GameStop is the latest to add bitcoin as a corporate treasury asset
Last month, GameStop's CEO posted a photo with Strategy's Michael Saylor, prompting speculation the company could get involved with cryptocurrency.
Keep up with what's happening in the crypto world in real-time.
Last month, GameStop's CEO posted a photo with Strategy's Michael Saylor, prompting speculation the company could get involved with cryptocurrency.
Coin Metrics' latest State of the Network report reveals bitcoin miners are balancing stabilized revenues and persistent fee pressures post-halving through hardware upgrades and renewable energy adoption, amid geopolitical supply chain risks.
Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal. Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level.
Cryptocurrency markets are trading relatively flat on Tuesday as GameStop announced the acquisition of Bitcoin for its treasury. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $88,471.10 +0.03% Ethereum (CRYPTO: ETH) $2,079.34 -0.6% Solana (CRYPTO: SOL) $145.94 +2% XRP (CRYPTO: XRP) $2.46 -0.3% Dogecoin (CRYPTO: DOGE) $0.1910 +1.6% Shiba Inu (CRYPTO: SHIB) $0.00001376 +0.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 78% and daily active addresses growing by 30%.
GameStop said on Tuesday that its board has uanimously approved the addition of bitcoin as a treasury reserve asset.
Video game retailer announced Tuesday its board has unanimously approved a plan to add Bitcoin as a treasury reserve asset.
Company CEO Ryan Cohen had teased possible purchases weeks ago, notably sharing a photo of himself and Strategy's Michael Saylor at a Mar-a-Lago event
GameStop has amended its investment policy in order to add Bitcoin as a treasury reserve asset.
President Donald Trump's tariffs have made investors jittery. Some analysts think peak uncertainty has passed.
According to Jurrien Timmer, director of global macro at mutual fund behemoth Fidelity Investments, Bitcoin has seen little growth over the past year when it comes to its wallet count.
Bitcoin ETFs continued their positive momentum with a seventh consecutive day of inflows, adding $84 million on March 24. Meanwhile, Ether ETFs ended a 12-day streak of outflows, recording neutral activity for the day.
Bitcoin (BTC) mining revenues hit $3.7 billion in the fourth quarter of 2024, a 42% increase from the prior quarter, and are approaching similar levels of around $3.6 billion in Q1 2025, according to data from Coin Metrics. The revenue uptick suggests miners' incomes are stabilizing after the Bitcoin network's “halving” in April 2024 reduced mining rewards from 6.25 BTC to 3.125 BTC per block.
The spectacular rise of Solana (SOL) by 8% this Monday, along with Bitcoin (BTC) nearing $90,000, illustrates the current volatility of the crypto market. However, this impressive momentum is closely linked to global economic developments, particularly the trade tensions caused by the United States, which weigh on the future of cryptocurrencies and investor confidence.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
If BTC corrects while ETH holds key support, can ETH/BTC reverse its trend?
Bitcoin Magazine NYDIG to Acquire Crusoe's Bitcoin Mining Operations Crusoe shifts focus to AI infrastructure as NYDIG expands its bitcoin mining business. This post NYDIG to Acquire Crusoe's Bitcoin Mining Operations first appeared on Bitcoin Magazine and is written by Nik.
KULR Technology Group, Inc. announced Tuesday that it purchased an additional $5 million in bitcoin for its corporate treasury, increasing total holdings to $65 million. KULR Purchases $5M in Bitcoin at $88,824 Average Price, Total Spend Hits $65M The Houston-based energy management firm, KULR Technology Group, Inc.
The investment firm and provider of exchange-traded funds (ETFs) launched three protected bitcoin ETFs earlier this year, but it won't do the same for Ethereum.
A recent Standard Chartered report reveals that swapping Tesla for Bitcoin in the “Magnificent 7” index enhances returns and reduces volatility.
According to BitMEX co-founder Arthur Hayes, a confluence of various macroeconomic factors is flashing bullish for Bitcoin (BTC). Hayes predicts the alpha crypto might rise to a new lifetime high of $110,000 before retracing to $76,500.
Matthew Pines, Executive Director at the Bitcoin Policy Institute, has addressed concerns about the fracturing global financial system and the reliability of U.S. Federal Reserve dollar swap lines. He notes that European banks are heavily reliant on dollar funding, with 17% of their financing in dollars, and highlights a shift in the U.S.
Bitcoin held steady near $88,000 even as roughly $1 billion worth of BTC was quietly moved from the defunct Japanese exchange Mt Gox. Bitcoin Price Unfazed by Massive Mt.
This year has been remarkably rough for Bitcoin and the broader crypto market, driven by unfavorable macroeconomic and political conditions. Even though BTC hit a new all-time high of $109,000 earlier this year, the flagship asset has been under robust bearish pressure, causing a drop to about $76,000.
Strategy founder Michael Saylor suggested in a recently aired Coindesk interview that burning his bitcoin private keys—akin to Satoshi Nakamoto's anonymous legacy—could serve as a form of “decentralized charity” to permanently empower the Bitcoin network.
