GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senior notes. This move comes just a day after GameStop shares surged nearly 12% when the company revealed that its board had unanimously approved an update to its investment policy, designating Bitcoin as a treasury reserve asset.
Will corporate BTC strategy FOMO boost the crypto's value or signal its top?
Bitcoin exchanges supply has dropped to its lowest in 8 years, sparking hopes of a price recovery towards a new BTC all-time high. According to a Mar.
Bitcoin has maintained its upward trajectory so far this week, with the asset reclaiming and holding above the $85,000 mark. This performance reflects a weekly gain of approximately 4.7%, indicating a possible shift in momentum after weeks of sideways and bearish activity.
The Blockchain Group snapped up 580 BTC for €47.3 million, boasting a 709.8% BTC Yield YTD as it cements its role as Europe's Bitcoin treasury leader. French Blockchain Giant Doubles Down on Bitcoin, Unlocks 709.
A crypto analyst has disclosed that the Bitcoin price has reached a critical trigger point that could ignite a massive rally. If the cryptocurrency manages to hold above this key threshold, the chances of setting a new all-time high become increasingly likely.
The cryptocurrency market is currently stuck in a range, with Bitcoin still attempting to rise above the crucial $90k mark. Meanwhile, the majority of altcoins are trying to recover from recent losses. Experts are noticing an interesting shift, as altcoins begin to break trends and take the lead.
GameStop adds Bitcoin to its treasury while Fidelity explores launching a new stablecoin. But what's in it for investors, and which is the best to hold in 2025?
Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC's total supply.
France-based The Blockchain Group has added another 580 Bitcoin to its Bitcoin treasury, following a 225% surge in its stock price since it began hoarding Bitcoin in November.This is the largest of the three Bitcoin purchases made by the organization, per a March 26 after-hours statement. At the time of publication, 580 Bitcoin is worth $50.64 million, with Bitcoin's (BTC) price trading at $87,311, according to CoinMarketCap data.
Bitcoin is battling to reclaim the critical $90,000 level, with price action reflecting a shift in sentiment from extreme fear to cautious optimism. After weeks of volatility and uncertainty, the market appears to be stabilizing — but conviction remains low.
The cryptocurrency market remained largely unchanged on Thursday, with Bitcoin (BTC) hovering around $87,000, struggling to gain further momentum. Solana (SOL) and XRP registered sharper declines. The markets remained as investors look forward to April 2, when President Donald Trump is expected to announce his major reciprocal tariff measures.
The Blockchain Group's significant Bitcoin acquisition highlights a growing trend of institutional adoption, potentially reshaping financial strategies. The post Adam Back-backed The Blockchain Group acquires 580 Bitcoin, its largest-ever BTC buy appeared first on Crypto Briefing.
Bitcoin's miner reserve stability, coupled with institutional interest, signals potential for price growth.
A leading Russian economist has warned Moscow against developing a national strategic Bitcoin reserve, calling crypto stockpiles a “ticking time bomb.” The post Russian Economist Calls Strategic Bitcoin Reserves a ‘Ticking Time Bomb' appeared first on Cryptonews.
Bitcoin price remained supported above the $85,500 zone. BTC is now rising and might aim for a move above the $88,000 resistance zone.
On-chain data suggests that Bitcoin (BTC) whales – cryptocurrency wallets holding significant BTC amounts – have resumed accumulation after a brief period of dormancy. Bitcoin Accumulation Rises Among Whales In an X post published today, seasoned crypto analyst Ali Martinez highlighted a notable increase in BTC whale activity.
The open interest-weighted funding rate for Bitcoin perpetual futures turned negative in the past 24 hours. A negative funding rate usually signals bearish sentiment in the futures market, but the majority of liquidations seen in the past day were shorts, which typically follow a price increase.
Ripple's US growth and BlackRock's ETF interest could shift XRP's supply-demand balance as ETF odds soar to 87% and $8B inflow projections surface.
Cryptocurrencies are swimming in a sea of red following a wave of market corrections across top assets. A glance at the charts reveals that crypto price today exhibits dour sentiments with BTC, ETH, SOL, and XRP in bleed mode.
Bitcoin follows the S-curve of exponential technologies, but is its adoption stalling or about to skyrocket?
March 2025 is witnessing a significant wave of changes in how US states approach cryptocurrency. Several states are actively introducing and passing legislative initiatives to promote crypto adoption.
Bitcoin price hovers near $86K, but analysts say there's a 75% chance of new all-time highs by 2025. Key levels and on-chain data suggest momentum is building. The post Will Bitcoin Hit New Highs in 2025? Analyst Says There's a 75% Chance appeared first on Cryptonews.
Gordon said Wednesday Wyoming should focus on practical crypto initiatives like its stablecoin, set to launch this summer.
Bitcoin (BTC) is up nearly 5% over ten days and is currently attempting to reclaim the $90,000 level. The recent uptick in whale activity, combined with strong technical indicators, is fueling optimism about a potential breakout.
