Hassan Maishera
TL;DR
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Bitcoin is up 1% in the last 24 hours and now trades above $106k.
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Strategy and Metaplanet have added more bitcoins to their balance sheets as institutions continue their buying spree.
BTC Tops $106k
Bitcoin, the leading cryptocurrency by market cap, is having a positive start to the week. It added 1% to its value in the last 24 hours and topped the $106,400 mark earlier today.
This latest development comes as Strategy and Metaplanet added more bitcoins to their balance sheets. Japanese firm Metaplanet purchased 1,088 Bitcoin for $117.5 million, bringing its total holdings to 8,888 BTC.
Metaplanet is currently the largest corporate BTC holder in Asia and among the top ten globally, and is aiming for 10,000 BTC by year-end.
Meanwhile, Michael Saylor’s Strategy continues its weekly ritual of adding more bitcoins to its balance sheet. The company announced on Monday that it had acquired 705 BTC for $75.1 million, at a price of $106,495 per bitcoin. Strategy has now achieved BTC Yield of 16.9% YTD 2025. As of 6/1/2025, Strategy hodl 580,955 $BTC acquired for $40.68 billion at $70,023 per bitcoin.
Strategy has acquired 705 BTC for ~$75.1 million at ~$106,495 per bitcoin and has achieved BTC Yield of 16.9% YTD 2025. As of 6/1/2025, we hodl 580,955 $BTC acquired for ~$40.68 billion at ~$70,023 per bitcoin. $MSTR $STRK $STRF https://t.co/K4tex3qHrN
— Michael Saylor (@saylor) June 2, 2025
Altcoins Surge Higher
While BTC is up 1% in the last 24 hours, altcoins are performing better. Ether, the second-largest cryptocurrency by market cap, is up 4.3% in the last 24 hours and has crossed the $2,600 mark.
Hyperliquid’s HYPE is the best performer in the top 20, adding more than 7% to its value. It has surpassed SUI to become the 11th-largest cryptocurrency, with a $12 billion market cap.
Solana and XRP added 2% to their values while Dogecoin and Cardano are up 3% each in the last 24 hours. Thanks to the latest rally, the total cryptocurrency market cap now stands at $3.34 trillion.
