GameStop Has $1.5B of Bitcoin Buying Power After Closing Convertible Note Sale
The company last week announced its intention to add bitcoin to its balance sheet.
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The company last week announced its intention to add bitcoin to its balance sheet.
The president is set to detail his tariff regime on Wednesday after the U.S. market close.
Metaplanet purchased the bitcoin for an average purchase price of around 14.6 million yen for a total spend of 10.15 billion yen
D.O.G.E. job cuts, tariffs, a restrictive Fed and new immigration policies could weigh on markets for the next six to nine months, said Lekker Capital’s Quinn Thompson.
Strategy pioneered BTC as a treasury asset and so far 90 companies have adopted the cryptocurrency as a treasury reserve asset.
The company, which has the second-largest bitcoin stash among publicly-traded companies, could use the funds to finance further BTC acquisitions.
Crypto markets see over $300M in liquidations as investors flee risk ahead of April policy changes and over concerning macroeconomic data.
Bitcoin (BTC) has been on a slow recovery since mid-March. Moves to the upside are limited, and at present, involve … Continue reading
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The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet.
Company CEO Ryan Cohen had teased possible purchases weeks ago, notably sharing a photo of himself and Strategy’s Michael Saylor at a Mar-a-Lago event