Bitcoin Holds $76K as Capital B Adds 192 BTC, Crypto ETPs Bleed $1.07B and Hive Pivots to AI

Bitcoin News

Hive Digital Technologies, one of the longest-running publicly traded Bitcoin miners, saw its share price rocket roughly 26% to about $3.39 on Monday after unveiling a 320-megawatt artificial-intelligence data-center buildout in the Greater Toronto Area. Intraday gains briefly extended past 35% year-to-date, lifting the stock to its highest level of 2026. Hive's subsidiary, Buzz High Performance Computing, will spend an estimated C$3.5 billion (about $2.55 billion) on the "AI Gigafactory," billed as sovereign Canadian infrastructure with closed-loop cooling. The site is targeted to come online in the second half of 2027 and underscores how legacy miners are diversifying revenue away from pure hash power.

American Bitcoin (ABTC), the Trump-affiliated treasury vehicle co-founded by Eric Trump and Donald Trump Jr., disclosed it has accumulated more than 7,500 BTC since its Nasdaq debut in September, climbing to 15th globally among publicly traded Bitcoin holders. The firm reports more than 3x growth in its reserve and over 700 satoshis per share. The accumulation push arrived alongside Strategy's $2 billion purchase last week — its second-largest buy of 2026. Despite the bullish treasury narrative, ABTC stock tagged an all-time low today, dropping another 8% as shareholders absorbed dilution and a roughly 5% week-over-week slide in spot BTC.

Bitcoin Depot, one of the largest U.S. crypto cash-to-coin operators, filed for Chapter 11 bankruptcy in the Southern District of Texas and immediately took its global kiosk network offline. The Atlanta-based firm operated more than 9,000 ATMs as of August 2025 and cited mounting compliance costs, fraud-related enforcement and lawsuits that made the business model "unsustainable." Vinson & Elkins is acting as legal adviser while Portage Point Partners oversees the wind-down and asset sale. Canadian entities will enter parallel proceedings, and remaining non-U.S. subsidiaries are being shuttered under local law — marking the sector's largest collapse to date.

Citi flagged Bitcoin as disproportionately exposed to quantum-computing risk relative to blockchain peers, warning that the timeline for cryptographic threats is compressing. Analyst Alex Saunders pointed to Bitcoin's conservative governance and slower protocol-upgrade cadence, alongside roughly 6.5 to 6.9 million coins held in addresses with already-exposed public keys — including dormant pay-to-public-key wallets believed to belong to Satoshi Nakamoto. That stash represents about one-third of circulating supply, or close to $450 billion at current prices. Proof-of-stake networks were judged better positioned to migrate to post-quantum cryptography, though validator keys could still be at risk.

Paris-listed Capital B, formerly The Blockchain Group, added 192 BTC for €13 million at an average €67,866 per coin, pushing total holdings to 3,135 BTC — one of the largest corporate stacks in Europe. The buy was funded through €17.15 million in fresh capital, including a €15.2 million private placement at €0.66 per unit and a €1.1 million warrant tranche subscribed by Blockstream chief executive Adam Back. Custody runs through Swiss firm Taurus, with execution via Swissquote Bank Europe. Aggregate cost basis now stands at €283.6 million, and the company's year-to-date BTC Yield metric has reached 1.82%.

Global crypto investment products bled $1.07 billion last week, the third-largest weekly withdrawal of 2026 and the end of a six-week inflow streak. Bitcoin ETF products absorbed the brunt with $982 million in outflows, while Ethereum funds shed $249 million in their worst week since late January. Total assets under management slipped to $157 billion from $159 billion. The sell-off was almost entirely American — U.S.-listed products accounted for $1.14 billion of redemptions — while Switzerland, Germany and the Netherlands logged modest net inflows. XRP and Solana funds bucked the trend, attracting $67.6 million and $55.1 million respectively as rotation deepened.

Spot BTC trades near $76,420, down 2.12% over 24 hours with the trend mapping sideways inside a sliding daily range. Immediate support sits at $75,717, with deeper bids at $73,964 and $72,673; reclaiming $77,541 reopens a path toward $79,309 and the $80,589 resistance shelf. RSI at 43.68 reflects soft but not oversold momentum, while a bearish MACD reading suggests sellers retain near-term control. The bullish case hinges on a daily close above $77,541 alongside ETF flow stabilization; a clean break below $73,964 — especially on rising volume — would invalidate the consolidation thesis and open the $72,000 zone.