GameStop announced today that it's offering $1.3 billion worth of stock to fund Bitcoin acquisitions, which prompted a 12% gain in its stock.
Bitcoin and Ethereum missed their usual Q1 bull run - will Q2 be any different?
Bitcoin lingers right around the $87,000 threshold after a midday descent to $85,869 per coin Wednesday afternoon, its momentum tempered by fleeting volatility. Bitcoin's Quiet Dance For much of March 26, the top cryptocurrency oscillated within a narrow corridor, briefly slipping to $85,869 around 3 p.m. ET. Global crypto asset exchanges recorded around $79.
A recent assessment has provided insight into how much Bitcoin (BTC) is needed for a comfortable retirement in the United States. In an X post, Financial analyst Miles Deutscher estimated the amount of Bitcoin required to achieve financial freedom, citing the work of Austrian economist Carl Menger.
Bilal Bin Saqib, Chief Adviser to Pakistan's Finance Minister and CEO of the Pakistan Crypto Council, joins CoinDesk to discuss the country's evolving stance on digital asset innovation. Plus, Pakistan's advantage in the age of crypto with its young, digitally savvy population and surplus energy, which are being leveraged to attract bitcoin miners and AI data centers.
Gamestop is raising $1.3 billion to supercharge its bitcoin treasury strategy—despite holding $4.76 billion in cash—mirroring an aggressive, Microstrategy-style playbook. Gamestop Raising $1.3B, Aims to Build Bitcoin-Fueled Treasury Gamestop Corp. (NYSE: GME) announced on March 26 that it intends to raise $1.
GameStop is planning a private offering of $1.3 billion in convertible senior notes to fund general corporate purposes and Bitcoin (BTC) purchases for its treasury, according to a March 26 announcement. The announcement follows GameStop's March 25 disclosure of an updated treasury strategy that will include digital assets.
GameStop announced Tuesday it plans to raise $1.3 billion through a private sale of 0.00% Convertible Senior Notes due 2030, with a clear intent to use part of the cash to buy Bitcoin. The company's board signed off on the decision the same day, and the stock shot up 11.
In conjunction with Q4 earnings on Tuesday, GameStop said it would update its investment policy to add Bitcoin as a treasury reserve asset.
GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC). The company plans to finance the purchase through debt financing.
GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC). The company plans to finance the purchase through debt financing.
Bitcoin Magazine GameStop Announces $1.3 Billion Fundraising Plan to Purchase Bitcoin GameStop Corp. announced plans to raise $1.3 billion through a private offering of convertible senior notes, with proceeds intended for general corporate purposes, including the acquisition of Bitcoin. This follows the company's recent decision to update its investment policy to add Bitcoin as a treasury reserve asset. This post GameStop Announces $1.3 Billion Fundraising Plan to Purchase Bitcoin first appeared on Bitcoin Magazine and is written by Nik.
GameStop said it plans to offer to $1.3 billion worth of convertible senior notes to buy Bitcoin, following the approach of Strategy.
Retail company GameStop (GME) has announced plans to raise up to $1.3 billion to buy Bitcoin for its treasury. This comes just a day after the company announced BTC's addition to its treasury reserve holdings.
The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet.
Despite strong institutional demand, Bitcoin (BTC) has struggled to reclaim the $100,000 level for the past 50 days, leading investors to question the reasons behind the bearishness despite a seemingly positive environment. This price weakness is particularly intriguing given the US Strategic Bitcoin Reserve executive order issued by President Donald Trump on March 6, which allows BTC acquisitions as long as they follow “budget-neutral” strategies.
Videogame retailer GameStop, which was at the epicenter of the meme stock mania of 2021, has announced that it intends to issue $1.3 billion of convertible notes. The 0.00% notes will mature in 2030.
Bernstein believes Strategy, formerly known as MicroStrategy, could amass more than 1 million Bitcoin (BTC) by 2033 in a bullish market cycle, Benzinga reported on March 26, citing a research note. The projection issued by Bernstein analysts, outlines two vastly different paths for the company depending on macroeconomic conditions and Bitcoin's long-term price trajectory.
Bitcoin long-term holders were bidding again after selling during the 'Trump pump' rally.
Bernstein believes Strategy, formerly known as MicroStrategy, could amass more than 1 million Bitcoin (BTC) by 2033 in a bullish market cycle, Benzinga reported on March 26, citing a research note. The projection issued by Bernstein analysts, outlines two vastly different paths for the company depending on macroeconomic conditions and Bitcoin's long-term price trajectory.
The crypto market recorded slight gains after weeks of sideways readings. Institutional numbers headlined the rebound in Bitcoin (BTC) and many altcoins despite creeping sentiments.
The number of Bitcoin (BTC) whale wallets holding at least 10,000 BTC has been steadily increasing according to leading on-chain analytics provider Glassdoor.
A dormant Bitcoin whale has resurfaced after eight years, transferring huge assets and leading the community to a frenzy. Over the years, ancient whales mostly become active after a major price uptick to maximize gains.