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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