It is another day, another BTC buy for Michael Saylor. The proverbial “Bitcoin profit” has once again posted on X about Bitcoin, which hints that another major purchase is coming.
“In 21 years, you’ll wish you’d bought more,” Michael Saylor wrote to his millions of followers on X, which is continuing to grow. Accompanying this post is a graph that highlights how much BTC the company has purchased so far.
While “Strategy Buying Bitcoin” is common news at this point, it is important nonetheless. It shows that institutions are in a state of “perma-bullish” for BTC, which could be considered a hint at massive long-term gains.
It also presents the right opportunity to invest in the best crypto to buy now, which could be Bitcoin, or more.
Summary
Strategy’s BTC Buying Spree Isn’t Showing Any Signs of Slowing Down
Going as far back as January, MicroStrategy (now Strategy) has always bought Bitcoin on a weekly basis. The only real “slowdown” that happened was during the first week of April when it didn’t buy BTC, but since then, the weekly Bitcoin purchasing routine holds true.
And since today is the 30th, and Strategy had already bought 245 BTC a week before, it is possible that a new BTC purchase will happen today.
So far, Strategy has bought 592,345 BTC, with the average cost of BTC being $70,681. The BTC Yield YTD for the company stands at 19.2%, which means Strategy’s BTC gain for the current quarter stands at more than $4 billion.
Bitcoin Price Rises in Anticipation of Strategy’s Upcoming Buy
The Bitcoin price is on the rise again, crossing its $108K resistance. Since this could be in anticipation of another major crypto buy at the hands of Strategy, it is clear that more institutional interest is directly translating to Bitcoin taking another move upwards.
At the time of writing, the BTC price is once again trying to retest its all-time high. While a double top has formed before, there is hope that this time, a new high could be created.
A successful breakout above the $110K mark could push the BTC price to retest its ATH level and aim even higher. However, a rejection at this level could lead to a sell-off, pushing the BTC price down once again, potentially around $100K.
Best Crypto to Buy Now Besides Bitcoin
While the BTC price continues to gain traction, investors should also look at other crypto ICOs to deal with market uncertainty. The following picks have shown massive potential thanks to their use cases, narratives, and social media following.
SUBBD
Bitcoin’s rise will likely put more eyes on utility projects with immense potential. One of them is SUBBD.
A crypto that powers a content creation platform, SUBBD has gained momentum on the market for its AI-driven perks, good-looking models, and the way it could be seen as an alternative to OnlyFans.
Industry’s top creators have already been onboarded on SUBBD, and with them having a combined following exceeding 250 million, chances are high for this project to go viral.
The AI tools that SUBBD provides offer content creators a way to manage content services easily, and they also help with crisp content creation.
There is also an upcoming module known as the AI influencer, which has also gained massively thanks to posts about new AI influencers being created.
For fans, SUBBD offers an opportunity to dive into the earning mechanics while also enjoying a more collaborative relationship with their favorite creators.
With over $700K raised by this project already, SUBBD could hit the ground running as soon as it goes live on exchanges.
In fact, many influencers have talked about how SUBBD could have a 100x potential.
Bitcoin Hyper
The hype around Bitcoin stems from its value as a “store of value,” but it also makes BTC a widely speculative asset that does not take complete advantage of blockchain technology. Bitcoin Hyper is a project aiming to change that through its native L2 scaling solution.
Equipped with the Solana Virtual Machine and having created its own Canonical Bridge, Bitcoin Hyper wants to improve the Bitcoin ecosystem so that BTC-based decentralized applications can emerge, making Bitcoin more than just a “store of value” asset.
The technical aspects of Bitcoin Hyper cover all the key intricacies needed to make it a reality, which shows that the developers are actively working on it.
What also makes this project appealing is that while it aims to provide more utility to Bitcoin, it wants to do so without compromising BTC’s principles. This means the project is aiming for a strong, completely decentralized ecosystem.
Snorter
Snorter token could be considered the best crypto to buy now for its mix of utility and memes. The tagline, “sniff out the meme market,” has been coupled with an image of an adventurous aardvark that blends meme coin fun with the real crypto trading process.
What makes Snorter a different project is the fact that it is active on Telegram, an already popular messaging tool for crypto enthusiasts. This trading bot, therefore, could offer users the lowest fees and fastest execution on Solana, while also providing exclusive access to new tokens.
Multiple features of Snorter have been highlighted on the official website, including fast swaps, automated sniping, limit orders, as well as honeypot and rugpull protection.
Copy trading features have also been added to this project to further let users leverage the community-communication factor of Telegram to trade better.
The project’s goal is essentially to let users find and invest in Solana-based meme coins, since those have proven to be immensely successful in the past.
Conclusion
Michael Saylor’s “Bitcoin binge” has been a market mover for a long time. And considering the greens the BTC price has been showing, it may continue to be so. For now, it looks very likely that MicroStrategy will continue to buy Bitcoin as long as there Bitcoin remains to buy. This bullishness gives users the opportunity to look at ICOs to find the best crypto to buy now.
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.
