Key takeaway
- Publicly-listed Metaplanet purchased another 330 bitcoins on Monday, bringing its total to 4,855.
- Bitcoin Pepe’s presale is now approaching the $7m mark ahead of the next presale stage.
Metaplanet purchases 330 bitcoins
Publicly-listed Metaplanet continues its Bitcoin-buying spree after acquiring over 300 bitcoins. The Japanese company announced on Monday that it purchased 330 bitcoins, bringing its overall holdings to 4,855 BTC, worth over $420 million, based on current prices.
This is the third time Metaplanet is adding bitcoins to its balance sheet this month, despite the broader market’s bearish performance amid the tariff wars. Thanks to its latest acquisitions, Metaplanet is now the tenth-largest public holder of BTC.
Bitcoin Pepe presale approaches $7m
The market conditions are improving, and this could reflect in new projects. Bitcoin Pepe is building a new layer-2 project that could unlock Bitcoin’s liquidity and make it available to memecoin trading.
The project is currently approaching a crucial milestone thanks to its unique value proposition to investors. As the first meme initial coin offering (ICO) on the Bitcoin blockchain, Bitcoin Pepe could become one of the best performers in the current cycle.
Currently in its presale, Bitcoin Pepe has raised nearly $6.9 million and will enter the tenth stage once the funding hits $7.7 million.
The Bitcoin Pepe presale enables investors to secure an early position in this project by purchasing $BPEP, its native token. Investors can purchase the $BPEP token via the Bitcoin Pepe website. Accepted modes of payment include ETH, USDT, USDC, BNB, and SOL.
Click here to participate in the Bitcoin Pepe presale.
Is Bitcoin Pepe worth the hype?
Bitcoin Pepe could become an important project in the Bitcoin ecosystem. The team is building a layer-2 network to become home to memecoin trading on the Bitcoin blockchain.
According to their whitepaper, Bitcoin Pepe chose Bitcoin ahead of the established smart contract blockchains like Solana, BNB, and Ethereum, thanks to Bitcoin’s massive liquidity. While NFT and DeFi activities are available on the Bitcoin blockchain, memecoin trading remains low.
The new Bitcoin Pepe L2 will address this by ensuring developers have access to Bitcoin’s liquidity and enjoy the network’s security. The L2 network will empower developers with the tools to migrate their memes from other blockchains to the Bitcoin blockchain.
The memecoin narrative is strong within the broader crypto market, and introducing them to the Bitcoin blockchain could massively increase their trading volume. With the right adoption, Bitcoin Pepe could become one of the leading layer-2 networks within the cryptocurrency market.
$BPEP will power activities within the Bitcoin Pepe ecosystem, ensuring that developers and users utilise this token for various transactions. Early investors could be winners thanks to Bitcoin Pepe’s unique value proposition in the market.
The post Metaplanet’s BTC holdings hits 4,855 as Bitcoin Pepe’s presale approaches $7m appeared first on CoinJournal.
Source: https://coinjournal.net/news/metaplanets-btc-holdings-hits-4855-as-bitcoin-pepes-presale-approaches-7m/