GameStop Announces $1.3 Billion Fundraising Plan To Purchase Bitcoin

GameStop Corp. (NYSE: GME) announced today that it intends to raise $1.3 billion through a private offering of convertible senior notes and will use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin. The move comes a day after the company revealed an update to its investment policy, allowing Bitcoin to be used as a treasury reserve asset.

The offering consists of $1.3 billion aggregate principal amount of 0.00% Convertible Senior Notes due in 2030. Additionally, the company plans to grant initial purchasers an option to buy up to $200 million more in notes within a 13-day period from the first issuance date. The notes will be…

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Crypto comes to Washington: Takeaways from the DC Blockchain Summit

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Hello from Washington! I’m not here to see the cherry blossoms, although they’re providing a nice backdrop for the DC Blockchain Summit. 

It’s a busy week in the District. And I’m not just talking about the drama surrounding crypto’s favorite messaging app. 

Tomorrow, more Trump Cabinet hopefuls head to the Senate for nomination hearings. Paul Atkins (up to be the next chair of the SEC), will join Jonathan Gould (for Comptroller of the Currency), Luke Pettit (for Assistant Secretary of the Treasury) and Marcus Molinaro (for Federal Transit Administrator). We imagine Atkins…

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Bitcoin, Ethereum, XRP, Dogecoin Dip Amid Fresh Market Worries

Cryptocurrency markets are pulling back, mirroring declines in traditional financial markets. The downturn comes as reports indicate President Trump is preparing new auto tariffs, adding uncertainty to global markets.

CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD$86,246.92-1.9%Ethereum ETH/USD$1,995.62-3.4%Solana SOL/USD$137.42-5.4%XRP XRP/USD$2.37-3.4%Dogecoin DOGE/USD$0.1940+0.7%Shiba Inu SHIB/USD$0.00001448+5.8%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 11% and daily active addresses falling by 9.2%. Transactions greater than $100,000 are down from 10,665 to 9,714 in a single day. Exchanges netflows are up by 739.3%.

Coinglass… Read more on Benzinga

We’ve Turned A Generation Of Bitcoiners Into Digital Goldbugs

Bitcoin is a technology. It is not some force of the universe, some natural element or mineral that was “discovered” floating out in the ether. It is a technology. Technologies are created by human beings, not discovered. They are designed. That design has intent, elements of it are made specifically in a way to facilitate that intent. The tolerances of what a technology can or cannot handle are a result of those design decisions, which are in turn a result of the intent. 

New Bitcoiners are being brought into the world of Bitcoin through a lens that obscures and distorts the realities of Bitcoin as a technology and what that entails, and tries to pack it into the box of…

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Azuki’s upcoming game gets pricey card packs

This is a segment from The Drop newsletter. To read full editions, subscribe.

The anime-inspired Ethereum NFT collection Azuki is releasing its Alpha Starter Decks this week. These decks consist of mystery loot, booster packs, and cards that will be playable in the brand’s upcoming trading card game (TCG).

Each box — either a red “Shao” box or a blue “Raizan” box — will cost the equivalent of $95 of the ANIME token. Only Azuki community members will be able to buy these boxes, based on their predetermined status level. The eligibility snapshot was taken Tuesday morning, so it’s too late to qualify if you don’t own any Azuki NFTs.

Azuki’s Games Division…

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GameStop’s Bitcoin Move Looks Bold—But It Might Be Brilliant

This week, GameStop quietly updated its investment policy to include Bitcoin as a treasury reserve asset. With approximately $4.78 billion in cash—nearly 37% of its $12.9 billion market cap—this move marks more than just a diversification of reserves.

JUST IN: @GameStop updates its investment policy to add #Bitcoin as a treasury reserve asset.

The company holds ~40% of its $11B market cap in cash reserves—that’s $4.62 BILLION of capital looking for a new home. pic.twitter.com/o62rrdwpKo

— Bitcoin For Corporations (@BitcoinForCorps) March 25, 2025

It’s a signal that corporate treasury strategy is evolving. That excess cash on the balance sheet can—and perhaps should—be…

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What would a market of a thousand stablecoins look like?

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Another day, another stablecoin launch. 

Fidelity Investments is looking to launch its own stablecoin through its digital assets arm, the Financial Times reported Wednesday.

There are few details on the Fidelity stablecoin currently, but a safe guess is that it’ll be backed by US Treasurys.

As regulatory risk looks to be coming off the table for crypto assets, a rapid number of companies from both TradFi and DeFi are eyeing Tether’s billion-dollar throne and looking to tap into the digital-dollar business.

At Blockworks’ Digital Assets Summit 2025, executive director of the…

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LATEST: Bitwise CIO Declares BTC as Top Market Backup With Trump’s Reserve

President Trump’s recent executive order to create a U.S. Strategic Bitcoin Reserve has removed the last significant risk for the cryptocurrency. Bitwise Chief Investment Officer Matt Hougan emphasized that this move solidifies Bitcoin’s role in the global financial system. Bitcoin now accounts for 1.3% of the $128 trillion global money supply marking a crucial step in its mainstream adoption.

Hougan recalled his early Bitcoin encounter in 2011 when it was seen as a risky investment. Back then Bitcoin was challenging due to issues like custody and regulation. However, as the asset matured and gained regulatory clarity the risks diminished. Today Hougan believes it is the perfect time to invest in Bitcoin given the growing institutional support and the decline in existential threats.

The U.S. government’s creation of a Bitcoin reserve using forfeited funds marks a major turning point. This strategic move ensures Bitcoin’s long-term stability and secures it as a valuable alternative to the U.S. dollar in times of economic uncertainty.

Source

Congressman Ro Khanna Says Democrats Are Changing Their Tune On Bitcoin

On March 11, 2025, Rep. Ro Khanna gave a short but impactful talk at the Bitcoin Policy Institute’s Bitcoin for America summit.

“Bitcoin is transformational for so many people around the world,” Rep. Khanna stated at the summit. “That is why the Democratic Party should be embracing it as something that can create financial empowerment for people not just in the United States, but around the world.”

This is the type of message he’s been spreading for years now, and he’s urged his fellow Democrats to follow his lead. He’s implored them to not be scared of Bitcoin but to view it just as they view other major technological advancements of our time, including the internet…

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Can Strategy’s MSTR Price Surpass $1,000 In 2025?

In a recent in-depth video analysis, Matt Crosby, the lead analyst at Bitcoin Magazine Pro, explores the data-driven potential of Strategy’s (formerly MicroStrategy, Nasdaq: MSTR) stock to reach or exceed the $1,000 mark. You can watch the full video here: Will MicroStrategy Realistically Surpass $1,000 – Data Analysis

Strategy’s Strategic Bitcoin Accumulation: Over 500,000 BTC

Strategy, under the leadership of Michael Saylor, has firmly positioned itself as a Bitcoin-centric company. In less than five years, it has accumulated over 500,000 BTC—accounting for more than 2.5% of Bitcoin’s total supply—turning its stock into a proxy for Bitcoin exposure.

Figure 1: The number… Read more on BitcoinMagazine