GameStop invests in Bitcoin and stablecoins to secure survival, influenced by Michael Saylor.

From Cointelegraph

March 28, 2025 4:00 pm:

GameStop has made smart business decisions after nearly going bankrupt, including investing in Bitcoin to secure its survival. Strategy, Michael Saylor’s firm, has amassed over 500,000 BTC since 2020, with stock rallying over 2,100%. GameStop aims to ride the Bitcoin wave for the next decade following Strategy’s success.

GameStop received board approval to invest in Bitcoin and stablecoins, with nearly $4.8 billion in corporate cash. CEO Ryan Cohen was influenced by Michael Saylor after meeting in February. Strategy continues to accumulate BTC, recently acquiring an additional 6,911 BTC.

DigiShares launched a real estate trading platform on Polygon, offering access to commercial and residential properties. REX debuted with luxury property listings in Miami and plans to support various properties. DigiShares CEO Claus Skaaning aims to expand REX’s property listings in the future.

CME Group partnered with Google Cloud to launch an asset tokenization program using GCUL. Tokenization is expected to enhance capital market efficiency and wholesale payments. CME Group plans to test the technology with market participants next year to improve trading efficiency.

Bitcoin miner revenues are stabilizing post-halving, nearing $3.6 billion in the first quarter after a drop to $2.6 billion post-halving. Miners adapted to reduced block rewards and shifting dynamics. Despite market challenges, some miners like Hive Digital are focusing on retaining mined Bitcoin for potential price appreciation.

Read more at Cointelegraph: GameStop takes the orange pill