XRP has recently seen a significant uptick in market activity, with its 24-hour trading volume reaching approximately $3 billion on Sunday. With a circulating supply of around 62.74 billion tokens and a total supply of roughly 99.98 billion, XRP continues to attract growing investor attention and trading activity.

Alongside the surge in trading volume, institutional demand for XRP is heating up. US spot XRP ETFs have seen consistent inflows recently; the week ending August 30 recorded a cumulative net inflow of approximately $110 million, the highest weekly figure since 2026, further heightening market interest in XRP’s future performance.

Surprisingly, however, despite the simultaneous rise in trading volume and institutional demand, XRP’s price failed to rally as expected, instead pulling back to around $1.36. This “rising demand, falling price” dynamic has prompted many investors to re-evaluate XRP’s current valuation and future trajectory.

For long-term XRP holders, the question of how to generate passive income, beyond simply waiting for price appreciation, has become a key focus.

Consequently, an increasing number of investors are turning to the EX DeFi cloud mining platform, seeking to boost their returns through cloud mining rather than relying solely on price increases for profit.

Why did the XRP price pull back despite surging demand?

Although market demand for XRP remains strong, the price has retreated, indicating that new buying pressure is not yet sufficient to fully offset selling pressure in the spot market.

Analysts suggest that after XRP’s recent rapid rally, some investors opted to take profits while leveraged long positions were liquidated. These factors likely amplified short-term selling pressure, creating a temporary divergence between the continuous inflow of ETF capital and the spot price of XRP.

Therefore, the current pullback in XRP’s price does not necessarily signal a decline in market demand; rather, it likely reflects the interplay of institutional inflows, portfolio rebalancing by “whales,” short-term profit-taking, and leveraged trading activity. Meanwhile, recent XRP long positions totaling approximately $48 million have further heightened market interest; XRP remains a prominent cryptocurrency attracting significant attention within the 2026 digital asset market.

As the price of XRP fluctuates, EX DeFi cloud mining has emerged as an alternative method for generating passive income.

With increasing volatility in XRP prices, more investors are looking for other ways to earn passive income. EX DeFi offers sustainable energy-based cloud mining solutions, providing investors with a way to participate in the digital asset ecosystem without the need for specialized hardware or complex technical expertise.

Compared to traditional mining, cloud mining reduces the burden on users regarding hardware procurement, power supply, equipment maintenance, and daily operations. The platform manages computing power and operations, while users participate in mining and track their earnings through an automated system.

For investors who hold XRP long-term but wish to explore other avenues for generating returns from digital assets, cloud mining offers a participation model that goes beyond simply waiting for the XRP price to rise.

About EX DeFi

Founded in 2021 and headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks, including the Markets in Crypto-Assets Regulation (MiCA) and the Markets in Financial Instruments Directive II (MiFID II), while continuously enhancing transparency, operational standards, and user protection mechanisms.

Security and compliance measures include:

Annual financial and security audits conducted by PwC;

Custodial digital asset insurance provided by Lloyd’s of London;

Enterprise-grade security solutions powered by Cloudflare and McAfee®;

Implementation of multi-layer encryption architecture, 24/7 monitoring, and real-time risk management mechanisms.

The platform currently supports a wide range of mainstream crypto assets, including XRP, BTC, ETH, USDT, BNB, ADA, USDC, DOGE, LTC, and SOL.

Even beginners can get started with mining.

Step 1: Register an Account

Sign up for a free account on the official EX DeFi platform using your email address. New users receive a $17 trial bonus.

Step 2: Select a Mining Package

Choose a cloud mining contract that suits your budget, participation timeframe, and specific needs, then launch the mining service with a single click. 

Step 3: Start Earning Returns

Once the contract is activated, the system automatically allocates computing power, and earnings are settled automatically. Users can choose to withdraw their earnings or continue participating based on their preferences.

Popular Mining Plans:

BTC (Beginner Trial Contract): Investment $100, Duration: 2 days, Daily Return: $4, Total Profit: $100 + $8

DOGE (Goldshell Mini-Doge Pro): Investment $500, Duration: 6 days, Daily Return: $6.5, Total Profit: $500 + $39

BTC (Canaan-Avalon-A1466): Investment $1,000, Duration: 10 days, Daily Return: $13.4, Total Profit: $1,000 + $134

LTC (Bitmain Antminer L7): Investment $5,000, Duration: 20 days, Daily Return: $73.5, Total Profit: $5,000 + $1,470

BTC (Bitmain S19K-Pro): Investment $10,000, Duration: 30 days, Daily Return: $161, Total Profit: $10,000 + $4,830

Please visit the EX DeFi platform to view more details regarding returns.

Conclusion

While XRP has recently seen a significant increase in trading activity and institutional demand, its price has experienced a pullback. However, given the evolving dynamics of ETF capital flows, “whale” activity, and market sentiment, XRP retains significant value potential for the future.

