were formed only in July and August, collectively adding more than 140,000 BTC.
Meanwhile, Asia is emerging as the next front for digital assets treasure companies, since Sora Ventures, based in Taiwan, has launched a $ 1 billion fund to plant regional treasure companies, with an initial commitment of $ 200 million.
Unlike Metaplenet, the largest public treasury firm in Asia with 20,000 BTC in its balance, Sora’s vehicle will group the institutional capital to support multiple participants.
If the new wave of Asia compensates for the bite sizes of the headlines in the accumulation is now the central question for the next Bitcoin adoption phase, and where the price is going.
Market movement
BTC: Bitcoin remains resistant around the $ 110K range– $ 113K, backed by the expectations of federal reserve tariffs, increasing institutional tickets through ETF and a better feeling in the market in the midst of macroeconomic uncertainty
ETH: Ethereum is quoted near the level of $ 4,300. Its short -term weakness, with a weekly decrease of 3.8%, is attributed to ETF exits and seasonal passionate trade in September. However, the longer term perspective remains positive, promoted by institutional interest, the growing activity of rethinking and speculative forecasts aimed at $ 4,600– $ 5,000 if the resistance is broken
Gold: Gold is recovering at record levels in the middle of a combination of weak employment data of the USA, increases in food expectations, a soft dollar, political and economic uncertainty and the continuous accumulation of bullion of the Central Bank.
Nikkei 225: Asia-Pacific’s shares mostly increased on Monday, with Japan Nikkei 225 1.5% after Prime Minister Shigeru Ihiba resigned after the pressure of his electoral defeat.
In another part of crypto
- Chainlink’s CEO sees tokenization as the growing future of the sector after complying with the SEC (Coindesk) ATKINS
- Why the Sharplink CEO believes that the creator of Bitcoin Satoshi Nakamoto will return (Decrypt)
- Financing: why cryptographic VCs are betting on prediction markets now (the block)
