Best crypto to buy now as Metaplanet buys 1,234 BTC

Bitcoin (BTC) is back above $108,000, marking a full recovery from last week’s drop to the six-figure mark amid heightened tensions in the Middle East. The rebound comes as macro signals shift to a more risk-on tone and bullish sentiment returns to the crypto market. Fed Chair Jerome Powell said this week that rate adjustments remain a possibility, dependent on progress in trade negotiations and signs of easing inflation, remarks interpreted by markets as signalling a potential policy pivot by late 2025 . At the time of writing, Bitcoin was trading above $108,008, up 1.3% over the past 24 hours. Ether (ETH) held at $2,490 with a 1.8% gain. Other major tokens, including Solana (SOL) at $145.54, Dogecoin (DOGE) at $0.1652, XRP at $2.1926, and BNB Chain’s BNB at $646.97, posted gains of less than 1%, but may follow BTC and ETH higher if momentum continues. Strong momentum has also been seen in the early-stage project Bitcoin Pepe . The project’s presale has seen continued interest from investors. Metaplanet buys more BTC Metaplanet, a Tokyo-listed investment firm, has purchased an additional 1,234 Bitcoin for approximately $132.7 million, according to a Thursday disclosure. The acquisition comes just a day after the company announced it had raised $515 million to expand its Bitcoin treasury strategy. The latest purchase, made at an average price of about $107,557 per Bitcoin, brings Metaplanet’s total holdings to 12,345 BTC , valued at roughly $1.3 billion at current market prices. With this move, Metaplanet is poised to become the seventh-largest publicly listed corporate holder of Bitcoin, surpassing Tesla’s 11,509 BTC, based on data from bitcointreasuries.net. The acquisition follows Metaplanet’s announcement on Wednesday of a 74.9 billion yen ($515 million) capital raise via stock issuance. The funding is part of the firm’s broader “555 million plan,” which aims to secure ownership of 1% of Bitcoin’s total supply. Bitcoin Pepe’s presale remains strong As Bitcoin continues its strong rebound and moves closer to a potential new all-time high, institutional adoption remains a key driver of positive market sentiment. At the same time, investors are shifting toward higher-beta segments of the crypto market, with meme coins once again drawing fresh capital inflows. Among the standouts is Bitcoin Pepe, which differentiates itself by combining meme appeal with a Layer 2 infrastructure framework. Unlike conventional meme tokens that rely purely on social momentum, Bitcoin Pepe positions itself as the first meme-centric Layer 2 solution built on the Bitcoin network. The project aims to provide scalability and transaction speed comparable to networks like Solana, while maintaining the security of Bitcoin’s base layer. Its ongoing presale has raised over $15.6 million, with the BPEP token priced at $0.0437. A price increase is anticipated once funding surpasses the $17.07 million mark. According to the team, BPEP is set to be listed on BitMart and MEXC, with an additional listing announcement scheduled for June 30. The upcoming developments continue to drive investor interest as the presale nears completion. The post Best crypto to buy now as Metaplanet buys 1,234 BTC appeared first on Invezz

Source: Invezz