For long-term XRP investors, beyond monitoring price trends and ETF inflows, there is also the opportunity to participate in digital asset services like EX DeFi cloud mining. Whether you are a novice or an experienced investor, you can leverage XRP to generate stable passive income.

Digital currency represents the future of finance; join the EX DeFi cloud mining platform today and start reaping the rewards of the digital currency era!

Strategy has resumed Bitcoin purchases after a brief pause, acquiring 4,603 BTC for $370 million, according to a Monday Form 8-K filed with the U.S. Securities and Exchange Commission. The transaction raises the company’s total treasury to 845,050 BTC.

In the filing, Strategy reports an average purchase price of $80,318 per Bitcoin, bringing cumulative acquisitions to $63.3 billion at an average cost of $75,413. The company funded the buy using net proceeds from a 602 million MSTR common stock sale, while also allocating part of those proceeds to corporate cash and share repurchases.

Key takeaways

• Strategy bought 4,603 BTC for about $370 million at an average price of $80,318, lifting treasury holdings to 845,050 BTC.
• The purchase was funded through net proceeds from a 602 million MSTR common stock sale, with additional uses including cash and STRC repurchases.
• The deal marks Strategy’s first corporate Bitcoin acquisition since mid-June, when it purchased 1,587 BTC for roughly $100 million.
• Preferred stock STRC remains central to Strategy’s funding model, and trading below par can constrain the company’s ability to raise capital via STRC sales.

A funded Bitcoin buy adds to Strategy’s 2026 accumulation

The SEC filing details how the 4,603 BTC acquisition was executed and financed. Strategy paid an average of $80,318 per Bitcoin, resulting in a total purchase price of $370 million. After this addition, its Bitcoin holdings stand at 845,050 BTC, reflecting ongoing accumulation rather than a shift to a hedging or diversification strategy.

Strategy also used the financing package to manage near-term corporate balance sheet priorities. The filing says $30 million of the net proceeds was directed to increase Strategy’s USD cash reserve, while $151.8 million went toward repurchasing preferred STRC stock. That split highlights a familiar pattern for the company: continuing BTC accumulation while simultaneously smoothing funding mechanics tied to preferred shares.

Why the STRC discount matters for future treasury moves

STRC—Strategy’s perpetual preferred stock—trades based on expectations for how the company will fund Bitcoin purchases and dividends. On Monday pre-market trading, Yahoo Finance data showed STRC changing hands at $97.33, about a 2.67% discount to its intended $100 par value.

In practice, that discount can affect Strategy’s ability to raise funds efficiently through STRC issuance. The article’s background context notes that trading below par limits how much capital the company can attract via STRC sales. If that continues, investors may watch whether Strategy compensates by adjusting nominal dividend expectations to keep STRC competitive—potentially increasing pressure on its cash flows.

Strategy’s preferred-share structure has been a key part of its “capital framework,” which it outlined in a prior SEC filing dated June 29. Earlier coverage from Cointelegraph described how Strategy’s framework allows Bitcoin sales to fund dividends and increased the annual dividend rate on STRC to 12%. The combination of BTC accumulation, dividend policy, and STRC market pricing is the balance Strategy is currently managing as it scales treasury size.

Signals from Saylor and what changed since mid-June

The new purchase comes after a pause. Strategy’s most recent previously reported corporate Bitcoin acquisition occurred in mid-June, when the company bought 1,587 BTC for roughly $100 million. The Monday filing therefore marks a clear resumption of corporate buying after that earlier tranche.

The timing also aligns with messaging from Strategy’s co-founder and executive chairman, Michael Saylor. Cointelegraph previously reported that Saylor had signaled the company was “back to Bitcoin buying.” On Sunday, he posted “We’re Back” in a widely viewed X post—an approach he has used before major treasury announcements.

While the purchase itself is confirmed by the SEC filing, the sequence of Saylor’s public signaling followed by an official 8-K underscores how investors often treat weekend social posts as potential precursors to larger corporate actions. For traders, the practical takeaway is that corporate treasury updates tied to preferred-stock financing may reintroduce event-driven volatility around MSTR and STRC even when spot market conditions are unchanged.

Market reaction and the next things investors should monitor

In pre-market trading on Monday, Nasdaq-traded MSTR was up less than 1%, after falling more than 7% on Friday, as reflected in the reporting context provided alongside the announcement. STRC, meanwhile, rose modestly in pre-market activity, up 0.44% to $97.33.

Looking ahead, investors should watch whether STRC continues to trade near its par value or remains discounted—because that can influence the company’s ability to fund future Bitcoin purchases using its preferred-share mechanism. The company’s next filings will also matter: Strategy has already shown it can adjust capital allocation across BTC purchases, cash reserves, and preferred-share repurchases, depending on where funding channels are most effective.

For now, the confirmed addition of 4,603 BTC provides another data point that Strategy’s treasury strategy is still actively tilted toward accumulation—while its financing structure, particularly STRC pricing versus par, remains a critical variable for how quickly it can scale further.

