Bitcoin Surges 24% in August as Strive Rises to Fifth-Largest Public Holder

Bitcoin has posted a stellar monthly recovery, gaining approximately 23.5% to trade near the $78,000 threshold.

This strong performance has significantly improved market sentiment, adding over 11,000 new Bitcoin millionaire addresses to the blockchain network over the course of the month.

Amid this broader market upswing, institutional accumulation has continued to make major headlines. Most notably, asset manager Strive officially secured
its position as the fifth-largest public corporate Bitcoin treasury following a major acquisition of 1,800 BTC.

September Outlook

The August rally was heavily propelled by sustained institutional demand, characterized by billions in inflows via U.S. spot Bitcoin ETFs before a minor late-month cooling period. While the broader trend remains bullish, analysts are mapping a potentially volatile September, with median price targets hovering around $81,319.

Technical analysts note that Bitcoin must consistently defend the $77,000 to $80,000 zone to maintain its upward trajectory heading into the final quarter of the year.

The steady growth of corporate treasuries, combined with recovering on-chain metrics, indicates that institutional actors continue to view major market dips as long-term accumulation opportunities.

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