Happy Monday!

Tom Lee didn’t hold back on his Bitcoin price target in his CNBC appearance today: here’s what the legendary fund manager forecasts for the crypto king.

Strategy and Metaplanet have done it again, with both purchasing more Bitcoin: how much did they buy last week?

Plus, don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

TOP STORY

Tom Lee Predicts Bitcoin To Hit $250,000 By End Of 2025, $3M Long Term

Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, projected an aggressive long-term upside for Bitcoin, estimating a terminal valuation of up to $3 million per coin.

Speaking with CNBC, Lee suggested that Bitcoin could realistically climb to $250,000 by the end of 2025, and he sees further gains as inevitable given global adoption trends and limited supply.

“95% of all Bitcoin has been mined, but 95% of the world doesn’t own Bitcoin,” he said. “There’s a huge demand versus supply imbalance.”

But Lee’s long-term target is even more ambitious.

Read the full scoop here.

SPONSORED CONTENT

Don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

QUICK N DIRTY

Ethereum continues to be the ‘best of the rest’ behind Bitcoin and has extended its institutional inflow streak to six weeks, while XRP continues to bleed out.

Strategy continues to outperform the famous MAG7 stocks, even as its Bitcoin acquisitions slow. What’s driving the outperformance?

Bitcoin is the perfect hedge against the ‘fiscal deficit train’ that Lyn Alden described at last week’s Bitcoin Conference. How does that work?

FINTECH FOCUS

Strategy And Metaplanet Deepen Bitcoin Exposure With Over $190 Million In Fresh Buys Amid $105K Market Level

Two of the most aggressive corporate Bitcoin acquirers, Strategy Inc. and Japan-based Metaplanet, expanded their holdings significantly in early June, reinforcing the growing institutional embrace of Bitcoin as a treasury reserve asset.

Strategy Inc. announced the purchase of 705 additional Bitcoins for approximately $75 million.

Acquired at an average price of $106,495 per coin, the transaction lifts the firm's total Bitcoin holdings to 580,955 BTC, valued at roughly $60 billion at current market prices.

How much did Metaplanet buy?

Read the full scoop here.

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