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Welcome to the morning briefing in Asia, a daily summary of the best stories during the hours and an overview of market movements and analyzes. For a detailed overview of the American markets, see the Americas of the Coindesk Crypto Daybook.
Bitcoin Treasury companies talked about the city during the recent BTC Asia conference in Hong Kong, and ONCHAIN data show that they hold more than ever in their virtual chests, but a new cryptocurrency report stresses that they are a little more cautious in their cryptographic actions.
Cryptoque data show that the holding up holds of Treasury BTC Aggregée reached 840,000 BTC this year, led by a strategy with 637,000 BTC.
However, the average size of the purchase collapsed: the strategy only bought 1,200 BTC per transaction in August, while other companies had an average of 343 BTC. The two figures are down 86% compared to the heights at the beginning of 2025, reporting smaller and more hesitant purchases which suggest liquidity constraints or decreasing conviction.
The figures show a striking divergence. The transaction activity is close to record levels, 53 transactions in June and 46 in August, but each agreement involves much less bitcoin.
The strategy only acquired 3,700 BTC in August, against 134,000 BTC at its peak last year, while other cash companies slipped to 14,800 BTC against 66,000 BTC.
The decrease in the average size of the agreement suggests that treasury bills are still active but do not want to commit major capital blocks, reflecting both liquidity constraints and a more prudent market psychology.
All of this should be considered a concern for investors, as BTC prices growth in the second quarter of the year was largely motivated by accumulation by cash companies, according to Coindesk indices.
At the end of August 2025, the institutions absorbed more than 3100 BTC per day against only 450 mines, creating an imbalance in the request of 6: 1 which underlined how the incessant institutional purchase increased the price of Bitcoin, said Coindesk at the time.
This sullen request increases the risk that the current price force can be less durable if treasury bills continue to buy cautiously rather than on the scale.
This does not mean that there is no growth in the BTC treasure sector. It’s just smaller.
Bitwise reports that 28 new cash companies were formed in July and August only, collectively adding more than 140,000 BTC.
Meanwhile, Asia is becoming the next front for digital asset cash companies while Sora Ventures, based in Taiwan, launched a $ 1 billion fund to sow regional treasury companies, with an initial commitment of $ 200 million.
Unlike Metaplanet, the largest public cash in Asia with 20,000 BTC on its balance sheet, Sora’s vehicle will pool institutional capital to support several participants.
That the new wave of Asia compensates for the narrowed bite sizes of holders in accumulation is now the central question of the next phase of adoption of Bitcoin – and where the price goes.
Market movement
BTC: Bitcoin remains resilient around the range of $ 110,000 to $ 113,000, supported by the expectations of federal reserve rate reductions, the increase in institutional entries via ETF and improving market feeling in the middle of macroeconomic uncertainty
ETH: Ethereum is negotiated near the level of $ 4,300. Its short -term weakness, with a weekly drop of 3.8%, is allocated to ETF outings and seasonal pricing exchanges in September. However, longer -term perspectives remain positive, supported by institutional interests, an increasing implementation activity and speculative forecasts targeting $ 4,600 to $ 5,000 if the resistance breaks
Gold: Gold is gathered to record levels in a combination of job data in low United States, an increase in Fed easing expectations, a gentle American dollar, political and economic uncertainty and continuous accumulation of the Central Bank of Lingots.
Nikkei 225: Actions in Asia-Pacific mainly increased on Monday, Japan Nikkei 225 up 1.5% after Prime Minister Shigeru Ishiba resigned after pressure from his electoral defeat.
Elsewhere in crypto
- The CEO of Chainlink considers tokenization as an increasing future of the sector after having met the Atkins de Sec (Coindesk)
- Why the CEO of Sharplink thinks that the creator of Bitcoin Satoshi Nakamoto will return (Decrypt)
- Funding: why VC Crypto now bet on the prediction markets (the block)
