Bitcoin’s (CRYPTO: $BTC) win streak continued for a third consecutive week as the cryptocurrency’s price hovers near $80,000 U.S. on Sept. 4. Bitcoin and other cryptocurrencies such as Ethereum (CRYPTO: $ETH) continue to outperform the broader market as investors seek safety from volatile stocks and a fragile bond market.
Bitcoin’s price rose 5% for the past week and hit a high of $82,272.31 U.S. on Sept. 3. That was its highest level since May 11 when the price reached $82,499.99 U.S. The three-week win streak is a recovery for Bitcoin, which had been rangebound between $60,000 U.S. and $65,000 U.S. for several months.
Other cryptocurrencies also continue to rally, with Ethereum’s price hitting a multi-month high of $2,545.62 U.S. on Sept. 4. Smaller cryptocurrencies and memecoins are also marching higher, with Dogecoin’s price gaining 10% on Sept. 3 to trade at $0.09 U.S. per token. Bitcoin last hit a record high of just over $126,000 U.S. on Oct. 6, 2025.
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Here’s what else happened with cryptocurrencies over the past week…
Strategy Buys $370 Million Of Bitcoin: Strategy (NASDAQ: $MSTR) bought $370 million U.S. of Bitcoin. It was the company’s first Bitcoin purchase in two months. Strategy acquired 4,603 Bitcoins at a cost of $369.7 million U.S. The company paid an average price of $80,318 U.S. per BTC. Strategy said that it funded the latest Bitcoin purchases through the sale of $602.80 million U.S. of common stock. The company now owns 845,050 Bitcoin worth $63.73 billion U.S.
Coinbase And Webull Join Forces In Canada: Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) has expanded its partnership with online trading platform Webull (NASDAQ: $BULL) to Canada. Coinbase said that Webull Canada will use its Crypto-as-a-Service platform to support digital asset trading and custody in the Canadian marketplace. The arrangement gives Webull access to Coinbase’s liquidity and infrastructure while allowing Canadian customers to trade digital assets such as Bitcoin without leaving the Webull platform.
Anthropic To Acquire Computing Power From Hut 8: Artificial intelligence (A.I.) startup Anthropic will acquire computing power from Hut 8’s (NASDAQ: $HUT) Texas data centre facility. Anthropic has agreed to spend $35 billion U.S. buying computing capacity from privately held Lambda, an A.I. cloud company backed by chipmaker Nvidia (NASDAQ: $NVDA). Some of that capacity will be provided by Hut 8’s Beacon Point data centre in Texas, a sprawling 525-acre campus with access to up to one gigawatt of power and an existing grid connection.