Bitcoin News: French Blockchain Firm Boosts Bitcoin Holdings with $50M Investment

A significant investment in Bitcoin by a French blockchain company underscores the growing institutional interest in the cryptocurrency space.

French Blockchain Firm Makes Bold Move with $50M Bitcoin Buy

The Blockchain Group, a French blockchain company, has announced the purchase of 580 BTC for approximately €47.3 million ($50.8 million). This acquisition boosts its total Bitcoin reserves to 620 BTC. The move underscores the company’s strong confidence in Bitcoin as a key asset. As more firms embrace Bitcoin, The Blockchain Group’s investment serves as an indicator of the growing institutional interest in the crypto space.

BTC Has 75% Shot At New ATH, Says Analyst

Predictions shape the crypto market, especially when they come from seasoned analysts. Timothy Peterson, an economist specializing in Bitcoin network analysis, claims that BTC has a 75% chance of reaching a new all-time high within the next nine months. This projection relies on a ten-year study of Bitcoin price data and network history, providing a quantifiable probability rather than risky speculation. As the Bitcoin halving approaches, this forecast fuels debates and could influence investor decisions.

GameStop Plans $1.3B Bitcoin Buy

GameStop Corp. (NYSE: GME) has announced plans to raise $1.3 billion through a private offering of convertible senior notes, with a portion of the proceeds earmarked for acquiring Bitcoin (BTC). On Tuesday, GameStop’s board of directors unanimously approved the update to its investment policy, enabling the gaming retailer to allocate capital into Bitcoin. The company disclosed its funding plan in a press release, stating that GameStop expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop’s Investment Policy. This move aligns with strategies employed by other corporations, most notably Michael Saylor’s MicroStrategy, which has accumulated significant amounts of BTC.

How Web3 Gaming Is Evolving

Web3 gaming has undergone significant changes compared to earlier years. Developers are focusing on improving user experience by enhancing game controls and eliminating technical issues. Cryptocurrency, particularly Bitcoin, is now accepted as a payment option in many casino sites in Australia, marking a notable development in this sector.

WAL Goes Live on Upbit for Trading in KRW, BTC, and USDT – Walrus Secures $140M Funding!

South Korea’s largest cryptocurrency exchange, Upbit, has listed WAL trading pairs. WAL, the native token of Walrus, a blockchain storage protocol, will now be tradable in Korean won (KRW), Bitcoin (BTC), and Tether (USDT) pairs. This comes as Walrus secures $140 million in funding, solidifying its presence in the industry.