$BTC

Market Status

🔸 GameStop purchases 4,710 Bitcoin and adds them to the company's treasury, joining Strategy and Metaplanet. The purchase was estimated at $513 million based on the current price.

🔸 Metaplanet raises $50 million through zero-interest bonds from Bitcoin. It now owns 7,800 BTC and aims for 10,000 BTC by the end of 2025.

🔸 Bitcoin spot ETFs in America recorded inflows of $5.77 billion during May – the best month since November.

🔸 Pakistan has a government Bitcoin reserve and plans to mine BTC using energy of up to 2,000 megawatts.

🔸 The International Monetary Fund (IMF) agrees to provide $120 million to El Salvador under an agreement that restricts the use of Bitcoin, but the country continues to buy through the official Bitcoin office.

🔸 The U.S. SEC has begun reviewing the first spot ETF for XRP submitted by WisdomTree, with a decision expected within 240 days.

🔸 BlackRock joins to raise $1.5 billion in bonds, with an annual yield of 9% and discounts on the public offering, alongside Citadel and Mubadala.

🔸 Ripple informs the SEC that fungible digital currencies upon resale are not considered securities, citing legal precedents and a recent court ruling.

🔸 Federal crypto official David Sacks suggests that the U.S. government may buy more Bitcoin if financing is possible without raising taxes or increasing public debt.