Welcome to This Week in Crypto, where we break down the biggest headlines shaping the digital asset space. From ETF updates to new tech partnerships, here’s what’s been making waves this week:

Here’s a quick look at what’s new:

  • Bitcoin hits 1.7% of global money supply: BTC’s market cap briefly reached $2.4 trillion, putting it at 1.7% of the total global money supply as central banks hint at possible rate cuts.
  • Strategy buys $357M in Bitcoin: Michael Saylor’s company added over 3,000 BTC to its balance sheet last week, bringing its total holdings to more than 632,000 BTC.
  • GameStop shopper pulls 1 BTC card: A lucky customer scored a full Bitcoin worth over $115,000 from a $13 pack of Cardsmiths’ Currency trading cards.

Let’s take a closer look at what it all means for the crypto space this week!

Bitcoin Inches Toward Bigger Piece of Global Money as Rate Cuts Approach

Bitcoin now makes up about 1.7% of the world’s total money supply, according to new data from Bitcoin firm River. The number reflects a comparison between Bitcoin’s market cap and the total value of major global currencies and gold. This update comes as the U.S. Federal Reserve signals that interest rate cuts could be on the horizon.

  • River’s report shows Bitcoin briefly reached a $2.4 trillion market cap, giving it a 1.7% share of global money.
  • The global total includes $112.9 trillion in traditional fiat currencies and $25.1 trillion in gold.
  • Fed Chair Jerome Powell noted that rates are moving closer to neutral, and future cuts may be coming.

Bitcoin and gold have both grown in share as concerns about inflation and monetary policy continue. While market responses vary, Bitcoin’s place among global assets has continued to rise over time.

Strategy Adds $357M in Bitcoin in August

Strategy, the business intelligence company led by Michael Saylor, reported adding more than $350 million in Bitcoin this month. The company now holds over 632,000 BTC, according to its latest SEC filing. This brings Strategy’s total August purchases to 3,666 BTC.

  • Strategy acquired 3,081 Bitcoin for $356.9 million during the past week.
  • The company made two smaller Bitcoin purchases earlier in August, totaling 585 BTC.
  • Strategy updated its 2025 performance goals, including targets tied to its Bitcoin holdings.

While the company’s Bitcoin buying activity slowed this month compared to July, it continues to remain active in the digital asset space.

Collector Wins 1 Bitcoin From $13 Pack of Trading Cards

A shopper at GameStop walked away with much more than they expected after opening a pack of trading cards. Inside was a card redeemable for 1 full Bitcoin, currently worth just under $115,000. The card came from Cardsmiths’ Currency Series, a line of collectibles that includes real crypto redemptions.

  • The Arizona-based buyer found a Bitcoin redemption card in a $13 pack of trading cards purchased at GameStop.
  • Cardsmiths’ Currency Series offers chances to redeem Bitcoin, Ethereum, Litecoin, and Dogecoin.
  • This marks at least the third time in the past year that someone has pulled a 1 BTC card from a Currency pack.

The buyer said they didn’t expect to actually win, but the card included a code to redeem the Bitcoin. They plan to keep half and give the other half away, based on a promise they made before hitting the jackpot.

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