GameStop Adds Bitcoin as a Treasury Reserve Asset
The board of GameStop (GME) has unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset, the company said in a statement.
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The board of GameStop (GME) has unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset, the company said in a statement.
There was an incident this week, on Monday to be precise, when the 23-day moving average on the Bitcoin price chart crossed down the 200-day curve, forming what is known as a "death cross" pattern. What is expected after this technical analysis formation with an ominous name is a decline.
Social media buzz hits extremes with $159K predictions, but Santiment warns crowd euphoria often precedes drops.
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, declared that the final existential threat to Bitcoin (CRYPTO: BTC) vanished with President Trump's recent executive order establishing a U.S. Strategic Bitcoin Reserve. What Happened: In a note released on Tuesday, Hougan argued that this move eliminates the lingering fear of a government ban, marking the present as the safest time ever to invest in Bitcoin on a risk-adjusted basis.
Kentucky Governor Andy Beshear has signed into law House Bill 701, also known as “An Act relating to blockchain digital assets.”
Bitwise CIO Matt Hougan believes Trump's executive order to establish a U.S. Strategic Bitcoin Reserve has eliminated the final major threat to Bitcoin's long-term viability. The post Trump's Bitcoin Reserve Order Removes “Last Existential Risk,” Says Bitwise CIO appeared first on Cryptonews.
Bitcoin rose above $88k as the market reacted to news tha GameStop will add BTC as a treasury asset. Now analysts say this could ignite fresh retail participation, suggesting this might be the time to position.
Bitcoin is on everyone's crosshairs once more. The cryptocurrency shot up to $88,500 today, exciting traders who think the price will rise to $95,000 in the near term.
Over 27,740 Bitcoin (BTC) worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue their inflow streak, suggesting that institutional demand is making a comeback.
There's simply no way to sugarcoat things: The crypto market seems to be in free fall, and many top cryptocurrencies are down 40% or more for the year. Even Bitcoin (BTC 1.26%), which is often referred to as "digital gold," is down 20% from its all-time high in January.
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Mysterious transfer activity has recently been spotted between major U.S. exchange Kraken and leading cryptocurrency Bitcoin (BTC). According to Whale Alert, an unknown major investor recently transferred a colossal amount of BTC, 3,000 coins, worth $262,759,132 million to be exact, to Kraken.
As a result, on a risk-adjusted basis, now is the "best time in history to purchase bitcoin," Hougan argued.
Crusoe Energy is selling its Bitcoin mining business to NYDIG to focus fully on expanding its AI infrastructure operations while maintaining an equity stake in the combined entity.
BlackRock is expanding its footprint in the crypto industry as it launched a Bitcoin ETP in the EU following proof of high demand in the region.
The three biggest memes have gained the most over the past day.
Bitcoin climbs to $88,000 as analysts project potential 14% surge if $90,000 resistance is broken, while markets await Trump's April 2 tariff decision.
In its latest investor memo, titled “The Great Derisking of Bitcoin,” Bitwise Asset Management has taken a bold stance on the future of the world's original cryptocurrency. Chief Investment Officer Matt Hougan delivered a detailed analysis in a dispatch dated March 25, 2025, stating, “Now is the best time in history to purchase bitcoin (on a risk-adjusted basis).
GameStop announced plans to allocate part of its $4.8 billion cash reserves to Bitcoin and US-dollar-pegged stablecoins, triggering a 10% surge in stock price.
BlackRock, the world's largest asset manager and now a major player in the broader crypto landscape, is making headlines again with the upcoming launch of its first Bitcoin exchange-traded product (ETP) in Europe.
Bitcoin is at an important crossroads, and understanding where it could go next is key for anyone watching the market. The price is currently testing some critical levels, and there are a few things to keep an eye on in the short term.
This legislation marks a significant step forward for the state's stance on digital assets. It secures essential protections for individuals and businesses involved in the crypto space.
Strategy, previously known as MicroStrategy, has announced a new issuance of 8,500,000 preferred shares at a price of 85.00 USD per share, with the aim of raising approximately 711.2 million USD net. The funds will be primarily allocated to the acquisition of Bitcoin and working capital, confirming the company's confidence in the growth potential of the cryptocurrency. But what are the details of this operation and what does it mean for investors and the market? Let's find out. The preferred shares issued by Strategy are perpetual and offer an annual dividend of 10%, calculated on a nominal value of 100 USD per share. This translates to 10 USD of annual dividend per share. However, since the selling price is set at 85 USD, the effective yield for investors reaches 11.76% (10 USD / 85 USD), an interesting return for those seeking stable income.
GameStop adds Bitcoin to treasury with unanimous board approval. GameStop will use a portion of its cash reserves, and potentially future debt or equity, to invest in Bitcoin.
