GameStop Bets Big on Bitcoin Amid NFT Exit and Stock Revival

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📈 Preview On Today’s News:

1. - GameStop Bets Big on Bitcoin Amid NFT Exit and Stock Revival

2. - Digital Dollar Disruption: Trump-Backed Stablecoin Enters the Ring

3. - BlackRock’s Bold Blockchain Bet: $1.7B Fund Moves to Solana 

Keep reading below for more!

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Today’s News:

1)

GameStop Bets Big on Bitcoin Amid NFT Exit and Stock Revival

GameStop (GME) has officially added Bitcoin to its treasury reserve strategy, marking a bold shift in its investment policy amid ongoing regulatory uncertainty. Approved unanimously by its board, the move allows investments in both Bitcoin and USD-backed stablecoins. The announcement came in the company’s Q4 2024 earnings release, where it also revealed strong net income of $131.3 million—more than double the previous year. This pivot mirrors Michael Saylor’s Bitcoin-centric strategy and comes as GameStop winds down its NFT marketplace. Following the news, GME stock surged over 7% in after-hours trading, potentially signaling renewed investor interest.

• GameStop will now hold Bitcoin as a treasury reserve asset, following board approval and echoing a Bitcoin-heavy strategy similar to MicroStrategy.

• The company reported strong Q4 earnings, discontinued its NFT marketplace, and saw GME stock rise over 7% after the news.

2)

Digital Dollar Disruption: Trump-Backed Stablecoin Enters the Ring

In a bold move reshaping the stablecoin landscape, World Liberty Financial (WLFI), founded under the influence of U.S. President Donald Trump, has launched USD1, a US dollar-pegged stablecoin fully backed by U.S. Treasuries, cash deposits, and equivalents. This release follows Trump’s recent push for stablecoin legislation and marks his administration’s aggressive pivot toward redefining U.S. crypto policy. WLFI positions USD1 as a secure, credible digital dollar for sovereign investors and institutions, aiming to rival established stablecoins and offer regulated exposure to decentralized finance. The launch aligns with a booming stablecoin market, which recently surpassed a $230 billion market cap.

• Trump-backed WLFI launched USD1, a stablecoin fully backed by U.S. government treasuries and cash equivalents, aiming to provide secure institutional-grade access to DeFi.

• The move follows Trump’s legislative push for stablecoin regulation, signaling a significant shift in U.S. crypto policy and a challenge to dominant stablecoins in the $230B+ market.

3)

BlackRock’s Bold Blockchain Bet: $1.7B Fund Moves to Solana 

BlackRock has taken a major step in expanding its crypto footprint by adding its tokenized money market fund, BUIDL, to the Solana blockchain. Initially launched on Ethereum, the fund now spans seven blockchains and holds $1.7 billion in assets—expected to surpass $2 billion by early April. This move reflects BlackRock’s larger strategy to make secure, yield-bearing crypto investments more accessible to mainstream investors while addressing regulatory and operational gaps in traditional finance. Unlike stablecoins like USDT and USDC, BUIDL offers 24/7, interest-generating exposure on-chain, catering to a market that never sleeps. This expansion is part of BlackRock’s broader vision, which includes its $40 billion spot-Bitcoin ETF and long-term plans to tokenize all financial assets.

• BlackRock’s BUIDL fund, now on Solana, offers secure, interest-bearing exposure across seven blockchains, holding $1.7B in assets with projections to exceed $2B by April.

• This move supports BlackRock’s long-term strategy of tokenizing traditional finance, following its $40B spot-Bitcoin ETF launch and aiming to provide 24/7 investment options beyond traditional market hours.

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