Analysis Crypto by Thebittimes.Com

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...

Acurx‘s $1 million Bitcoin investment is a major shift in treasury handling. The Nasdaq-listed biotech firm is one of many companies investing in Bitcoin. This strategy matches a wider pattern of companies adapting to rising support and cryptocurrency market volatility. Source: Nasdaq Also Read: Top 3 Cryptocurrencies On The Verge Of New All-Time Highs Why Acurx’s $1M Bitcoin Investment Signals Major Trends in Corporate Cryptocurrency Adoption Strategic Treasury Management Acurx bitcoin investment followed market research. “As demand for Bitcoin grows, and so does its acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset for cash not needed over the next 12 to 18 months,” stated David P. Luci, President & CEO of Acurx. Acurx Bitcoin Investment Market Response and Corporate Bitcoin Strategy Companies investing in Bitcoin saw proof of success. Acurx shares rose 6.6% to $1.78 before the market opened. T...