On March 26, GameStop’s stock jumped by almost 12% after the retailer declared it would use the money raised from the sale of $1.3 billion in convertible notes to invest in Bitcoin.
A portion of the company’s corporate treasury and future borrowings may now be invested directly in Bitcoin and stablecoins thanks to the company’s updated investment policy.
GameStop has substantial cash reserves of $4.77 billion as of February, despite declining net sales.
This tactical change is in line with earlier Bitcoin adoption initiatives by companies like MicroStrategy and Metaplanet, both of which have experienced significant stock increases following comparable disclosures.
An announcement regarding Bitcoin pic.twitter.com/gG8JRarIok
— GameStop (@gamestop) March 25, 2025
GameStop’s investment in Bitcoin is additional evidence of the cryptocurrency’s increasing popularity among corporate treasuries, which could draw in more institutional investors and improve Bitcoin’s standing in the market.
MicroStrategy’s Growing Bitcoin Ambitions
Analysts at Bernstein predicted that by 2033, MicroStrategy, now known as Strategy, might amass over a million Bitcoin, or almost 5% of the entire supply. The company currently has about 506,137 Bitcoin, which it bought for an average of $66,608.
🧠📈 Bernstein Predicts MicroStrategy Could Hold 1M BTC — #Bitcoin to Hit $1M by 2033 🚀💰
— Crypto Spot (@Crypto1spot) March 27, 2025
🔑 Key Points:
🏦 Bernstein analyst says MicroStrategy’s $BTC stack could double to 1 million coins in a bull case.
📊 Predicts Bitcoin price to reach $200K by 2025, $500K by 2029, and… pic.twitter.com/sznsXe5iYc
With a “outperform” rating and a 75% potential upside to a target price of $600, Bernstein recently started covering Strategy’s stock (MSTR). Bernstein predicts that strong capital markets and accommodative monetary policies will propel Bitcoin to $200,000 by 2025 and potentially $1 million by 2033.
Strategy’s holdings could account for 5.8% of the total amount of Bitcoin in circulation in a bull market.
Institutional trust in Bitcoin as a treasury reserve asset is demonstrated by Strategy’s ongoing Bitcoin accumulation. Short-term volatility is still present, though, as Bitcoin is currently trading at $86,982, down 1.33% over the last day.
U.S. Government Accelerates Digital Payment Transition
In an effort to do away with paper-based transactions, President Donald Trump ordered a full switch to digital federal payments by September 30, 2025. The administration anticipates that lower fraud and administrative expenses will save taxpayers about $657 million annually.
#ACH $SHx #Stronghold #NACHA
— Cpt. X (@DebunkJelpi) March 27, 2025
Executive Orders March 25, 2025
Modernizing Payments To and From America’s Bank Account 👀
– Effective September 30, 2025 🔧
Read this:
(e) The Secretary of the Treasury shall support agencies’ transition to digital payment methods, including… pic.twitter.com/Fs5dyq5FAb
The executive order specifically excludes the use of a central bank digital currency (CBDC) and places an emphasis on electronic fund transfer (EFT) methods such as digital wallets, direct deposits, and debit cards. The Trump administration is adamantly opposed to digital currencies that are under government control.
As consumers gravitate toward decentralized digital assets rather than centralized digital currencies, this shift toward digital payments may help Bitcoin adoption grow.
Bitcoin Price Technical Outlook
On the 2-hour chart, Bitcoin (BTC/USD) is forming a symmetrical triangle and consolidating around $87,220. The 50-period EMA supports the price action’s maintenance of key support at $86,800.
Upward momentum is limited by immediate resistance at $88,800; a confirmed breakout above this level could lead to targets of $90,750 and $92,800.
Critical support levels on the downside are still $86,400 and $84,870; a prolonged decline below these levels could lead to $83,200.
At 51, the Relative Strength Index (RSI) is neutral, indicating that market sentiment is balanced. To confirm the next significant directional move, traders should keep a close eye on volume.
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