🚀 Major Corporate Bitcoin Investments

GameStop’s $513 Million Bitcoin Acquisition

GameStop has made a significant move into the crypto space by purchasing 4,710 bitcoins, valued at approximately $513 million. This marks the company's first foray into cryptocurrency investments, funded through a $1.3 billion convertible bond sale planned earlier this year. The announcement led to a 4.4% rise in GameStop's shares during pre-market trading.

Metaplanet’s Strategic Bitcoin Expansion

Japanese firm Metaplanet is planning to expand its bitcoin holdings by raising $50 million through newly issued zero-interest bonds. This move follows the company's recent increase in its BTC stash, signaling a strategic shift towards cryptocurrency investments.

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📉 Market Trends and Analysis

Bitcoin and Ethereum Price Movements

Bitcoin (BTC) is currently trading at approximately $107,479, experiencing a slight decline of about 1.7% over the past 24 hours. Ethereum (ETH), on the other hand, is trading around $2,628.90, showing a modest decrease of 1.3%.

Market Consolidation and Investor Sentiment

The overall cryptocurrency market has seen a 2.2% decrease in capitalization over the past day, now standing at $3.55 trillion. Despite this pullback, major investors remain confident in Bitcoin's long-term value, with older BTC coins moving at the highest volume since February.

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🏛️ Regulatory and Political Developments

U.S. Banks Explore Crypto Opportunities

Major U.S. banks are cautiously exploring opportunities in the cryptocurrency sector as regulatory attitudes under President Donald Trump's administration show signs of becoming more favorable. Institutions like JPMorgan Chase and Morgan Stanley are considering services such as spot crypto trading and crypto brokerage services.

Trump's Strategic Bitcoin Reserve

President Trump has signed an executive order establishing a Strategic Bitcoin Reserve, funded by the U.S. Treasury's forfeited bitcoin. This move positions the United States as the largest known state holder of bitcoin, with an estimated 200,000 BTC.

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🌍 Global Crypto Adoption

El Salvador's Continued Bitcoin Accumulation

El Salvador is continuing to accumulate Bitcoin despite restrictions from the International Monetary Fund (IMF). President Nayib Bukele remains defiant, with the country

's BTC holdings expected to grow further.