GameStop Adds 4,710 Bitcoin

CRYPTO
GameStop Adds 4,710 Bitcoin

GameStop revealed it now holds 4,710 Bitcoin, confirming its March decision to adopt BTC as a treasury reserve asset. While the company didn’t share further details, this move aligns GameStop with a rising number of firms shifting cash into Bitcoin to hedge against inflation and diversify reserves.

CEO Ryan Cohen had hinted at the pivot earlier this year, notably sharing a photo with Michael Saylor, chairman of Strategy (formerly MicroStrategy), which holds over 580,000 BTC. GameStop’s crypto interest isn’t new—it launched a wallet in 2022 but shut it down in 2023 due to regulatory uncertainty.

GameStop joins the likes of Blackstone, DigiAsia, and Blockchain Group in expanding crypto exposure. Trump Media also plans to raise $2.5 billion for crypto purchases.

Meanwhile, GameStop doubled Q4 profit to $131 million despite falling revenue and closing nearly 600 stores—marking a rare financial win amid a broader retail decline.

ECONOMY
U.S. Debt Risks Global Spillover

Treasury yields surged recently as investors grow wary of ballooning U.S. debt and weak demand for government bonds. A Republican budget proposal is projected to add trillions to the deficit, raising fears about America’s ability to attract buyers. But the impact won’t stop at U.S. borders.

According to the Institute of International Finance (IIF), rising U.S. debt could create ripple effects across global bond markets. Sovereign borrowing costs often move in sync, especially among interconnected economies like the U.S., U.K., Germany, and France.

The IIF warns that heightened volatility in U.S. Treasuries—fueled by imbalances in supply and demand—could spill into other markets. A recent weak auction of Japanese government bonds even pushed U.S. yields higher.

Deutsche Bank noted that foreign investors are becoming less willing to finance America’s fiscal deficits. Emerging markets, already representing a small share of global capital, may be hit hardest as capital shifts toward safer assets.

CRYPTO
Trump Media Bets Big on Bitcoin

The Bitcoin treasury strategy that propelled Strategy (formerly MicroStrategy) past an $80 billion valuation is now being adopted by companies like Trump Media and GameStop. Trump Media plans to raise $2.5 billion to buy Bitcoin, while GameStop has committed $500 million. A new firm, Twenty One, is set to debut with over 42,000 BTC—making it the third-largest corporate holder globally.

Despite these bold moves, Wall Street’s response has been skeptical. Trump Media and GameStop shares both fell after their announcements. Strategy Chairman Michael Saylor, speaking at Bitcoin 2025 in Las Vegas, called the shift “courageous,” saying corporate interest is now global, with firms from Abu Dhabi to the U.K. exploring Bitcoin reserves.

President Trump’s administration has embraced crypto, establishing a Strategic Bitcoin Reserve funded by seized BTC. Meanwhile, Vice President JD Vance called Bitcoin a defense against inflation and censorship, reflecting a political pivot toward institutional crypto adoption.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.