Important highlights
Strategy (previously MicroStrategy) has resumed its Bitcoin purchases with an investment of $742 million,
The Bitcoin Pepe presale is set to begin in 18 hours, aiming to consolidate all memes on a singular blockchain.
Strategy secures 7,633 BTC for $742m
Michael Saylor’s Strategy (formerly known as MicroStrategy) has restarted its weekly Bitcoin buying spree after investing over $400 million. On Monday, the firm revealed it acquired an additional 7,633 BTC for roughly $742.4 million at an average cost of $97,255 per bitcoin.
This recent purchase follows the divestment 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 possesses 478,740 BTC, valued at over $46 billion.
What is Bitcoin Pepe?
Bitcoin stands as the preeminent cryptocurrency by market capitalization, while Pepe ranks among the most favored memecoins in the crypto landscape. However, Bitcoin Pepe introduces a distinctive initiative designed to provide users with practical utilities within the Bitcoin ecosystem.
Bitcoin Pepe is a layer-2 framework constructed on the Bitcoin blockchain. It features a meme-focused layer-2 solution designed to enhance Bitcoin, offering Solana-style scalability to the Bitcoin framework.
Bitcoin Pepe aspires to be the epicenter for all meme coin transactions, channeling all related economic ventures into the BTC ecosystem.
In their whitepaper, the team articulated that Bitcoin Pepe enables DeFi and meme trading atop BTC. They depicted it as the ideal blend of BTC’s security and the unstoppable memetic momentum of meme coins.
The initiative also takes pride in being the inaugural meme ICO on the Bitcoin blockchain. Consequently, BTC Maxis will be able to exchange memes, and merging high trust levels (BTC) with high performance levels (SOL) is expected to foster significant retail mass adoption.
What does Bitcoin Pepe bring to the Bitcoin ecosystem?
Bitcoin is presently the most ancient blockchain and hosts thrilling projects like Ordinals. Nevertheless, Bitcoin Pepe aims to further expand the blockchain by facilitating the creation of memecoins and other narratives on the network.
The initiative intends to usher memes onto BTC, transforming the oldest blockchain in crypto into a hub for an exhilarating meme experience. The team is optimistic that the BTC bridge will release $2 trillion in inactive BTC capital, making it accessible for meme coin transactions.
As a layer-2 network, Bitcoin Pepe will furnish the framework for all memes to transition to BTC, ensuring security and liquidity for investors and users.
Bitcoin Pepe presale to kick off on Feb. 11
Bitcoin Pepe is initiating a presale to enable investors to acquire its native tokens ahead of listing on exchanges. $BPEP will incentivize the Bitcoin Pepe layer-2 network and various other operations within the ecosystem.
The presale launches in 17 hours, allowing participants to buy tokens via an array of accepted payment methods, including cryptocurrencies, debit, and credit cards. Solana’s SOL is currently valued at $202 per coin. However, it was offered at $0.22 during its presale in 2020, highlighting how early investors benefit from engaging in presales.
As a Layer-2 network residing on the Bitcoin network, Bitcoin Pepe grants users security and liquidity. Moreover, it is capitalizing on the recent rise of memecoins to launch as one, while also striving to incorporate more memecoins into the Bitcoin ecosystem.
With adequate adoption levels, $BPEP could emerge as one of the strongest performers in the crypto marketplace in the medium to long term.
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