Bitcoin Price Reclaims $104,000 on June 6, Amidst Market Optimism

Key Points

• Metaplanet aims to raise $5.4B to buy more Bitcoin.
• Meanwhile, Strategy₿ upsized its STRD offering deal from $250 million to $1 billion fr mroe BTC investments.
• On June 6, BTC rebounded above $104,000, following a dip to $100,000 levels on June 5.

Bitcoin could be on its way to a new ATH. On June 6, Bitcoin’s price recovered above $104,000, following an earlier decline to $100,000 levels. Bitcoin’s price recovered amidst crypto market optimism, despite global geopolitical tensions and the Trump-Musk feud in the US.

Bitcoin Recovers Above $104,000 on June 6

At the moment of writing this article, BTC is trading above $104,000 following a drop to $100,000 levels on June 5.

On June 6, BTC marked multiple consecutive green candles following an earlier price drop amidst the Trump-Musk drama unfolding in the US and after today’s options expiry.

This morning at 08:00, $3,21 billion in Bitcoin options expired on Deribit, but the digital asset’s price kicked off a bullish move ahead of the options expiry, which still continues.

🚨 Options Expiry Alert 🚨

At 08:00 UTC Friday, over $3.8B in crypto options are set to expire on Deribit. $BTC : $3.21B notional | Put/Call: 0.76 | Max Pain: $105K $ETH : $624M notional | Put/Call: 0.69 | Max Pain: $2,600

Calls dominate up the curve. What do you expect to… pic.twitter.com/qipjSBR43l

— Deribit (@DeribitOfficial) June 5, 2025

Bitcoin’s price is pushed forward by the optimism in the crypto industry and continued global adoption .

Metaplanet and Strategy₿ to Raise Billions to Buy More BTC

On June 6, both Bitcoin-centric companies, Strategy₿ and Metaplanet, announced their bullish plans to raise more capital via their product offerings to buy more Bitcoin.

Strategy₿ upsiezd its Stride Perpetual Preferred Stock STRD offering from $250 million to approximately $1 billion, with the proceeds obtained from it to be used for boosting the company’s BTC holdings.

Michael Saylor made the announcement via X earlier today:

Strategy announces pricing of its Stride Perpetual Preferred Stock $STRD Offering and upsizes the deal from $250M to $1B. $MSTR https://t.co/3p2J6qRu38

— Michael Saylor (@saylor) June 6, 2025

Meanwhile, Metaplanet also announced that it had issued 555 million shares of moving-strike warrants, and the expected proceeds are approximately $5.4 billion, with plans to use the amount to buy more BTC.

The company announced on X that this is the largest stock acquisition rights issuance in Japan’s capital markets history and the first moving strike warrant ever issued above market.

*Metaplanet Issues 555 Million Shares of Moving-Strike Warrants, Expected Proceeds: ~$5.4b to Buy Additional $BTC ; Largest Stock Acquisition Rights Issuance in Japan Capital Markets History 1st Moving Strike Warrant Ever Issued Above Market* pic.twitter.com/ZgwiRE3GmU

— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025

Earlier, Metaplanert also announced its accelerated 2025-2017 Bitcoin Plan, aiming to raise 210,000 BTC by 2027.

*Metaplanet Announces Accelerated 2025-2027 Bitcoin Plan*

*Targeting 210,000 $BTC by 2027* pic.twitter.com/xJKu3J8Apb

— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025

Bitcoin-oriented companies continue their plans to acquire more BTC, regardless of the occasional market volatility.