Bitcoin dropped sharply on Thursday amid a broader market retreat, triggered by an unexpected and highly public spat between two of the most influential figures in tech and politics — US President Donald Trump and Tesla CEO Elon Musk.
The fallout, stemming from a series of political barbs and policy disagreements aired across social media and public appearances, caught markets off guard.
Crypto assets were among the hardest hit, as risk sentiment deteriorated.
Bitcoin (BTC), which had shown signs of stabilizing earlier in the week, plunged to a session low of $100,501 — a roughly 6% decline from this week’s high near $106,000.
The drop effectively erased gains built on recent bullish momentum and renewed speculation about mainstream institutional adoption.
As Bitcoin grapples with fresh bouts of volatility, retail traders are turning their attention toward high-risk, high-reward assets like Bitcoin Pepe, which has entered the closing stages of its presale.
Capital chasing speculative upside is increasingly moving into nascent tokens, with investors positioning for gains in segments driven by momentum and the promise of outsized returns.
In this shift, Bitcoin Pepe has gained prominence as a go-to option for those looking to ride market swings and capitalize on current sentiment.
Metaplanet reveals major bet on Bitcoin
Japanese investment firm Metaplanet has announced an ambitious $5.4 billion capital raise aimed at increasing its Bitcoin holdings, marking what it claims to be Asia’s largest equity financing to date for Bitcoin acquisition.
The funding will be secured through the issuance of 555 million shares—equivalent to 92.4% of Metaplanet’s total shares outstanding—via moving strike warrants, Japan’s version of an at-the-market equity facility.
The structure allows the company to incrementally sell shares over a two-year period to reduce market disruption.
EVO FUND is the allottee, while Evolution Japan Securities serves as the arranger.
“Thrilled to announce Asia’s largest-ever equity raise to buy bitcoin — again! This time: $5.4 billion to accelerate our bitcoin strategy,” CEO Simon Gerovich said in a post on X.
Metaplanet has launched Asia’s largest-ever equity raise dedicated to Bitcoin:
🚀 ¥770.9 billion (~$5.4B) capital raise
📈 555 million shares via moving strike warrants
🥇 First in Japan: issued at a premium to market — enabled by Metaplanet’s high volatility and deep liquidity
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Branded the “555 Million Plan,” this latest effort follows Metaplanet’s previous “210 Million Plan” and underscores its shift into a full-fledged Bitcoin treasury operation.
The firm now aims to hold 30,000 BTC by end-2025 (up from 10,000), 100,000 BTC by end-2026 (from 21,000), and 210,000 BTC by end-2027—targeting ownership of 1% of Bitcoin’s fixed 21 million coin supply.
To reach this goal, Metaplanet will use a mix of instruments beyond equity, including convertible bonds, preferred shares, and ordinary bonds, signaling a long-term, diversified approach to Bitcoin accumulation.
Bitcoin Pepe is catching the market’s attention
While Bitcoin weathers short-term price swings, its deepening integration into institutional finance is helping lay the groundwork for renewed market-wide momentum.
Against this backdrop, investor interest is once again shifting toward speculative niches, with meme coins quickly drawing inflows.
Among the names gaining traction is Bitcoin Pepe, which has captured attention for blending meme-driven appeal with blockchain infrastructure ambitions.
Touted as one of 2025’s most closely followed presales, Bitcoin Pepe has stood out for its goal to “build Solana on Bitcoin,” aiming to combine Bitcoin’s robust security layer with the scalability associated with Solana.
Unlike many meme tokens that rely primarily on hype, Bitcoin Pepe is positioning itself with a technical roadmap.
It has raised over $13.9 million during its ongoing presale, ahead of a listing announcement set for June 17.
The project has also outlined several partnerships to bolster its Layer 2 ecosystem, teaming up with Super Meme, Catamoto, and Plena Finance.
As capital continues to rotate into early-stage plays, Bitcoin Pepe is aiming to ride this momentum as it enters the final stretch of its token sale.
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