SoSo Daily Jun 3 | Strategy purchased an additional 705 BTC for $75.1 million

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 23:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is The Root Network. As of 23:50 today, its market cap is 14.73M, with a coin price of 0.0064700 USD, witnessing a 24-hour increase of 67.6%.
The second is Layer3. As of 23:50 today, its coin price is 0.084930 USD, with a 24-hour increase of 55.5%.
The third is WEMIX. As of 23:50 today, its coin price is 0.32820 USD, showing a 24-hour increase of 52.8%.
In fourth place is Port3 Network. As of 23:50 today, its coin price is 0.063170 USD, with a 24-hour rise of 44.6%.
In fifth place is DinoLFG. As of 23:50 today, its coin price is 0.0021840 USD, increasing by 35.2% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 15 sectors, 15 are up and 1 is down. Notably, NFT, $ETH, and GameFi sectors are worth mentioning.
NFT sector has risen 2.85% relative to the UTC 0 time, led by gains in epik (12%), vra (9.58%), and xmon (9.02%).
$ETH sector has increased 2.66% relative to UTC 0, with $eth (2.66%) leading the rise.
GameFi sector has risen 2.33%, with wemix (50.8%), was (21.9%), and xter (17.1%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

Michael Saylor posted on X that Strategy’s year-to-date $BTC return stands at 16.9%. As of June 1, 2025, they hold a total of 580,955 $BTC at an average purchase price of $70,023.

Next news:

According to SoSoValue data, as of June 2, 2025 (ET), publicly listed companies worldwide (excluding mining firms) recorded a net weekly inflow of $196 million into Bitcoin — even as spot Bitcoin ETFs saw a net outflow of $157 million over the same period. Strategy (formerly MicroStrategy) continued its $BTC accumulation streak for the eighth consecutive week, purchasing 705 $BTC for $75 million at an average price of $106,495. Its total holdings have now reached 580,955 BTC. MetaPlanet also made a significant purchase last week, acquiring 1,088 $BTC for $117 million at an average price of $107,771, bringing its total holdings to 8,888 BTC. In addition, Gamestop disclosed its Bitcoin holdings for the first time last week — reporting 4,710 $BTC as of May 28. However, the acquisition cost and average purchase price were not disclosed. As of this update, publicly listed companies (excluding miners) collectively hold 636,960 $BTC, with a market value of approximately $66.35 billion — representing about 3.2% of Bitcoin’s circulating supply.

Next news:According to Bloomberg, stablecoin issuer Circle and its shareholders have increased the IPO issuance size from 24 million shares to 32 million shares, with the price range raised from $24–26 per share to $27–28 per share. The maximum fundraising amount could reach $896 million, with a valuation potentially exceeding $6 billion. Subscription orders have already exceeded the originally planned issuance volume by several times.
Next news:Wu Shuo has learned that the Trump family crypto project World Liberty Financial (WLFI) announced a joint USD 1 million x BNB Chain liquidity incentive campaign with BUILDon, PancakeSwap, and Four Meme, with a prize pool reaching up to 1 million USD. The campaign will last for four weeks, focusing on leading trading pools and meme projects, with support also from BNB Chain, Aster DEX, and Lista DAO.
Next news:

According to Investing.com, real estate and logistics technology company Reitar Logtech announced the launch of a Bitcoin acquisition plan worth up to $1.50 billion, aiming to strengthen its financial reserves and drive global expansion. The Hong Kong-based company stated that Bitcoin will become a core component of its financial strategy, used to hedge against traditional market volatility and enhance logistics infrastructure capabilities. The document was signed by Chairman and CEO Chen Jianzhong.

Next news:

According to FinanceFeeds, Nasdaq-listed company BTCS purchased 1,000 $ETH through the Crypto.com institutional platform on June 2, 2025, with a transaction amount of approximately 2.63 million USD. Its Ethereum holdings increased from 9,063 $ETH in Q1 to 13,500 ETH. The CEO of BTCS stated that $ETH is the core of the company's blockchain infrastructure strategy, and this increase aims to support its NodeOps and Builder+ initiatives to build high-yield, scalable blockchain node operations.

Next news:Binance announces SQD airdrop participation threshold, requiring 210 Alpha points.
Next news:

BlockBeats news, on June 2nd, according to on-chain data, whale James Wynn deposited 200 thousand USDC into his Hyperliquid account to increase margin. Currently, the liquidation price has dropped to 104,360 USD.

His 40x long Bitcoin position is currently at an unrealized loss of approximately 1.16 million USD.

Next news:Russia's largest bank, Sberbank, has launched a structured bond linked to Bitcoin prices and the USD/RUB exchange rate. It is offered OTC to local qualified investors, requiring no crypto wallets or use of overseas platforms, with all transactions settled in rubles. Sberbank stated that the bond will be listed on the Moscow Exchange in the future and that a Bitcoin futures product will be launched on June 4 via its SberInvestments platform. Previously, the Russian central bank approved financial institutions to offer crypto asset-linked instruments to qualified investors. (CoinDesk)
Next news:Digital asset prime broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management, aiming to expand its asset management services. The terms of the deal were not disclosed. Headquartered in San Mateo, California, FalconX's global revenue and business head Austin Reid stated that this investment will help broaden its institutional client base, covering hedge funds, proprietary trading firms, and asset managers.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.