In the three Bitcoin related stocks that I am covering here, the GameStop announcement of the company keeping Bitcoin on its balance sheet now opens another route for investors to trade based on what Bitcoin is doing.
TL;DR Strategic Pivot to AI: Crusoe Energy sells its Bitcoin mining division, including its waste gas-powered DFM technology, to focus on expanding its AI infrastructure. NYDIG's Expansion: NYDIG acquires 270 megawatts of mining power and integrates 135 employees to boost its Bitcoin mining and energy capabilities.
GameStop, a household name in video game retail, has long been a focal point for financial intrigue, from its volatile stock movements to its embrace of meme culture.
The current stock market correction has been difficult not just for equity investors, but also for crypto investors. Across the board, nearly every major cryptocurrency is down for the year.
Bitcoin Magazine How PlebLab is Shaping the Future of Bitcoin Startups in Austin Born in the heart of Texas, PlebLab.dev is a well-known name within the Bitcoin start-up world. And yet, most people who have heard about this niche Bitcoin community in Austin are probably unaware of their wins and influence.
Traders are braced for meme stock darling GameStop to make a bitcoin-related announcement when it reports fourth-quarter results after Tuesday's market close—potentially following in the footsteps of Michael Saylor's Strategy
The level will remain a potential area of volatility following Friday's quarterly options settlement.
TL;DR Bitcoin Adoption: GameStop's board approved adding Bitcoin as a treasury reserve asset, marking its official entry into cryptocurrency investments. Strategic Inspiration: Influenced by insights from CEO Ryan Cohen's meeting with Michael Saylor, the move positions Bitcoin as a key asset for portfolio diversification.
While the costs of Bitcoin mining can be very high, the return on investment (ROI) is even higher for major operations with huge mining capacity.
Bitcoin and gold are diverging as safe-haven assets, driven by volatility, regulation, and investor behavior. Learn why this shift matters for markets and portfolios.
GameStop shifts focus to Bitcoin: is the firm following Michael Saylor's $BTC play?
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.
GameStop adds Bitcoin as treasury reserve asset, sending stock up 6% after hours while reporting $131 million in profits for 2024.
Shift in capital flows reflects strong bullish sentiment, highlighting Bitcoin's resilience.
Bitcoin is hovering close to $88,000, nearly 10% above its bull market low of $76,600. Crypto traders are less fearful now, sentiment has improved, relative to the past few weeks, according to the Fear & Greed Index.
GameStop, the video game retailer that gained meme-stock status, is reportedly preparing to invest in Bitcoin.
Bitcoin traded slightly higher on Wednesday, hovering around $87,284.50 as of 01:15 ET (05:15 GMT), with market participants awaiting clarity on impending U.S. trade tariffs. Investors remain cautious amid fears that the recent rally could be a bull trap, where a short-lived price increase misleads traders before a sharp drop.
Bitcoin (BTC) may be losing momentum after forming a bearish double top pattern on short-term charts. The leading cryptocurrency peaked near $87,400 last week, then dropped to around $84,000 before briefly recovering above $87,000only to stall again.
Prominent American entrepreneur Jason Calacanis is throwing shade at GameStops surprising move to adopt Bitcoin as a reserve asset. The 54-year-old angel investor quipped, If youre a public company that cant figure out a business model, buy Bitcoin!a jab that quickly made waves on social media.
In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market's largest cryptocurrency, Bitcoin (BTC). This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which has made headlines for its substantial Bitcoin acquisitions led by its co-founder Michael Saylor.
United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector.
Bitcoin trades above $87,600 as Fidelity files for a Solana ETF and GameStop updates policy to hold BTC—boosting institutional crypto momentum. The post Bitcoin Nears $88,000 as Fidelity Files Solana ETF and GameStop Opens to BTC appeared first on Cryptonews.
GameStop, the video game company, announced that its board of directors unanimously voted to add Bitcoin to its treasury reserves. GameStop has become a meme stock through its online popularity and association with non-traditional forms of finance.
Crypto markets have added $400B since early March, but a bearish rising wedge pattern, high correlation with U.S. stocks, and macroeconomic risks suggest the rebound may be a bull trap.
GameStop is shaking things up. Indeed, the board of directors of the video game giant has just approved the addition of bitcoin to its treasury.