GameStop (GME) is aiming for a major expansion with a proposed $55.5 billion acquisition of online marketplace eBay (EBAY), raising fresh questions about whether its bitcoin holdings could help fund the deal. The video game retailer, which holds about $368 million worth of $BTC, submitted a non-binding offer Sunday to buy eBay for $125 per
Pentoshi, a closely followed anonymous analyst in the cryptocurrency market, shared a noteworthy assessment following the recent rise in Bitcoin. The analyst, particularly focusing on developments in institutional demand, provided important signals regarding the market’s supply and demand balance. Pentoshi, drawing attention to MicroStrategy’s Bitcoin purchases, stated that the company has reached a total of
It has cost Michael Saylor-founded Strategy (formerly MicroStrategy) 10 figures to flip its 11-figure loss from February back into positive territory this month and eke out a 1% annual rate of return since his company started buying bitcoin ($BTC). On May 1, $BTC rallied above the company’s then-$75,537 average cost basis. Last night, it extended
Leading financial market strategists and cryptocurrency experts discussed global macroeconomic balances and Bitcoin’s place within this context in a panel discussion. Bloomberg’s Mike McGlone, former CoinRoutes CEO Dave Weisberger, and macro strategist James Lavish offered crucial predictions about the future of the markets. One of the main topics of the panel was digital assets, where
On May 4, bitcoin reclaimed the $80,000 threshold, hitting a three-month high of $80,617 and pushing its market cap past $1.6 trillion. Key Takeaways Bitcoin hit a 3-month peak of $80,617 on May 4, possibly signaling the end of the latest crypto winter. Volatility caused $554 million in liquidations as Brent crude hit $115 amid
David Sacks, former White House AI & Crypto Czar, recently stated that AI has become a core driver of economic growth in the United States. His opinion is that stopping progress with AI would be akin to bringing the U.S. economy to a screeching halt. This Sunday, David Sacks posted on X to state his
U.S. Central Command (CENTCOM) on Monday rejected Iranian claims of strikes on US Navy warships in the Strait of Hormuz, but tensions remain high amid Trump’s “Project Freedom.” Bitcoin pared earlier gains as oil prices surged 3% amid Iran’s claimed firing of two missiles on vessels in the Strait of Hormuz.
The ITIF says American companies should keep operating in the Chinese market to capture $441 billion in annual revenues. Meanwhile, the CSIS wants to use intelligence tools and real-time data to counter Beijing’s influence worldwide. Two Washington think tanks released reports this week with different takes on competing with China. The two approaches could work