Brew, 23 Aug 2026.

BTC $77,100 · as of 2026-08-23

1. Network hashrate100/100tailwind

   Network hashrate is ~1020.3 EH/s, +27.1% over 30 days. Rising hashrate reflects growing miner commitment and network security; sustained trends can precede price (not yet backtested).

   blockchain.info hashrate chart · as of 2026-08-16

2. Sovereign reserves76/100tailwind

   6 states hold ~630,180 BTC as reserves; 2 more have announced or proposed legislation. Sovereign demand is structural and policy-led, so it tends to precede flows.

   CoinBucha Sovereign Bitcoin Reserve Monitor · as of 2026-08-10

3. Corporate treasuries54/100neutral

   179 public companies hold ~1,282,517 BTC (top: Strategy, 840,447 BTC). Corporate treasury accumulation is structural institutional demand; the trend strengthens as history accrues. Strategy (MSTR) trades at an observable ~0.644x mNAV — its equity value vs the value of its 840,447 BTC (quote 2026-08-21); reported as a number only, not a valuation judgement.

   CoinGecko — public company Bitcoin treasuries · Stooq — MSTR.US equity quote · as of 2026-08-23

4. Hiring velocity43/100headwind

   Tracked Bitcoin/crypto-infra firms have 337 open roles, -16 vs 30 days ago (-4.5%). Teams staff up before they ship and grow; rising hiring may be an early demand tell (predictive value not yet backtested).

   Block careers · River careers · Gemini careers · BitGo careers · Fireblocks careers · as of 2026-08-23

Information, not financial advice. Signals describe observable conditions, not recommendations.