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Showing posts with the label bitcoin purchase

GameStop And K33 Load Up On Bitcoin As Corporate Adoption Accelerates

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GameStop has made its first major Bitcoin purchase and Norwegian crypto firm K33 is gearing up to do the same as corporate adoption of BTC gains momentum. The two companies are the latest to embrace BTC as a treasury asset, mirroring the model of Michael Saylor’s Strategy (formerly MicroStrategy). GameStop confirmed yesterday that it had bought 4,710 BTC worth about $513 million. Broker K33, meanwhile, has raised $6.2 million through convertible loans and share issuance, with plans to use the entire sum to buy Bitcoin. “Bitcoin will be the best performing asset in the coming decade,” said K33 CEO Bull Jenssen i n a May 28 post on X. ”M y goal with K33 is to accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation.” K33 And GameStop Follow Strategy’s Fundraising Playbook To Buy Bitcoin K33 said it secured the funding for the BTC buys through convertible loans and a new issue of shares and warran...

Michael Saylor's 'Strategy' Buys 13,390 Bitcoin Worth $1.34 Billion

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Michael Saylor bitcoin purchase has, just recently, sent shockwaves through the crypto world as his company adds yet another massive chunk to its Bitcoin treasury. The business intelligence firm’s latest acquisition, completed just days ago, reinforces its position as the largest corporate holder of Bitcoin, and also demonstrates the firm’s ongoing commitment to this alternative asset class. JUST IN: Michael Saylor’s ‘Strategy’ buys 13,390 Bitcoin worth $1.34 billion. — Watcher.Guru (@WatcherGuru) May 12, 2025 MicroStrategy, which is often referred to as “Strategy” these days, announced another Michael Saylor Bitcoin purchase strategy via social media on May 12, 2025, and the news has quickly spread across financial circles. Michael Saylor stated: “Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$...

Michael Saylor's Strategy Proposes $2B Plan For Bitcoin Purchase

In a move that continues to fortify Michael Saylor’s commitment to the leading crypto, Michael Saylor’s Strategy has announced a new $2 billion capital plan to buy more Bitcoin . The software technology firm announced the latest plan to offer $2 billion in convertible senior notes, with the funds from the purchase funding a new purchase of Bitcoin. Strategy most recently completed a purchase of $243M in Bitcoin. JUST IN: Michael Saylor's 'Strategy' to raise $2 billion to purchase more Bitcoin. — Watcher.Guru (@WatcherGuru) February 18, 2025 Since August 2020, the company has adopted a Bitcoin buying strategy. The asset’s unprecedented performance last year saw the move do wonders for Strategy (MSTR) stock, surging to an all-time high of $473 in November of last year. With BTC expected to have another dominant year in 2025, the company has shown no signs of slowing down its buying habits. In addition to the convertible senior notes, Strategy also expects to grant to the init...