Schlagwort: crypto business

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Strategy spends $742m on BTC as Bitcoin Pepe presale commences tomorrow

Key takeaways

  • Strategy (formerly MicroStrategy) has resumed its Bitcoin acquisitions with $742 million,
  • The Bitcoin Pepe presale kicks off in 18 hours, with the project focusing on uniting all memes on a single blockchain.

Strategy purchases 7,633 BTC for $742m

Michael Saylor’s Strategy (formerly MicroStrategy) has resumed its weekly Bitcoin acquisition after spending over $400 million. On Monday, the company announced that it purchased another 7,633 BTC for approximately $742.4 million at an average price of $97,255 per bitcoin.

This latest acquisition follows the sale of 516,413 shares of Strategy’s class A common stock ($179 million) and 7,300,000 shares of its 8.00% Series A Perpetual Strike Preferred Stock ($563.4 million). Strategy now holds 478,740 BTC, worth over $46 billion.

What is Bitcoin Pepe?

Bitcoin is the world’s leading cryptocurrency by market cap, while Pepe is one of the most popular memecoins in the crypto ecosystem. However, Bitcoin Pepe is a unique project that is set to offer users utility within the Bitcoin ecosystem.

Bitcoin Pepe is a layer-2 network building on the Bitcoin blockchain. It is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

Bitcoin Pepe aims to become ground zero for all meme coin trading and move all this economic activity to the BTC ecosystem. 

In their whitepaper, the team said Bitcoin Pepe unlocks DeFi and meme trading on top of BTC. They described it as the perfect fusion between BTC’s security and the unstoppable memetic force of meme coins.

The project also prides itself on being the first-ever meme ICO on the Bitcoin blockchain. With this, BTC Maxis will be able to trade memes, and combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

What does Bitcoin Pepe offer to the Bitcoin ecosystem?

Bitcoin is currently the oldest blockchain and home to exciting projects like Ordinals. However, Bitcoin Pepe plans to open up the blockchain further by allowing the launch of memecoins and other narratives on the network. 

The project intends to usher in memes on BTC, turning crypto’s oldest chain into a home base for the crazy high-octane meme experience. The team believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it available for meme coin trading.

As a layer-2 network, Bitcoin Pepe will provide the infrastructure for all memes to migrate to BTC, ensuring security and liquidity to investors and users. 

Bitcoin Pepe presale to commence on Feb. 11

Bitcoin Pepe is launching a presale to allow investors to purchase its native tokens before listing on exchanges. $BPEP will power the Bitcoin Pepe layer-2 network and several other activities within the ecosystem.

The presale launches in 17 hours, and users can purchase the tokens using a wide range of accepted payment options, including cryptocurrencies, debit, and credit cards. Solana’s SOL currently trades at $202 per coin. However, it was sold for $0.22 during its presale in 2020, an indication of how early investors benefit from partaking in presales.

As a Layer-2 network on the Bitcoin network, Bitcoin Pepe offers users security and liquidity. Furthermore, it is leveraging the recent growth of memecoins to launch as one while working to introduce more memecoins to the Bitcoin ecosystem. 

With the right level of adoption, $BPEP could become one of the best performers in the crypto market in the medium to long term.

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Strategy buys $742m more Bitcoin, brings holdings to 478,740 BTC

  • Strategy, formerly MicroStrategy, has announced the purchase of another 7,633 Bitcoin (BTC).
  • The company spent $742.4 million to bring its total investment to $31.1 billion and 478,740 BTC.

Strategy, formerly MicroStrategy, has added more than $742 million worth of Bitcoin (BTC) to its holdings.

The publicly-traded company’s founder and executive chairman Michael Saylor announced on Monday, Feb. 10 that Strategy had acquired 7,633 bitcoin. Strategy spent approximately $742.4 million to buy the new BTC haul, with each coin scooped at the average purchase price of $97,255 per bitcoin.

