Best crypto to buy now as Bakkt Holdings maybe planning a Bitcoin purchase – Crypto News – Crypto News
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Best crypto to buy now as Bakkt Holdings maybe planning a Bitcoin purchase Best crypto to buy now as Bakkt Holdings maybe planning a Bitcoin purchase

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Best crypto to buy now as Bakkt Holdings maybe planning a Bitcoin purchase – Crypto News

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1 month ago

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  • As institutional involvement increases, major cryptos are becoming less attractive to investors.
  • Traders looking for asymmetric opportunities are looking at early-stage projects such as Bitcoin Pepe.
  • The project’s presale has raised close to $16 million.

Bitcoin (BTC) is trading around $107,000 on Friday, placing it just 4% below its all-time high.

Ethereum (ETH) and Ripple (XRP) are also nearing key resistance levels, with potential breakouts in these assets likely to draw renewed investor interest and signal further upside.

After dipping to a daily low of $98,200 on Sunday, Bitcoin avoided a close below the critical $100,000 psychological threshold.

The recovery began on Monday and carried through midweek, with BTC closing above $107,000 on Wednesday and maintaining that level into Friday.

Should Bitcoin sustain its current momentum, a move toward the May 22 all-time high of $111,980 appears within reach.

A decisive close above that mark could open the door to further gains, with the next major target at $120,000.

Institutional adoption remains a key pillar of the ongoing rally, with more firms actively expanding their exposure to digital assets.

As market volatility subsides and institutional involvement increases, major cryptocurrencies are becoming less attractive to investors seeking high-risk, high-reward opportunities.

This environment is driving a shift toward early-stage tokens like Bitcoin Pepe, which are drawing renewed interest from risk-tolerant capital amid improving sentiment across the crypto market.

With traders increasingly turning to speculative corners of the space, high-volatility assets such as Bitcoin Pepe are emerging as prominent beneficiaries of the current momentum.

Bakkt is looking to raise $1 billion

Crypto software firm Bakkt Holdings Inc., a subsidiary of Intercontinental Exchange—the parent company of the New York Stock Exchange—is seeking to raise up to $1 billion through a mix of securities offerings, with potential plans to allocate some of the proceeds toward Bitcoin purchases.

In a Form S-3 filing with the US Securities and Exchange Commission on Thursday, Bakkt outlined its intention to offer a combination of Class A common stock, preferred stock, debt securities, warrants, or other hybrid instruments, up to a total of $1 billion.

The filing also disclosed a recent update to the company’s investment policy, allowing it to allocate capital into Bitcoin and other digital assets as part of its broader treasury and corporate strategy.

While no purchases have been made yet, the company stated that acquisitions could be funded using excess cash, future equity or debt financing, or other capital sources.

This shelf registration gives Bakkt the flexibility to access capital markets quickly when conditions are favorable—a significant consideration given its ongoing financial challenges, including a history of operating losses and going-concern warnings.

Bitcoin Pepe rides the BTC wave

As Bitcoin continues its strong rebound and approaches a potential new all-time high, institutional participation remains a key factor supporting broader market sentiment.

Simultaneously, investor appetite is shifting toward higher-beta segments, with meme coins once again attracting capital inflows.

Among the projects gaining traction is Bitcoin Pepe, which distinguishes itself by blending meme culture with Layer 2 infrastructure capabilities.

Unlike typical meme tokens driven solely by social momentum, Bitcoin Pepe is positioned as the first meme-centric Layer 2 solution on the Bitcoin network.

The project seeks to deliver scalability and transaction speeds comparable to platforms like Solana, while preserving the security of Bitcoin’s base layer.

Its ongoing presale has raised over $15.9 million, with the BPEP token currently priced at $0.0437.

A price increase is expected once contributions cross the $17.07 million threshold.

According to the team, BPEP will be listed on BitMart and MEXC, with another listing announcement planned for June 30.

These upcoming milestones continue to support investor interest as the presale enters its final phase.
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