Brew, 24 Aug 2026.
Top signal today: Bitcoin network hashrate trend (100/100, tailwind).
BTC $77,435
- 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).
- 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.
- 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 ~0.642x 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.
- Hiring velocity41/100headwind
Tracked Bitcoin/crypto-infra firms have 336 open roles, -20 vs 30 days ago (-5.6%). Teams staff up before they ship and grow; rising hiring may be an early demand tell (predictive value not yet backtested).