Bitcoin Strategy Makes Smallest Purchase in Months—Just as Hyper Presale Frenzy Ignites
Bitcoin's quietest accumulation phase in 2024 collides with a presale gold rush. Are whales playing chess while retail FOMO burns?
The 'dip buyer' playbook gets a rewrite
Institutional wallets just logged their most conservative BTC purchases since Q1—right as Bitcoin Hyper's presale racks up eight-figure commitments. Either smart money knows something we don't, or they're happy to let retail overpay for vaporware (again).
Presale mania meets cautious accumulation
While moonboys pile into pre-launch tokens with whitepapers thinner than a crypto trader's patience, OTC desks report institutional buys at 40% below January's frenzy levels. The math is simple: when Goldman Sachs starts stacking sats like a college kid with their first Coinbase account, maybe it's time to listen.
Closing thought: Nothing screams 'bull market' like hedge funds pretending to be value investors while degens YOLO into presale roulette. The cycle continues.
With its latest Bitcoin buy, Strategy maintains its status as the number one corporate crypto holder in the world.
This news comes as the bitcoin Hyper ($HYPER) project reached a monumental milestone, raising $8.5M so far in its token presale.
Strategy Grows Bitcoin Stash, Achieves Yield of 25% YTD
In a post on X, Saylor shared his company’s acquisition of an additional 155 $BTC, growing its holdings to 628,946 $BTC.
This is the Strategy’s second-smallest buy of the year after March, where it acquired 130 $BTC. Despite that, its consistent rounds of acquisitions this year have allowed the company to enjoy a $BTC yield of 25% YTD.
The world’s most valuable cryptocurrency has peaked at around $122.3K yesterday as the White House announced that it is allowing retirement funds to invest in crypto.
Moreover, Harvard’s $117M investment in BlackRock’s Bitcoin ETF further fueled the cryptocurrency’s surge in the last 24 hours.
Bitcoin has been a bit more subdued in the past several hours and is currently trading at around $118.612.
Source: CoinMarketCap
Bitcoin Hyper Raises $8.5M
Continued buys from the likes of Strategy and Harvard reconfirm Bitcoin’s status as the world’s number one cryptocurrency.
They also indirectly boost up-and-coming projects like Bitcoin Hyper ($HYPER), which aims to develop a Bitcoin LAYER 2 that will make transactions faster and cheaper, while adding utility and scale to the Bitcoin ecosystem.
When launched, its canonical bridge will let you move $BTC seamlessly between the original $BTC chain and the Solana VIRTUAL Machine ecosystem. Solana’s speed and cost efficiency unlock new use cases for Bitcoin holders, including DeFi, staking, and dApps, without leaving the $BTC base.
The project’s native $HYPER tokens will also bring exclusive perks when the L2 launches. These include low transaction fees as well as governance rights. Plus, you can use your tokens to pay for your gas fees within the L2.For now, you can get $HYPER tokens via the Bitcoin Hyper presale page. They only cost $0.01265 each, but a price increase is scheduled in less than two days, so it’s best to act quickly.
You can then choose to stake your purchased tokens in the presale stage. In return for supporting the project, the team offers a generous 127% p.a. staking reward (subject to change depending on how many lock in their tokens).
Connect a crypto wallet such as Best Wallet to the Bitcoin Hyper presale widget to get started. Next, type in how many tokens you want to buy, and then pay for your purchase with your credit/debit card or crypto.
You can learn more about the project in the Bitcoin Hyper whitepaper.
Join the Bitcoin Hyper presale.
There’s No Stopping the Bitcoin Bull Run
With institutional investors like Strategy and Harvard continuing to be bullish on Bitcoin, we expect more growth in the foreseeable future.
Bitcoin bullishness is a boon for related projects like Bitcoin Hyper ($HYPER). Since launching in May, it has already raised $8.5M, reflecting significant momentum behind the upcoming Bitcoin Layer 2.
