Since Bitcoin is on the rebound after its crash close to $102K due to the Iran-Israel war, another positive news has arrived from the market. Trump Media’s application to the Securities and Exchange Commission to register up to $12 billion Bitcoin reserve has just been deemed effective by the commission.
This is another positive news that could push the BTC price further up at a time when people’s hopes are pinning on the apex crypto to reach new highs. It also opens venues to find the best crypto to buy now as the influx of buyers could give certain new projects room to grow.
A Dive into the Registration Statement
Stock Titan has given deeper insights into the deal. The registration essentially covers the resale of 50 million equity shares and 29 million shares of underlying convertible notes, which means Trump Media has now secured $2.3 billion in funding to create the reserve.
This essentially makes it one of the largest Bitcoin treasury deals by a public company.
The registration also contains a “universal shelf registration,” giving companies the flexibility to raise capital in the future.
Further insight into the deal shows that it has been orchestrated by Trump Media in order to expand the infrastructure of its Truth Social media, Truth+ streaming service, as well as Truth.Fi financial technology brand.
However, information on Stock Titan shows that it may not be completely positive news, as funding this acquisition has led to dilution of assets. Since $12 billion is the target, further dilutions will be on the way. Straining of the operational focus on other business verticals has also been pointed out as a cause of concern.
Bitcoin’s Current Price Action
The Bitcoin price is currently consolidating below the $105K level, and despite the Trump Media news, there has been little to no impact on the market. This is likely because of the brewing uncertainty within the ecosystem due to recent escalations between Iran and Israel, which has raised concerns about the emergence of a “WW3”-like situation.
A microview of the price chart on TradingView shows red candles forming today, despite a minor rebound the market experienced yesterday.
With the region around $75K–$80K being Bitcoin’s support zone and the $110K level being its crucial resistance level, right now, people’s eyes are on whether Bitcoin will enter the five-digit territory again. This is because the recent price action has caused Bitcoin to break below its ascending trendline that it has followed since the second week of April 2025.
Adding to the bearish news is Ali Martinez, who, in one of his latest charts, revealed that whales holding over 1,000 BTC have started to trim their positions.
Some of the largest #Bitcoin $BTC whales holding over 1,000 BTC have started trimming their positions. pic.twitter.com/kxYlND5Ohi
— Ali (@ali_charts) June 13, 2025
Best Crypto to Buy Now Besides Bitcoin
Bitcoin might have presented a “buying the dip” opportunity due to its recent price action, but retail investors are cautious because the apex crypto stands on the precipice of breaking down its uptrend. Despite how much the likes of Michael Saylor rally behind Bitcoin, the current geopolitical climate has had people acting under FUD, which means it is possible that new lows may come in the future.
Therefore, investors should also keep an eye on crypto ICOs that feature better upsides.
BTC Bull
Bitcoin might be volatile, but those who still continue to believe in it know that if the BTC price does end up sticking to its uptrend, a new high around the $125K level can be tested. And that’s where BTC Bull, a Bitcoin-themed meme coin project, works its magic.
Heavy on the bullish themes around Bitcoin, BTC Bull is a project featuring a simple premise focused on following Bitcoin’s growth.
Two mechanics — Bitcoin airdrops and token airburns — will start to trigger as soon as Bitcoin reaches the $125K mark. This indirectly ties BTC Bull to the apex crypto, funneling people’s interest onto itself, which could potentially lead to the token price exploding.
There are no long-term prospects for this cryptocurrency, but that’s not to say that it doesn’t have at least some value for short-term investors.
The interest in this crypto is evident by its fundraising event, which has led to it raising upwards of $7 million at the time of writing.
In fact, most investors are bullish about the prospects of BTC Bull, with some claiming it has explosive potential.
Bitcoin Hyper
Bitcoin Hyper is a meme coin on a mission to inject utility into the Bitcoin network. The memetic style it has adopted is based around speed, featuring a Pepe in a flash costume, giving it the vibe of a Pepe combined with Bitcoin.
Described by the official website as the world’s first L2 solution for the Bitcoin network, Bitcoin Hyper leverages L2 scaling tools, the Solana Virtual Machine, and a Canonical Bridge.
The official whitepaper of the platform goes into great detail about how it would help the ecosystem evolve over time, which indicates it may be true in its claims that it aims to be more than just a meme coin.
Furthermore, Bitcoin Hyper also discusses transforming the Bitcoin network into an ecosystem where it is possible to create decentralized applications, NFTs, and other tools that haven’t been part of its structure until now.
With over $1.2 million raised at the time of writing, Bitcoin Hyper is another asset generating a lot of buzz within the cryptocurrency space.
Due to these factors, crypto influencers have called it the next 100x token on the market.
Snorter
Snorter is a cryptocurrency project, which right now is a suitable pick besides Bitcoin among those looking to interact with the Solana meme coin market.
Solana memes are arguably the second-biggest crypto narrative besides Bitcoin. In the last two years, they have seen immense growth. However, profit takers arrive too quickly, dropping the prices of some of the biggest assets just as quickly.
Snorter, with its automated sniping tool on Telegram, is reportedly designed to help investors stay ahead of the curve. It focuses primarily on Solana-based meme coins for now, providing users with the right timing to pick emerging tokens and gain from them.
However, it has plans to add support for Ethereum and BNB tokens as well.
Snorter is another one of the more utility-centric tokens to have emerged on the market. Having raised close to $1 million within two weeks of being launched, it could make an explosive debut once it goes live on exchanges.
Conclusion
Trump Media’s application for a Bitcoin strategic reserve has not made much of an impact on the Bitcoin price as of now, but it could do so in the future. Focusing on this matter could be considered trivial, considering there is a war going on, whose impact on the crypto market has already been profound. However, times will get better, and when that happens, institutional support will be the key factor helping Bitcoin reach new highs.
To ride this wave, investors should consider finding the best crypto to buy now among Bitcoin-parallel assets, such as Bitcoin Hyper and BTC Bull. While not as popular as BTC right now, they do have a certain unique aspect — be it memes or use cases — that is helping them level up on the market.
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