Strategy resumes BTC purchases

After a slight pause in its buying spree and undertaking a brand overhaul, the company is back to its super bullish ways. The 7,633 BTC brings Strategy’s total bitcoin holdings as of February 9, 2025 to 478,740 BTC.

The world’s largest corporate holder of Bitcoin has spent about $31.1 billion to stack the flagship digital asset, acquiring these at the average price of $65,033 per BTC.

Strategy has raised funds from share offerings, with the target being billions of dollars. Despite its fourth-quarter results showing a net loss of $3.03 per share, the company has doubled down on its investment and strategy.

Bitcoin rose to an all-time high above $109k on January 20, 2025, this coming as the crypto market celebrated Donald Trump’s inauguration.

While the price has struggled since and hovered below $98k on Feb. 10, analysts are bullish. Saylor’s prediction isthat BTC could hit the $13 million mark by 2045. Other forecasts have short term projections of $200k in 2025.

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Weekly Price Analysis: Crypto Prices Reel from Risk Off Sentiments

  • The crypto market trended lower last week as US tariffs rocked the market, causing investors to flee to safe-haven assets like Gold.
  • Crypto prices which recovered slightly on Monday and Tuesday continued trending downward as uncertainty looms.
  • Meanwhile, spot ETF inflows remained positive despite some days of outflows.

Bitcoin

Bitcoin’s price trended lower over the last week following President Trump’s announcement of tariffs on Canada, Mexico and China. Investors fled to safe-haven assets like Gold while risky assets, like crypto, trended lower.

However, the tariffs are a catalyst for faster price declines as price action shows that BTC was already on a decline in its substructure after failing to swing higher than the $108,000 level three weeks ago.

BTC made two consecutive lower lows on the substructure over the last two weeks and traded into the daily demand zone early last week, logging a weekly low of $91,176.94.

After buying from the demand zone, the price rose to an internal supply zone at $102,000, validated by the 50% Fibonacci level, and sold off that zone to end the week at $96,475.03.

On the CME, where Bitcoin Futures are traded the most, open interest fell last week as traders closed contracts due to uncertainty caused by Trump’s tariffs.

Meanwhile, spot BTC ETFs logged a positive week as net flows printed $208.30Mn despite two days of major outflows.

Price Outlook

Provided the price remains above the demand zone on the daily time frame, then Bitcoin’s overall structure should remain bullish despite price declines on the substructure.

However, a daily close below the demand zone, i.e., below the $90,000 level, may trigger a sell-off to support levels around $84,000 or lower.

 

BTC trades at $97,624.73 as of publishing.

Ethereum

After failing to break above March 2024 highs, Ethereum’s price has been on a downtrend on its substructure since mid-December 2024.

On the 4-hour time frame, the price logged consecutive lower lows with the most recent low of $2,148.00 reached early last week. Price has improved since then, closing last week at $2,632.16.

Open interest on Binance, where Ethereum Futures are traded the most, shows a decline in the number of open contracts, which could be another catalyst for price declines.

Meanwhile, spot ETH ETFs logged positive inflows on all days last week, aside from Friday when it logged no inflows (or outflows), totalling $420.20Mn for the week.

Price Outlook

The next probable zone for ETH’s price to fall is a major support zone around $2,200. With Trump planning to impose a 25% tariff on steel and Aluminum as well as a fresh round of retaliatory tariffs against trade partners, more uncertainty could push ETH’s price there soon.

ETH trades at $2,640.05 as of publishing.

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BTC briefly touches $94k amid sentiment-driven dip

  • BTC fell below $95k as sellers intensified pressure.
  • As well as the sentiment, key events to watch out for this week include tariffs news, Fed chair Jerome Powells testimony and CPI data release.

Bitcoin (BTC) has witnessed notable downside pressure since recoiling from the all-time high reached in 2024 amid Trump’s victory in the US election.

The benchmark crypto asset has broken to year-to-date highs with bulls largely unfazed. However, the past few days have seen BTC struggle below the psychological $100k level.

