That’s not news – Saylor’s been buying Bitcoin for years now – but it comes when Bitcoin’s been dumping.
Volatile, to say the least.
But with Saylor remaining confident in Bitcoin’s long-term picture and the bullish outlook for the broader market, what’s the next crypto to 100x?
Time for a closer look.
Strong Buy Signals despite Volatility
On August 18, Strategy added 430 BTC to its holdings at a cost of $51.4M, lifting its total Bitcoin assets to 629,376 BTC.
These purchases come amid a remarkable performance.
Strategy is sitting on over $25.8B in unrealized gains. And despite Bitcoin’s uneven recent performance, there’s no sign that Strategy plans to slow down. In a strategic teaser on X yesterday, Michael Saylor hinted at further buying:
And today, Strategy made the move: it bought $3,081 $BTC worth $357M, with the company’s total holdings reaching 632,457 $BTC. That leads to an interesting question, however. How much impact does Strategy’s Bitcoin strategy have on Bitcoin’s price?
Does Strategy Move the Needle in $BTC’s Pricing?
Despite the size of its acquisitions, Strategy emphasizes its minimal impact on market prices. Corporate treasurer Shirish Jajodia explained that purchases are made through over-the-counter (OTC) arrangements in volumes large enough to be meaningful, yet not disruptive compared to Bitcoin’s enormous daily trading volume ($87B in the past 24 hours).
The upshot is that Strategy’s moves are far more important on the strategic side than the actual market price.
It also explains why, despite Strategy’s steady drumbeat of $BTC purchases, Bitcoin continues to trade in a fairly tight range, weighed down in part by continued ETF outflows. For the past week, Bitcoin spot ETFs have been bleeding funds.
Saylor’s bullish signals, however, could recapture speculative momentum, and maybe spur a more sustained upward movement.
Even as Strategy’s stock faced pressure earlier in the month, the firm remained resolute in its long-term accumulation plan, maintaining its status as the largest publicly traded Bitcoin treasury company.
Saylor isn’t faltering in his Bitcoin-based confidence. So with that established, which cryptos will be the next to go 100x? These three have real potential to surge – especially if Saylor’s moves stem the bleeding and spark a new run.
1. Bitcoin Hyper ($HYPER) – The Biggest and Best Bitcoin Layer 2 Has Arrived
Bitcoin’s great – Saylor will testify to that. But it’s also limited – that’s why Ethereum has gained ground as a Bitcoin treasury alternative.
Bitcoin Hyper ($HYPER) could change that narrative entirely.
No more awkward token swaps and cumbersome third-party bridges. With Bitcoin Hyper, a Canonical Bridge powered by the Solana Virtual Machine (SVM) allows seamless bridging of $BTC from the original Layer 1 to the Hyper Layer 2. Wrapped $BTC on the Layer 2 can then be natively staked or traded with near-instant finality thanks to the SVM’s complex smart contracts.
Final settlement occurs on the Bitcoin Layer 1, leveraging the security and stability Bitcoin is known for.
The result is a Layer 2 with a unique hybrid architecture that applies genuine innovation to the problem of Bitcoin scalability. The $HYPER presale has generated over $12M so far as investors rush to get in on the ground floor of what could be a game-changer.
Don’t miss the chance to see what the fuss is all about – head over to the Bitcoin Hyper presale page today or see how to buy it here.
2. Snorter Token ($SNORT) – Sniff Out Solana Meme Coins, Profit from Low-Cap Gems
The vast majority of meme coins never see the light of day. They trade underground, launching, growing, and sometimes vanishing entirely on platforms like Telegram.
At the same time, trading those meme coins can be incredibly profitable – if you can find them.
That’s where Snorter Bot comes in. Powered by the Snorter Token ($SNORT), the Snorter Bot provides an algorithmic way to sniff out, trade, and profit from low-cap meme coins on Solana.
Hold $SNORT, and you’ll also benefit from cheaper swaps, faster trades, and exclusive access to new tokens on Telegram.
The Snorter Bot beats out other Solana trading bots with sub-1% trading fees, a lightning-fast token sniping feature, and stop-loss take-profit limit orders. Add in copy trading, and Snorter’s the clear leader in meme coin trading bots.
Investors are taking note; the $SNORT presale blew past $3.4M raised, with tokens priced at $0.1023.
Visit the Snorter Token presale page to learn more or see how to buy $SNORT here.
3. Ethereum ($ETH) – Biggest Altcoin Plows Ahead, Sights Set on $5K
Ethereum is….under the radar? Somehow, the market’s second-largest crypto by market cap has made impressive moves, quietly.
Up 7% in the past seven days, Ethereum is already above $4.6K, with sights set on the critical $5K mark.
It comes while Ethereum ETFs aren’t experiencing the same outflows as Bitcoin, instead seeing over $600M in net inflows in the past two days.
Ethereum has also benefitted from copycat Saylor strategies, with Ethereum treasuries having that added benefit of native yield generation through DeFi and yield generation.
The upshot is that Ethereum remains an incredible long-term prospect with the potential for short-term gains as momentum builds, and both retail and institutional adoption grow.
Looking Forward to Bitcoin’s Surge
Strategy’s relentless Bitcoin buying has not only bolstered its treasury but also signaled confidence to markets frustrated by stagnant ETF demand. The million-dollar question now is: Will Michael Saylor’s firm ignite a fresh wave of bullish momentum? All eyes are on upcoming market responses – and on $SNORT and $HYPER to make big gains.
As always, do your own research. This isn’t financial advice.
Source: https://bravenewcoin.com/partner/next-crypto-to-100x-after-saylor-buys-more-bitcoin