PANews reported on May 31 that GameStop CEO Ryan Cohen views BTC as a tool for hedging against currency devaluation. He stated, "If Bitcoin becomes digital gold, its rise potential will be even greater."

Gate.io News bot message, according to the latest news, game retailer GameStop announced plans to purchase Bitcoin. Meanwhile, projects related to the Trump family are preparing for the issuance of stablecoin. The Ethereum network has set the date for the next upgrade to April 30. Additionally, the world's largest asset management company, BlackRock, is working on launching a Bitcoin ETP product in the European market. Source: wublock123

Gate News bot news, video game retailer GameStop disclosed in a company filing submitted on May 28 that it purchased 4,710 Bitcoins, worth approximately $513 million, but did not specify when the purchase was made. This marks GameStop's first foray into the Bitcoin market, with a strategy similar to that of companies like Strategy (formerly MicroStrategy). As of February 1, GameStop reported total cash, cash equivalents, and marketable securities of $4.78 billion.

ChainCatcher news, GameStop CEO explains why the company bought over $505 million in Bitcoin, stating, "BTC can hedge against global currency devaluation." According to previous reports and an official announcement, GameStop announced the purchase of 4710 BTC.

According to the Gate.io News bot, Greeklive reports that current market traders are generally taking a cautious stance. Most traders expect Bitcoin to fall back to the $84,000-$85,000 range, while some traders believe the market is currently in a narrow consolidation phase. There is a large amount of passive selling at the $88,400 price level. GameStop recently announced plans to acquire $1.3 billion in Bitcoin reserves. Some traders see this as a "meme investment," predicting that this move will only drive the price of Bitcoin up to $90,000, with an effect lower than factors like BlackRock and Trump. Traders point out that some poorly performing companies are shifting to "Bitcoin reserves" to alleviate pressure on their financial reports, and the number of "zombie companies" in the market is increasing.

Greeks.live released a community briefing, showing that most traders expect BTC to fall to $84,000 - $85,000, with narrow market fluctuations. The key resistance level is at $88,400, with passive selling pressure, and the support level is at $77,000. GameStop's potential purchase of $1.3 billion in Bitcoin raises market skepticism. Some believe there may be a slight rebound to $90,000, but it is not as impactful as BlackRock and Trump's influence on the market.

According to a message from ChainCatcher and analysis from QCP, they believe that this round of stock market rise is a tactical Rebound brought about by asset managers reallocating risk assets, rather than a change based on any macro fundamentals. Uncertainty surrounding U.S. trade policies and the broader political landscape remains the focus of market attention. Trump hinted at implementing more tariff measures before the April 2 deadline. However, the market still lacks a clear understanding of the scope, timing, and magnitude of these potential actions. Before this, we expect the market to continue exhibiting sideways volatility. In the digital asset space, we believe that Bitcoin has tactical performance advantages in the short term. Surprisingly, GameStop has included Bitcoin in its balance sheet. Although this is not the first instance of corporate adoption of cryptocurrency, GameStop's symbolic significance as a meme stock may reignite retail investors' interest.

GameStop plans a private placement of $1.3 billion in convertible senior notes for general corporate purposes, including the acquisition of Bitcoin. The company plans to allow initial purchasers to buy notes totaling no more than $200 million. Recently, GameStop has included Bitcoin in its corporate reserve assets.

ChainCatcher news, GameStop announced plans to conduct a private sale of $1.3 billion of 0.00% convertible preferred notes (due 2030) aimed at qualified institutional investors. Depending on market conditions, the company may also authorize the initial purchasers to add up to $200 million of notes within 13 days. GameStop stated that the funds raised will be used for general corporate purposes, including the purchase of Bitcoin according to the company's investment policy.

The Game Station is considering investing in Bitcoin and other Crypto Assets, which may decide not to continue investing, and the stock price pumped 20% due to the news. The company once launched encryption Wallet services, but closed the service in 2023 due to 'regulatory uncertainty'.

Golden Finance reports that the CEO of GameStop explains why the company purchased over $505 million in Bitcoin, stating, "Bitcoin can hedge against global currency devaluation."

Matt Cole, CEO of asset management firm Strive Asset Management, has previously persuaded GameStop to adopt a bitcoin reserve strategy, and it is reported that he has sent a letter urging financial software developer Intuit to correct its "anti-bitcoin bias" and consider adding bitcoin to the company's treasury to hedge against the disruptive impact of artificial intelligence, while reinstating accounts banned for posting Bitcoin-related content.

Golden Finance reported that the well-known game retailer GameStop stated that the company has not set a limit on the amount of Bitcoin it will hold and that it can sell any Bitcoin it acquires.

Golden Finance reports that GameStop CEO Ryan Cohen posted on the X platform that the price of an iPhone made in the US could rise to $10,000. In response, Michael Saylor, founder of Strategy (formerly MicroStrategy), stated that "US-made" Bitcoin will reach $1 million. He previously indicated that Bitcoin does not "fear" tariffs and has provided resilience amid the big dump in the US stock market, as during periods of market panic, "traders will only sell what they can sell, not what they want to sell."

According to the Gate.io News bot, BWENEWS reports that the game retailer GameStop has raised $1.48 billion through note issuance, and the company plans to use this fund to purchase Bitcoin. This funding comes from notes issued by GameStop, indicating that traditional retail companies are allocating some assets to the digital currency market.

After GameStop CEO Ryan Cohen took a photo with Strategy founder Michael Saylor, the stock price pumped to $27.12, a single-day increase of 9.66%. Although Cohen did not disclose the details of the meeting, people speculate that GameStop may be exploring BTC-related matters. As of now, GameStop has not made any public statements.

According to ChainCatcher news and a report by Cointelegraph, Vertical Research Advisory managing partner Kip Herriage suggested that GameStop use its cash reserves to purchase $2.5 billion worth of Bitcoin.

Odaily Planet Daily News GameStop pre-market rise 6.7%, previously reported that the company is considering investing in Bitcoin and other Crypto Assets. (Golden Ten)

Golden Finance reported that, according to Cointelegraph, the stock price of game retailer GameStop rose 6.7% in pre-market trading. Earlier news, the company is considering investing in Bitcoin and other cryptocurrencies.

The market capitalization of GameStop on the US stock market today is $9.876 billion, planning a private sale issuance of $1.3 billion in convertible notes, with an additional maximum of $200 million. The raised funds will be used for general corporate purposes and to purchase Bitcoin.