BTC chart by CoinMarketCap

On Feb. 10, the price of BTC flipped negative to briefly touch lows of $94.7k. While it has bounced to above $97k at the time of writing, analysts at QCP Capital say the market is cautious.

What next for Bitcoin, altcoins

Notably, the dip that pushed Bitcoin price to lows of $94,745 appears to be more of sentiment-driven than a reflection of a fundamental shift in broader markets’ risk appetite. QCP analysts opine that volatility will remain skewed toward puts for the next couple months.

Among key things to watch out for is also Federal Reserve chair Jerome Powell’s testimony and the upcoming consumer price index data. Trump’s latest tariff move involving a 25% tariff on steel and aluminum could also fuel further uncertainty.

“A feedback loop is emerging—Trump watches the markets, and the markets test his resolve. Will this embolden him further or force a pivot?” the analysts noted, pointing to the issue of tariffs and the market reaction.

Despite the potential impact of a short term outlook, whales are strengthening to suggest long term confidence in Bitcoin performance.

According to crypto analyst and YouTuber ‘CryptoJack’, 14,000 BTC have moved on-chain to suggest whales may be making moves amid an expected bull market.

Bitcoin traded near $98k as of 11:30 am CET, with bulls likely to target $100k if positive vibes surge.

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Dogizen and Bittensor price prediction: Could DOGIZ outpace TAO?

The crypto market has failed to pick upside momentum after a tough start to the year for bulls. However, with price predictions for Bitcoin largely bullish, investors seeking other positions are looking at potential gems.

Apart from Bitcoin, Ethereum, Solana and XRP are the other top coins with major price predictions. Dogizen (DOGIZ), which goes live on exchanges this week after a successful presale stands out as one of these tokens.

In the AI space, the project attracting attention is Bittensor (TAO).

Here ‘s a brief price forecast for DOGIZ and TAO ahead of a key week for the projects.

Bittensor price prediction amid dTAO upgrade

Crypto AI project Bittensor (TAO) is among top performers in the market in the past week.

After the crash following DeepSeek AI news, TAO has picked a new pace and reached highs last seen in early Jan. Upside momentum towards the psychological $400 mark comes as the Bittensor community eyes the network’s biggest upgrade.

Bittensor’s dTAO upgrade, as recently unveiled via the Dynamic Bittensor whitepaper, goes live on Feb. 10. The TAO token has surged amid the anticipation, with massive accumulation hinting at a possible target of the all-time high reached in April.

The flip above $400 helped by the dTAO upgrade would offer control to the bulls. However, failure to break higher could bring support levels of $350 and $315 into play.

Dogizen set to list on exchanges

With crypto analysts bullish on the market, Dogizen has emerged as one of the top targets for enthusiasts. The project has raised over $4.5 million in its presale, having stormed the crypto space as the first-ever ICO on Telegram.

Dogizen, bidding for dominance in the Telegram game ecosystem, will launch its native token on layer 1 blockchain Sui. This milestone happens on February 10, 2025 when DOGIZ lists for trading on Cetus, the largest DEX on Sui.

Will DOGIZ price explode?

Notably, Dogizen isn’t the only player in the Telegram GameFi space.

However, the project has taken an approach that could see outpace the performance rival tap-to-earn tokens managed post-launch. This is because unlike Hamster Kombat, Notcoin or Catizen that sailed to new highs with mega airdrops, Dogizen is banking on the hodler nature of presale buyers.

DOGIZ lands on exchanges at the low market cap of just $10 million, an aspect that means ample pathway to new highs. Notcoin for instance is at $300 million and Hamster Kombat at over $111 million.

With Dogizen likely to outperform NOT and HMSTR, a surge to $200 million or higher would mean DOGIZ price explosion.

Currently, DOGIZ price is at $0.000089, with under 24 hours to presale close. Buying now could thus be a great opportunity.

To find out more about Dogizen , visit the official website.

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