Bitcoin News: GameStop Prices $1.3 Billion Bitcoin-Backed Notes, Signaling Potential BTC Adoption

In a move that could significantly impact the cryptocurrency market, GameStop has priced a $1.3 billion private offering of convertible senior notes, paving the way for the potential addition of Bitcoin to its balance sheet.

GameStop Prices Bitcoin Notes at $29.85

GameStop (GME) has priced its previously announced private offering of $1.3 billion in convertible senior notes, setting the stage for the company’s foray into having Bitcoin (BTC) on its balance sheet. The zero-coupon notes, due in 2030, will initially convert at a rate of 33.4970 shares per $1,000, representing an initial conversion price of approximately $29.85 per share. GameStop (GME) closed at $22.09 at the end of the Thursday trading day in New York, putting the bitcoin notes at an approximately 35% premium over its most recent closing price. Since announcing its BTC bond strategy, GME’s stock is down over 22% during Thursday’s trading day as investors approach this with skepticism despite CEO Ryan Cohen positioning this strategic shift toward bitcoin as a means to leverage the company’s sizeable cash reserves.

Market Shake-Up: $16.5 Billion Bitcoin Options Set To Expire

The Bitcoin market is entering a crucial day with the expiration of $16.5 billion in options, a record that could shape its short-term trajectory. While $90,000 seemed within reach, an unexpected pullback has weakened bullish positions, offering sellers a strategic opportunity. In this battle between buyers and sellers, the outcome will depend on price movements in the coming hours, with a potential impact far beyond this single deadline. Deribit dominates the BTC options market with a 74% market share, followed by the Chicago Mercantile Exchange (CME) and Binance.

Bitcoin’s Battle at $84K Support Could Determine Next Move to $92K

Bitcoin (BTC) is experiencing a sharp pullback after failing to sustain its recent bullish momentum. The leading cryptocurrency surged to a high of $88,300 but faced strong resistance, leading to a decline that now places it at a critical support level of $84K. At the time of writing, BTC is trading at $85,420, reflecting a 2.12% decline over the last 24 hours. BTC’s 24-hour trading volume stands at $41.24 billion, with a market capitalization of $1.69 trillion and a market dominance of 60.86%. Additionally, on-chain data reveals that the U.S. government has initiated a transfer of $8 million worth of Bitcoin, fueling speculation about a potential market impact.

Iconic ’Mt. Gox, Where is Our Money?’ Sign Up for Auction

The iconic sign, held by Kolin Burges outside Mt. Gox’s Tokyo office in 2014 during the Bitcoin exchange’s major financial scandal, is now being auctioned on Scare.City with a reserve price of 4.5 BTC ($383,000). The sale starts later Friday and ends April 3. Burges had flown from London to Tokyo after Mt. Gox, then the world’s largest bitcoin exchange, mysteriously froze withdrawals. The sign has become a symbol of the crypto industry’s first major financial scandal.

Best Florida Online Gambling Sites 2025: Top Options for Real Money

Florida online gambling offers a variety of games anytime, day or night, accessible from your PC or mobile device. Ignition casino is highlighted as the best with incredible bonus offers. Our experts have also found nine other top sites, including one perfect for Bitcoin lovers. Read on to discover the full list.