Bitcoin News: GameStop Plans $1.3 Billion Convertible Bond Sale to Invest in Bitcoin, Sparking Mixed Reactions

In a surprising move, video game retailer GameStop, which gained fame as a meme stock, has announced plans to raise $1.3 billion through the issuance of convertible bonds maturing in 2030. The funds will be utilized to purchase Bitcoin, a decision that has garnered both enthusiasm and skepticism from investors and analysts alike.

GameStop Stocks Fall After Announcing Convertible Bond Sale to Buy Bitcoin

GameStop, the video game retailer that became a meme stock sensation, has announced plans to raise $1.3 billion by issuing convertible bonds maturing in 2030. The funds will be used to buy Bitcoin, a move that’s drawing both excitement and skepticism. GameStop’s decision to buy Bitcoin using borrowed money has raised many eyebrows, as it mimics a strategy employed by other companies like MicroStrategy in recent years. This news has implications for GameStop’s stock and the broader market.

Bitfarms Stock Deemed ’Undervalued’ as Firm Pivots to AI and Energy

H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025. Colonnese cited strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report, Colonnese said the market is ‘significantly undervaluing’ the company’s scaled-up mining operations and emerging AI strategy. Bitfarms reported Q4 2024 revenue of $56.2 million, up 25% quarter-over-quarter and in line with analyst expectations. H.C. Wainwright reiterated its Buy rating on Bitfarms with a $3.50 per share price target, implying upside potential of more than three times from its current price of around $0.98.

Bitcoin Miners Explore AI Opportunities Amid Challenges

As Bitcoin mining becomes more competitive, industry leaders are considering AI data centers as a potential revenue stream. However, the shift requires skill and care. Leading miners at the Mining Disrupt conference in Florida emphasized the long-term potential of AI, noting the huge demand for compute power. Following the recent halving of mining rewards and a crypto market slump, Bitcoin miners have been striving to reduce costs. The interest in AI has been ongoing for some time in the industry.

Bitcoin or Stablecoins: Which Is the Best to Hold in 2025?

The debate between Bitcoin and Stablecoins is heating up in 2025. Bitcoin continues to gain traction as a long-term store of value with limited supply and rising institutional adoption. On the other side, stablecoins like USDT, USDC, and a potential Fidelity-backed token, offer low-risk, dollar-pegged alternatives perfect for trading, payments, and DeFi. With new players stepping in, like GameStop adopting Bitcoin as a reserve asset, and Fidelity preparing to join the stablecoin arena, the battle between Bitcoin and Stablecoins intensifies.

Solo Bitcoin Miner Beats the Odds, Banks $266K

A solo miner of Bitcoin block 888,737 won a $266,000 BTC reward last week using a home setup composed of three FutureBit Apollo miners and one Bitmain SK19pro. The anonymous miner shared their story with Bitcoin mining hardware creator FutureBit. The miner operates the Apollo miners in efficiency mode and adjusts the SK19Pro’s hashrate based on the time of day and electricity prices.