# Trenches Today — August 4, 2026

Canonical edition: https://trenchestoday.xyz/editions/2026-08-04
Published: 2026-08-04T09:21:09.935Z
Updated: 2026-08-04T09:21:09.935Z
Edition: 20260804
Revision: 1785834546
Content hash: 79dfe6339cf9c003f5b662dcc5b5e0a0728ebec6c433990b52050c2274ed8853

> Bitcoin traded near $63,755 within a tight range after ISM Manufacturing PMI printed 55.6 and Federal Reserve officials split 9-3 on interest rate policy ahead of key U.S. employment reports.

## Lead story: Bitcoin Holds $63,755 Range as Strong ISM PMI and Hawkish Fed Split Precede Jobs Data

Bitcoin traded near $63,755 within a tight range after ISM Manufacturing PMI printed 55.6 and Federal Reserve officials split 9-3 on interest rate policy ahead of key U.S. employment reports.

- Bitcoin consolidated near $63,755 as ISM Manufacturing PMI reached 55.6 and Fed officials split 9-3 ahead of U.S. jobs data.

Original source: [cryptoslate](https://cryptoslate.com/bitcoin-must-clear-65000-before-friday-or-jobs-data-could-turn-62000-into-a-trapdoor-to-60000)

## Complete edition

### Ethereum & L2

#### Bitmine Expands Treasury With 10,399 ETH Purchase Towards 5% Supply Target

Topic: Ethereum & L2 · Signal: rails

Bitmine reported adding 10,399 Ether to its reserves last week, bringing total corporate ETH holdings to nearly 5.8 million ETH as part of its strategy to acquire 5% of circulating supply.

Caveat: Treasury acquisition figures reflect first-party company disclosures without independent third-party audit verification.

Edition link: https://trenchestoday.xyz/editions/2026-08-04#story-story_65a0a2055ba13e8dc025
Original source: [decrypt](https://decrypt.co/374836/tom-lee-bitmine-buys-more-ethereum-adds-stock-buyback)

### Markets & Macro

#### Russia Expands Cryptocurrency Mining Ban to Moscow and Surrounding Regions Through 2032

Topic: Markets & Macro · Signal: rails

Russian authorities issued a governmental decree adding Moscow, the Moscow Region, and parts of Kursk Region to the nation's crypto mining ban list through 2032 due to local power grid capacity concerns.

Edition link: https://trenchestoday.xyz/editions/2026-08-04#story-story_15b10d98326a15152a49
Original source: [cointelegraph](https://cointelegraph.com/news/russia-expands-crypto-mining-ban-moscow-2032)

#### American Bitcoin Treasury Reaches 8,002 BTC Following Record Q2 Output

Topic: Markets & Macro · Signal: rails

Hut 8 subsidiary American Bitcoin disclosed that its corporate treasury expanded to 8,002 BTC after producing a record 932 BTC in Q2 2026, boosting quarterly revenue 8% to $67 million.

Edition link: https://trenchestoday.xyz/editions/2026-08-04#story-story_52ce9e40babd201dd5df
Original source: [the-block](https://www.theblock.co/post/410426/eric-trumps-american-bitcoin-treasury-tops-8000-btc-as-q2-mining-production-hits-record)

#### Strategy Maintains STRC Preferred Stock Dividend Yield at 12% Below Par Value

Topic: Markets & Macro · Signal: rails

MicroStrategy (Strategy) maintained its STRC preferred stock dividend yield at 12% despite shares trading below the $100 par value.

Edition link: https://trenchestoday.xyz/editions/2026-08-04#story-story_b4fe796036e29db52981
Original source: [cointelegraph](https://cointelegraph.com/news/strategy-leaves-preferred-strc-dividend-at-12-price-still-below-par)

## Corrections

No corrections recorded for this revision.

## Use and attribution

Trenches Today is a source-linked editorial synthesis. Cite the canonical edition URL and retain links to the original reporting when referring to a specific claim.