Strategy (MSTR), the company that’s basically a publicly traded Bitcoin holding fund, is buying $BTC again.
KEY POINTS:
➡️ Strategy expanded its Bitcoin treasury to over 640K $BTC financed by stock issuance.
➡️ Strategy’s stock is negative year-to-date, even though Bitcoin is up.
➡️ New tokens Bitcoin Hyper ($HYPER), PEPENODE ($PEPENODE), and BlockchainFX ($BFX) are gaining momentum thanks to unique offerings.
According to a filing on Monday, October 20, the firm just snapped up another 168 $BTC at an average price of around $112K, a move that cost them $18.8M.
This latest purchase isn’t just a drop in the bucket; it swells the company’s total Bitcoin treasury to a staggering 640,418 $BTC. Now worth around $71B. Even better for strategy shareholders, their average cost is still hovering around a bargain $74K.
They financed the buy the usual way, by issuing various preferred shares and common stock.
The timing is right in the middle of some classic crypto drama. Bitcoin had a wild ride recently, spiking over $115K on October 13 before tumbling all the way down to $103.5K just four days later. However, the Monday news followed a rebound, with $BTC climbing back to $111K, which gave MSTR shares a nice 3% bump in pre-market trading, pushing them near $300.
Despite that pop, the stock has struggled this year. It’s actually negative year-to-date, even though Bitcoin is up. This had led to a major shift in performance for the other big player, the BlackRock iShares Bitcoin Trust (IBIT).
The MSTR/IBIT ratio is now at 4.74, its lowest point since late 2024. Simply put, for the past year, investors betting on the ETF have been having a better time than those holding Strategy’s stock.
1. Bitcoin Hyper ($HYPER): $BTC’s Speed Boost
Using $BTC for anything fast is painful. Even more so in a world that expects instant results and actions. But it’s because of the slow transactions and high fees that we now have Bitcoin Hyper ($HYPER).
This isn’t a competitor; it’s like putting a nitro booster on the original Bitcoin network.
$HYPER is a Layer-2 solution that borrows the lightning-fast tech of the Solana Virtual Machine (SVM) to instantly make your $BTC usable for everything from DeFi to daily micro-payments.
Imagine paying for a coffee with Bitcoin that confirms instantly, for pennies. That’s the dream $HYPER is delivering. You just lock your $BTC in the secure Canonical Bridge, and suddenly it’s a dynamic asset ready for staking and dApps. For a full project debrief, check out our ‘What is Bitcoin Hyper’ guide.
Hyper is opening the floodgates for a massive $BTC-powered DeFi ecosystem. With a supply fixed at 21B, a cool nod to Bitcoin’s scarcity, and a core focus on scalability, $HYPER is positioned as the native token for Bitcoin’s much-needed evolution.
2. PEPENODE ($PEPENODE): Play-to-Earn Meets Meme Coin Mining
If you’re tired of the expensive, centralized mining rigs that only the big guys can afford, then PEPENODE ($PEPENODE) is for you.
It brings the fun and profit of mining back to the little guy through an innovative, gamified ‘Mine-to-Earn’ system. Forget the hardware and extortionate utility bills, here you use your $PEPENODE tokens to buy and upgrade virtual ‘Miner Nodes’ within a sleek online dashboard.
It’s a strategy game where your goal is to build the most efficient digital farm to rack up rewards.
The tokenomics are designed to reward holders and create scarcity. Every time you upgrade a node, a massive 70% of the $PEPENODE gets burned, meaning user activity makes the token scarcer and potentially drives up its value.
Lots of early buyers are already staking their tokens for huge APY, currently sitting at 677%, proving they’re in it for the long haul. The developers have even announced that top performers on the platform’s leaderboards will be rewarded with a rotating basket of other hot meme coins.
This provides a powerful incentive to continuously optimize your virtual operation for maximum yield. After all, who doesn’t love a reward, especially in the form of $PEPE and $FARTCOIN?
3. BlockchainFX ($BFX): Get Paid from Wall Street and Crypto Trades
BlockchainFX ($BFX) is making one of the most exciting moves in crypto: cashing in on both traditional markets and digital assets. They’ve built a single, unified platform that seamlessly merges the power of TradFi with the innovation of crypto, and you get a direct piece of the action.
The Native $BFX token is your key to getting paid. Here’s the deal: up to 70% of all trading fees on the platform, both from stock trades and crypto swaps, are distributed daily to people who stake their $BFX. It’s a literal passive income machine.
This creates a steady, diverse revenue stream unlike single-market tokens. Plus, early buyers are getting sweet perks like advanced NFT rewards and a BlockchainFX Visa card for spending your earnings anywhere in the real world.
The platform is secured by a verified audit, ensuring a safe and transparent environment for all cross-market transactions. With over $9M already raised in the presale, $BFX is on a fast track to becoming the dominant player in the integrated finance sector.
With the presale price, it’s a smart entry point into a revolutionary project that pays you to bridge the two biggest financial worlds.
Recap: Strategy (MSTR) expanded its massive Bitcoin treasury by purchasing another 168 BTC for $18.8 million, bringing its total holdings to 640,418 BTC. Meanwhile, new crypto projects like Bitcoin Hyper ($HYPER), PEPENODE ($PEPENODE), and BlockchainFX ($BFX) are gaining traction.
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.
Source: https://bravenewcoin.com/partner/best-crypto-presales-to-buy-as-strategy-buys-the-bitcoin-dip
