GameStop is issuing $1.3B in convertible senior notes to fund Bitcoin purchases. GameStop's bonds have a 0% interest rate, mature in 2030, and offer a 35-40% conversion premium for stock conversion.
As the new month nears its close, the cryptocurrency market has begun to recover, and the leading crypto asset, Bitcoin, has made a slow but progressive upward run, briefly tapping $88,350.
South Korea's largest cryptocurrency exchange, Upbit, has announced the listing of WAL trading pairs. WAL, the native token of Walrus, will now be available for trading in Korean won (KRW), Bitcoin (BTC), and Tether (USDT) pairs.
There's a long-standing rivalry between the king of cryptocurrencies, Bitcoin (BTC -0.77%), and the coin that many have considered to be the heir to the throne, Ethereum (ETH -2.01%).
Altcoins like CRV thrive when Bitcoin steadies, but with BTC at a pivotal price level, which way will the dominoes fall?
Predictions shape the crypto market, especially when they come from seasoned analysts. As Bitcoin surpasses $85,000, attention turns to its outlook.
GameStop Corp. (NYSE: GME) has announced plans to raise $1.3 billion through a private offering of convertible senior notes, with a portion of the proceeds earmarked for acquiring Bitcoin (BTC).
BItcoin (BTC) retains a $138,000 price target for 2025 as the market recovers from US trade tariffs, new analysis concludes. Data covering bets on prediction service Polymarket suggests that BTC/USD could still gain around 60% from current levels this year.
Matt Hougan, chief investment officer at Bitwise Invest, has noted that Vanguard Group is the top institutional holder of GameStop.
Company CEO Alexandre Laizet previously said the company's strong stock performance came from focusing on amassing bitcoin.
Bitlayer has announced the integration of the BitVM Bridge with Xverse Wallet, a bitcoin wallet that supports customizable Bitcoin testnet configurations. This collaboration allows users to access the trust-minimized BitVM Bridge seamlessly through the Xverse Wallet, enhancing the adoption of BitVM technology in the Bitcoin decentralized finance (DeFi) space.
Bitcoin has shown signs of stabilization above the $86,000 mark after reclaiming the level earlier this week. This recovery marks a shift in short-term sentiment after several weeks of price turbulence.
Bitcoin just got even more accessible thanks to a new feature from CashuBTC, a privacy-focused eCash wallet. CashuBTC recently rolled out a new service that allows users to send Bitcoin offline using NFC (Near Field Communication).
GameStop said that the $1.3 billion of convertible senior notes will have a five-year maturity and would use the proceeds to purchase Bitcoin. The post GameStop Proposes to Raise $1.3B in Convertible Debt for Bitcoin Purchases appeared first on Cryptonews.
The Blockchain Group, a French blockchain company, has made a major move to boost its bitcoin holdings. On March 26, the company announced it bought 580 BTC for about €47.3 million ($50.8 million), increasing its total to 620 BTC. This step highlights the company's strong commitment to the growing cryptocurrency market.
March 27, 2025 07:02:45 UTC Bitcoin Liquidation HeatMap Over the past three days, Bitcoin has seen a balance between Long and Short positions, with Longs slightly ahead. However, Longs have clearly dominated over the past week. Major liquidation zones are around $89K and below $83K.
An analyst who nailed Bitcoin's pre-halving correction last year says that an explosive BTC move to the upside remains in play despite this month's correction. The analyst, pseudonymously known as Rekt Capital, tells his 107,000 YouTube subscribers that Bitcoin remains in the “banana zone” based on historical precedence.
French tech firm The Blockchain Group has bolstered its Bitcoin holdings with the purchase of 580 BTC, marking its largest acquisition to date. The post The Blockchain Group Adds Another 580 BTC to Bitcoin Treasury Amid Stock Price Surge appeared first on Cryptonews.
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.