Crypto News
GameStop Has $1.5B of Bitcoin Buying Power After Closing Convertible Note Sale
Bitcoin (BTC) purchases from video game retailer GameStop (GME) could be imminent or may have already begun after the company closed on its offering of $1.3 billion of five-year convertible notes.The $200 million greenshoe option was fully exercised by the initial purchaser, bringing the total amount of the sale to $1.5 billion. Net proceeds to the company after fees were $1.48 billion, according to a filing Monday after the close of U.S. trading.Alongside its fourth quarter earnings report last week, GameStop — led by its CEO Ryan Cohen — announced full board approval of an update to the company investment policy to add bitcoin to the GME balance sheet.GME shares rose 1.35% during the regular session on Monday and are...
Kristin Smith Steps Down as Blockchain Association CEO to Lead Solana’s Policy Push
The executive of one of the largest crypto industry groups in Washington D.C. will join Solana’s Policy Institute, beginning May 19. Source link
Tether Bought 8,888 BTC and Now Holds $7.8B in Bitcoin
The world’s largest stablecoin provider Tether, on April 1 revealed bitcoin purchases totaling 8,888 BTC made during the first quarter of 2025, bringing its overall bitcoin holdings to 92,647 BTC or a mammoth $7.8 billion. Onchain data shows that the Q1 purchases were all moved simultaneously into Tether’s primary bitcoin wallet on March 31st. TheSource link
OpenAI’s $40B Raise Calms Market Jitters, Sends CoreWeave and AI Tokens Higher
CoreWeave (CRWV) shares rose more than 38% on their third day of trading debut after raising nearly $1.5 billion from its IPO following OpenAi's announcement of a record-breaking $40 billion funding round on Monday.The artificial intelligence (AI) startup went public on the Nasdaq exchange on Friday afternoon. The stock dropped below its IPO price to $39 and ended the day flat at $40 before dropping another 10% on Monday, its first full day of trading. CoreWeave’s IPO came at a time of strong anxiety and uncertainty in global markets, diminishing investor appetite and risk tolerance.However, investor sentiment towards AI-related stocks seemed to have changed on Tuesday after AI powerhouse OpenAI announced on Monday that it had closed a $40 billion...
Stocks and Crypto Markets Rally Ahead of Trump’s ‘Liberation Day’ Tariff Reveal
The crypto economy climbed Tuesday, mirroring gains in equities, as markets moved in anticipation of President Donald Trump’s tariff blueprint, an event many have dubbed “Liberation Day.” Wall Street and Crypto Align Ahead of April 2 Trade Shake-Up Each time Trump introduced a new tariff idea during his tenure as the 47th U.S. president, financialSource link