Bitcoin Forum

https://finance.yahoo.com/news/gamestop-stock-pops-after-company-confirms-plans-to-buy-bitcoin-204454374.html

Great news for those stuck bagholding GME. This will make the stock exciting again and im sure that all the shorts are going to be scared when they understand this play and look at how powerful it could be for the ticker when you look at MSTR.

They options play on this will become interesting in the following months. If there is a BTC bullrun to 150k+ then all the GME shorts are going to be covering and a potential gamma squeeze is at play which means the price may run up in a slingshot fashion. It is going to be also interesting to see how they try to stop trading this time considering that they cannot stop BTC trading and the stock will be powered by it now.

Not sure what's so exciting about it! I wish corporates and governments never invest in Bitcoin. They can make their own shit and invest on those. Having too many corporate into bitcoin market is not good for the market. I do not see any benefit apart from some liquidity inflow.

These corporates have so much money at their disposal, they can buy huge chunks of Bitcoins and put themselves in a position where they can control the market. Not ideal and not great news!

It was a good decision for Gamestop to invest some of their cash holdings in bitcoin. They may not be the first company to do something like this, but when a company is open to investing their money in bitcoin, the market response tends to be positive, and that can be seen from their stock price which has increased by almost 15%.

Hopefully their plan to invest in bitcoin is not just temporary, but a long-term plan.

I also see all these as a way of running under bitcoin for a survival after they have been chastised by the fiat economy, lately now they are getting to realized the reason why bitcoin could be their rescue haven, we don't want the institutions to dominate the market before they can all have a manipulative cause on it thereby turning it to be something which bitcoin is not from their investment in it, no matter how they are investing, it still remains a decentralized digital coin not and forever.

The GME news is quite exciting because it tells us if we're not only having one microstrategy, but we have another one!!!!

GME has more than 4.5 billion cash, and i expect them to allocate some to buy bitcoin, but i wonder how much?

GME = Microstrategy 2.0. 8) 8) 8)

On the contrary, this is excellent news, the more demand the better. Maybe you prefer this to be pure P2P and the price per bitcoin to be like $80.


There are lots of companies with bitcoin as reserves and they keep growing, you can check them at: https://bitcointreasuries.net/

Institutions are no longer sitting around and watching BTC's growth, they can't help themselves but be part of the network. I read that gamestop's stock rose by 8% after the announcement was made, which means their shares became more attractive to investors after the announcement was made. I don't know if it is a big news for the BTC network and community, i don't see too many people talking about it, neither did it have an effect on the price.

I was a GME investor for a good while, then left after it started to decline and started to suffer losses. It was good at first, but then it deteriorated.

This may be good news for GME investors, but caution is advised because such news is used to manipulate the market. Stocks may rise briefly, then whales start selling, and small investors start taking losses. Therefore, I don't see it as a successful long-term investment.

Looking at the graph of this stock in the article, it has risen currently by 10%, it is likely that this is the effect of the news that this institution has made reserves in Bitcoin because however the growth of bitcoin can be said to be fast making many institutions do not refrain from investing in bitcoin.

I only know GameStop added bitcoin as a reserve news from this thread.
And the effect of the increase in bitcoin to $88K is not because of this news I think so.

I do not think that this is the news that affected the recent run that we have been seeing. On the other hard, every positive news like this is very good for the market. Perhaps GME has plans already that they will increase their Bitcoin reserve.

They have extra profit so they might as well invest it in the biggest assets right now. And as what we have seen, many private companies are looking at Bitcoin for a while and could be getting their hands or at least testing the waters by putting it into their company's reserve.

It is only a matter of time until most of these enterprises and huge companies will have their own decisions of not allowing the others to win this BTC accumulation period. We may still in the bull run but I think that they've got a better plan than anyone else and they'll stick to it in the longer period of time. People may seem to look that this is just another hype-riding scenario but I don't think that it ends here. We'll see that many of them will do the same in the next upcoming months.

Well, they're in and before many have thought that they should invest. Now that they are here, we wish that they should never be here. We can't deny the fact that they've helped the price to go up by making a demand.

In investing, any asset that wants to increase in price needs a lot of money to be poured in, and with governments and institutions entering the market, that means money is flowing in and price increases are just a matter of time. If we want bitcoin to become popular and globally adopted, increase in price...we need government permission and intervention. It can be said that this is the price we have to pay, we cannot be greedy to want bitcoin to increase in price while also wanting governments and organizations to stay out of the market.

Also, is there any way we can stop them from entering the market? No, then let's learn to adapt.

I feel like there isn't as much crossover between Gamestop and Bitcoin as there should be.  Most of the GameStop folks I come across are heavy shitcoiners, so I'm not sure how they all feel about Bitcoin adoption as a treasury asset.  Hopefully it gets some of them to take another look at Bitcoin and maybe this will have a bit of a halo effect, causing GME investors to start stacking some Bitcoin for themselves to help their cause.  If we're really lucky, maybe some other S&P500 companies are taking note and considering a treasury action of their own.

so it will be MSTR 2.0

wonder if they gonna take aggressive approach like MSTR, there's people speculating that GME might be making massive buying in the future in many social media.
regardless it's bullish news for bitcoin holders like most of us here.it means more and more company are confident in investing in bitcoin.

