BTC Weekly: Week 32-33 (2025)
Key Events from 8/3/2025-8/16/2025
Bitcoin Reaches All-Time High
Bitcoin hit a record high of $124,450 on August 14, 2025, before pulling back to $121,670, fueled by institutional demand and ETF inflows. (CNBC)Block Unveils Proto Rig for Bitcoin Mining
Block Inc. launched Proto Rig, a modular Bitcoin mining system with hot-swappable components, 14.1 J/Th efficiency, and a targeted 10-year lifecycle, alongside open-source Proto Fleet management software. (Block)Wells Fargo Quadruples Bitcoin ETF Holdings
Wells Fargo increased its Bitcoin ETF holdings to $160 million in Q2 2025, quadrupling its previous investment according to SEC filings. (CoinCentral)Michigan Pension Fund Expands Bitcoin ETF Exposure
Michigan’s state pension fund tripled its ARKB Bitcoin ETF holdings to 300,000 shares, valued at $10.7 million. (Bitcoin Magazine)Bo Hines Departs White House Crypto Council
Bo Hines departed his role as Executive Director of the White House Crypto Council to return to the private sector, expressing confidence in the continued development of a strategic U.S. Bitcoin reserve under new leadership. (Reuters)