GameStop And K33 Load Up On Bitcoin As Corporate Adoption Accelerates
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...