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Videogame seller GameStop said it will now include bitcoin in its financial investments, and investors are piling in. GameStop jumped 12% in premarket trading on Wednesday, following the company’s announcement that its board approved investing its cash and future debt into bitcoin. Shares of the struggling retailer jumped despite the company reporting a fourth-quarter revenue…
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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…
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Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance. Shares of crypto miners Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital and Riot…
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Bitcoin, the world’s largest cryptocurrency has been trading between $85,000 and $88,000 despite bullish moves from some of its biggest supporters. On March 24, MicroStrategy executive chairman Michael Saylor bought the dip — again. In a regulatory filing, the firm (now renamed Strategy) disclosed it purchased 6,911 BTC between March 17 and March 23 for…
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Strategy CEO Michael Saylor has posted a new poll on the X social media network to find out how many Bitcoins video game retailer GameStop has to buy in order to earn the community’s respect. Almost half of the poll responders (48.4%) believe that GameStop would need to make a king-sized move to be taken seriously…
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For a stock that was so widely loved and hated at the same time, GameStop (GME Quick QuoteGME – Free Report) has sort of wilted away from the public eye. Once the center of the Reddit r/WallStreetBets, GME shares have been trading in the $20 for most of the last year, save for a brief…
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GameStop, the video game retailer, announced earlier this week that it would begin holding Bitcoin as a “treasury reserve asset”—one of the most significant moves toward cryptocurrency by a household brand. As e-commerce and video game consoles with built-in marketplaces have taken a large share of the industry, the brick-and-mortar retailer continues to explore new…
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On whether to recommend Bitcoin and other digital assets for clients, financial advisers are wary about their fiduciary duty to clients, according to a CoinShares survey. 62% of 250 advisers in the survey think that recommending Bitcoin and digital assets doesn’t align with their fiduciary obligation to act in their client’s best interest, and 79%…
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GameStop (GME, Financials) said its board has approved a plan to invest corporate cash in bitcoin and U.S. dollar-denominated stablecoins, as the company reported fourth-quarter net income more than doubling from the prior year. GameStop has approved a new digital asset investment plan letting the business put corporate money into U.S. dollar-denominated stablecoins and bitcoin.The…
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Bitcoin’s (BTC) rise following GameStop’s Tuesday bitcoin treasury strategy announcement halted just shy of the $89,000 level and things are now headed decidedly lower during U.S. trading hours Wednesday. Just after the noon hour on the east coast, bitcoin has pulled back about 3% from overnight highs to $86,500. The broad-market crypto benchmark CoinDesk 20…