Bitcoin News: GameStop Aims to Raise $1.3 Billion to Invest in Bitcoin

In a bold move that has sent shockwaves through the financial world, GameStop has announced its plans to raise a staggering $1.3 billion to invest in Bitcoin. This decision, which was approved by the company’s board, has already had a significant impact on its stock price, making it the top performer on the S&P 500.

GameStop to Raise $1.3B to Buy Bitcoin

GameStop has announced plans to raise $1.3 billion to buy Bitcoin. The decision was approved by the company’s board, causing its stock to shoot up 11.7% before market close, making it the top performer on the S&P 500. The notes will be sold only to institutional buyers under Rule 144A of the Securities Act of 1933. The deal also includes an option for initial buyers to purchase an additional $200 million in notes within a 13-day window, potentially bringing the total to $1.5 billion. The sale is private and not registered under any U.S. securities laws. The notes offered by GameStop will not pay interest and have a flexible repayment schedule with a hard deadline.

GameStop Stock Surges 12% on $1.3 Billion Bitcoin Investment Plans

GameStop, an American electronics retailer, has announced plans to invest $1.3 billion in Bitcoin. The move has caused an impressive price rally in the company’s stock. However, it is still risky as the investment will incur more debt than its total net sales in Q4 2024. GameStop plans to fund these Bitcoin acquisitions through a stock offering of $1.3 billion aggregate principal amount of 0.00% Convertible Senior Notes to qualified institutional buyers.

Coinbase Premium Signaling a Bullish Shift for Bitcoin?

The Coinbase Premium Index has shown notable signs of a bullish shift for Bitcoin, raising questions about the implications for the broader market. The index has been trending toward positive territory, signaling heightened demand, particularly from U.S. investors. This trend may suggest a growing Optimism in the market, with increased activity from one of the largest exchanges in the United States potentially influencing global market sentiment.

Crypto Market Faces Two-Year Low in Inflows

The cryptocurrency market has recently hit a significant milestone, but not in a positive light. As of March 24, 2025, market inflows have dropped to just $1.8 billion, marking the lowest level in two years. This decline has raised concerns about the health and future of the crypto industry. A closer examination of the data from Glassnode reveals that Bitcoin, the dominant cryptocurrency in the market, has shown relative stability despite the broader downturn. As of March 24, Bitcoin’s price stood at $57. Many are questioning the factors behind this downturn and the potential long-term effects on the market.

Bitcoin (BTC) Eyes a Breakout Towards $100,000

Bullish patterns across both Ichimoku Cloud and EMA structures suggest the market may be gearing up for a move higher. As momentum builds, traders are watching closely to see if BTC can push toward the $100,000 mark in the coming weeks. The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—increased from 1,980 on March 22 to 1,991 on March 25, marking the highest count since December 15. Although modest, this rise is significant as it reflects renewed accumulation by large holders after more than three months of subdued activity. Tracking whale wallets is crucial because these large players often move markets; their accumulation or distribution patterns can serve as early signals of broader sentiment shifts or major price moves.