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GameStop is making news again, only that this time, it has nothing to do with meme stocks. The gaming retailer is making a bold move into Bitcoin, after successfully raising $1.5 billion through a convertible note offering.

Leading on-chain data provider CryptoQuant has revealed a shocking trend that public companies bought a massive 91,781 BTC in Q1 2025. Yet, despite this strong buying activity, Bitcoin's price dropped from $94,400 to $82,500, a 12% decline.

GameStop and Tether are deepening their exposure to Bitcoin, with GameStop raising $1.5 billion to add the cryptocurrency to its treasury and Tether expanding its Bitcoin holdings.

Much is still hanging on the market reading of President Trump's tariffs, which go into effect on Wednesday, but if positive, Bitcoin proxy companies Strategy, Metaplanet, and Boyaa, are all ready to breakout and head higher.

The stablecoin issuer Tether is reportedly sitting on $3.86 billion worth of unrealized Bitcoin (BTC) profits. The crypto tracker Spot On Chain notes Tether has the sixth-largest Bitcoin wallet in the world, with its reserves totaling 92,647 BTC worth $7.88 billion at time of writing.

The crypto market registered a marginal uptick over the past 24 hours despite several altcoins crashing on April Fools' Day. Despite the altcoin crash, the crypto market cap is up 0.50% and currently sits at $2.7 trillion.

Bitcoin is back in the spotlight – and not just because of the price charts. In the latest twist of crypto-meets-mainstream, Eric Trump has officially stepped into the Bitcoin mining game.

President Trump is expected to announce large-scale tariffs, including reciprocal tariffs, later on Wednesday.

Investors pulled $222 million from US Bitcoin and Ethereum ETFs in the first two days of the week, with Fidelity's FBTC leading Bitcoin ETF outflows.

Currently, the Bitcoin market stands over 30% below the all-time high. In February, the market recorded a drop of 17.5%. In the previous months, it registered a decline of 2.19%. In the last seven days alone, the market has decreased by 3.2%. However, in the last 24 hours, it has witnessed a surge of 0.9%.

Eric Trump and Donald Trump Jr. have backed a new company, American Bitcoin Corporation, which used to be called American Data Centres. American Bitcoin recently acquired ASIC miners from the company Hut 8.

As markets brace for the impact of President Trump's tariff announcements, experts point to regulatory clarity as bullish catalyst, while a looming correction in equities remains the most prominent downside risk. What Happened Despite a global macro backdrop filled with uncertainties—from proposed sweeping U.S. tariffs to stubborn inflation and elevated rates—digital assets have shown remarkable resilience.

Japanese hotel firm deepens bitcoin strategy with new BTC purchase and impressive Q1 performance

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Bitcoin (BTC) price fluctuations have affected bull traders following recent outflows. The general market downturn has impacted trading volumes in the top crypto assets and altcoins.

GameStop, the 2021 short squeeze icon, has roughly $1.5 billion to begin acquiring Bitcoin for its treasury after completing its private offering of five-year convertible notes.

Once again, GameStop defies expectations. Known for its stock surges and status, the video game retailer makes a new move by raising $1.5 billion through a convertible debt issuance.

A reversal on tariffs is "almost inevitable" because "markets crave clarity," an expert said on a Wednesday trading note.

On-chain data shows the Bitcoin Hashrate has set a new all-time high (ATH) recently, a potential sign that miners are still hopeful about BTC's future.

The Bitcoin price is currently down more than -22% from its all-time, displaying a series of lower highs on the daily timeframe. While the weekly and monthly time bullish, the calls for the beginning of the Bitcoin bear market are growing louder on X.

TL;DR $1.5B Raised via Convertible Notes: GameStop raised $1.5 billion through a convertible senior note sale, surpassing its initial $1.3 billion target due to strong investor demand, with notes maturing on April 1, 2030.

Crypto critic Peter Schiff once again sparked debate with his stark criticism of Bitcoin (BTC). In his recent X post, Schiff debunked the notions of ‘digital gold,' reinforcing his skepticism about BTC.

Just 24 hours ago, the crypto market seemed like a prosperous place after days, if not weeks, of uncertainty. Even the popular Fear & Greed indicator made it back into greed mode and reached a reading of 44.

Bitcoin Magazine Smarter Web Company Plans Public Listing with Bitcoin Treasury Strategy Smarter Web Company prepares to go public with a Bitcoin treasury strategy, marking a shift in how growth-focused firms manage capital and preserve value. This post Smarter Web Company Plans Public Listing with Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Nick Ward.