Crypto projects are leaning harder into a strategy more familiar from traditional finance: buying back their own tokens. So far in 2026, projects have reportedly spent a record $638 million on token buybacks, according to data compiled by Allium Labs and cited by the Financial Times in a report released Monday.

That total highlights a clear concentration. Hyperliquid and Pump.fun together account for the majority of the year-to-date figure, with Hyperliquid responsible for roughly $370 million and Pump.fun nearly $200 million, as reported by the Financial Times based on Allium Labs’ dataset.

Key takeaways

• Year-to-date token buybacks reached $638 million in 2026, per Allium Labs data cited by the Financial Times—up from $545 million over the same period in 2025.
• Hyperliquid and Pump.fun dominate the activity, together accounting for roughly $570 million of the $638 million total.
• Buybacks are still uncommon in crypto, but more issuers are now using revenue to fund repurchases and support token value.
• Following an Ethena Foundation vote proposal for fee revenue to be used for ENA buybacks, ENA rose 10.7% on the day after the announcement, according to the report.
• HYPE and PUMP have outperformed the broader crypto market decline so far in 2026, based on TradingView-reported performance data.

Record buybacks, concentrated among a few protocols

The Financial Times report framed token buybacks as the crypto analogue to share buybacks: instead of supporting equity prices directly, projects repurchase their own tokens in an effort to bolster token valuation and returns for existing holders.

While this approach remains relatively rare across the broader industry, the numbers show it is no longer an edge-case tactic. Allium Labs’ figures—reported by the Financial Times—indicate buyback spending has accelerated sharply over the past year, rising to $638 million year-to-date in 2026 from $545 million in the same period of 2025. The earlier baseline from Allium Labs cited by the Financial Times shows much lower activity in 2024, at just $366,000.

Crucially, the activity is not evenly distributed. Hyperliquid’s buyback spend of roughly $370 million and Pump.fun’s nearly $200 million together represent the bulk of the year’s token repurchase momentum, suggesting that revenue-rich protocols with clear treasury mechanics are currently driving most of the trend.

How Hyperliquid and Pump.fun are funding repurchases

The performance of HYPE and PUMP appears tightly linked to that repurchase intensity. According to TradingView data cited by the report, HYPE is up 145% year-to-date and PUMP is up 109% year-to-date during a period when Bitcoin fell 10% and total crypto market capitalization declined by 11.9%.

Hyperliquid’s structure is especially aggressive: the report states Hyperliquid spends about 99% of its revenue on token buybacks. It adds that Hyperliquid reported $169 million in second-quarter revenue on Aug. 6, directing $141 million toward HYPE buybacks, citing prior coverage from Cointelegraph (link provided in the source material).

Pump.fun’s approach is similar in spirit but less extreme in percentage terms. The report says Pump.fun allocates about 50% of its net protocol revenue for token repurchases. It also notes the launchpad has $420 million in annualized revenue, based on average daily revenue over the past 90 days, referencing data presented in the source article.

For investors, the key takeaway is that these are not one-off buyback announcements; both projects appear to embed repurchases into how they use revenue. That can matter because sustained buyback programs may influence token holder expectations differently than occasional treasury actions.

Ethena enters the buyback conversation

The broader market dynamic is also shifting. On Thursday, the Ethena Foundation opened a vote on a fee-switch proposal, under which 95% of the net revenue paid to it from Ethena’s core business lines would be used to repurchase ENA tokens, according to the report.

The same coverage noted that the ENA token rose 10.7% on the day after the proposal was opened, suggesting traders are actively pricing in the possibility that revenue earmarked for repurchases could tighten supply or otherwise support valuation.

This matters beyond one token. As governance proposals proliferate, buybacks could become a more common tool for protocols seeking to align treasury use with tokenholder interests—particularly when those protocols have measurable and recurring revenue streams that can be redirected.

Why this trend could spread further

Momentum around token buybacks is beginning to attract mainstream portfolio analysis within crypto. Earlier in August, Bitwise chief investment officer Matt Hougan said, as referenced in the source article, that “crypto valuations could double” in the next two years as protocols increasingly use revenue to fund token buybacks and burns, returning more value to investors.

That prediction is not a guarantee, but the underlying logic is straightforward: if revenue consistently converts into repurchases (and potentially burns), the token’s economic value proposition can become more direct, rather than relying solely on speculation about adoption or network effects.

Still, readers should treat this as an evolving sector experiment rather than a uniform playbook. The same data point can have different implications depending on how a protocol determines buyback size, whether repurchases are executed regularly, and how token supply mechanics work in practice. Even within the report’s examples, the buyback intensity varies—Hyperliquid’s stated near-total revenue dedication versus Pump.fun’s roughly half.

Going forward, the most useful signal to watch is whether the next wave of proposals and repurchase programs matches the consistency seen in Hyperliquid and Pump.fun—or whether buybacks remain occasional. As governance votes move from concept to execution, traders and long-term holders will likely focus on how reliably protocols convert revenue into buy pressure and how quickly markets respond when those programs begin.