The company's stock will react to Bitcoin prices, investors who don't convert their notes at a terrible market price will suffer loss. However if the company performs well with the strategy investors will earn alot from shares. As of yesterday, an x user uploaded what looked like GME stock right now.

https://pbs.twimg.com/media/Gm_iUjfWcAAptSG?format=jpg&name=small

Probably, since their current business plan is a sure-fire recipe for bankruptcy (if it's still based on physical games; I'll admit I haven't been keeping up with them).

I know Michael Saylor is a true believer, but I'm not sure if it's really a good thing for big companies/governments to be scooping up a lot of bitcoin.  For some reason it leaves a bad taste in my mouth--probably because IMO it goes against what bitcoin was created for, i.e., money for the people and not some ploy to keep a dying video game retailer relevant and solvent.

So basically a sh*tty company wants to become attractive again by doing the "we will adopt Bitcoin" move. I'm not surprised.
All the Gamestop drama is over for years and the people, who are still holding Gamestop shares are more like a religious cult, rather than actual investors. I think that most of the big hedge funds won't touch Gametstop stocks with a 10 meter stick, after what happened 2 years ago(if I remember the exact time correctly).
Do you really believe that Bitcoin is going on a 150K bull run by the end of 2025? I think that the price hitting back 100K by the end of year would be a great achievement, but 150K seems unrealistic.

I think it is only positive for Bitcoin, I dont give a $hit for Gamestop or any other
big business. I think it was only a matter of time before investment companies and
traditional financing got interested in Bitcoin, its so attractive (it was always so attractive
ots just most couldnt see it)

I wonder if Satoshi ever envisioned a 2025 where institutional investment
companies and the like would be interested in Bitcoin?

Anyway, Bitcoin can still be money for the people, its just the people will only
be using Satoshi's.

I just hope that this adoption from high above will eventually become the adoption from down below.

Many companies are adopting, I believe over 80 companies now have Bitcoin on their balance sheet. I think at the end the day, a bet on a company purchasing Bitcoin is an attractive one. It's like having exposure to Bitcoin though also to a component that generates revenue and profit. It makes sense for Gamestop to accept it given who leads their company, and all of what surrounds their brand (as you said, the cult-like shareholder following after what happened in 2020-21).


I wouldn't call anything unrealistic when it comes to Bitcoin. In 2020, $3-4k to $60k was unprecedented and would have been called a wild prediction before it happened. Same goes with $1k to $20k in the prior cycle...and so on. Nothing is impossible! Though I do somewhat agree...I think some big changes will happen in markets and economies that will create volatility and waves, whether this effects Bitcoin or not is something I'm unsure about, though it will be volatile and I struggle to see how Bitcoin may capitalize from that (seems more likely it will thrive after the dust has settled).

But I wonder why the price doesn’t react anymore. Is Bitcoin kind of oversold now? After MicroStrategy, now rebranded into Strategy, adopted the Bitcoin standard in their corporate system, a number of companies have followed.

Metaplanet and other companies have also purchased Bitcoin repeatedly, but the price doesn’t seem to care anymore. Even the purchases of Strategy doesn’t seem to influence the price anymore. Now, there’s the addition of Gamestop, no reaction either. Or is there a whale consistently disposing his/her huge Bitcoin holdings?

If there is no market manipulation and Bitcoin does not react to this positive news in a natural way, that would be a good thing. Because if in the future there is news that organizations are selling bitcoins en masse to the market, bitcoin will not react negatively and be dumped. But I suspect bitcoin is being manipulated more than it is maturing.

Furthermore, this is not the only news that is impacting the markets, news of Trump's new tariff war continues to disrupt financial markets. So it is no surprise that negativity is overwhelming and pervasive in the markets.

That's just because there are still enough people buying and selling depending on their reactions to the market. Just think that Strategy now has over half a million bitcoins that is not going to sell, with all the companies getting on board, and if states start joining in as well, there’s going to come a point where a supply shock happens, and then you’ll see candles shooting up by tens of thousands in no time.

It is actually money that is censorship resistant and out of anyone's control, rather than money for the 'people', so we cannot control who's going to use BTC. I don't think that anyone or institutions investing in BTC goes against what BTC is created for, it is money that can be adopted by anyone, so if Satoshi created it that way, they knew that anyone, including institutions could adopt it, and that is what is happening.

It seems to me like, whenever there's a company who issued stock and they bought Bitcoin, their stock price are pumping.

I don't see any reason why other companies aren't trying to buy Bitcoin even in small portion, they don't have to make money from Bitcoin, but if they get spotlight from news, they might become popular... in a day. :D

I am sure we are allowed to have difference in opinions.

I am always against the government and corporate money into the crypto market. Because they are sitting on so much cash, they can easily become a whale in the market and can start manipulating it at their will.

Where were those companies 10 years back? We, the commoners and believers were there. The market flourished with us. Now everyone is jumping to get their share of pie! You may find it exciting, but I am not!

Yes, for sure we are allowed to have different opinions, especially on this forum.

Considering that you registered on the forum in December 2015 and that Coinbase was launched in June 2012, it seems to me that you are taking more credit than you deserve.

As I see it, the most evil are the ones who have driven the bitcoin price up the most, so you can't have your cake and eat it too. If you like the price to go up, it is accompanied by CEX, custodial wallets, companies buying bitcoin en masse, Trump backing bitcoin, etc. Without all this bitcoin would be a thing of 4 cyberpunks and ancaps and a few who would use it to buy drugs on the deep web.

Passed customers who are in cryptocurrency get to remember them so well, as soon as, the company proposes to purchase Bitcoin. The market has the clout and many businesses like Microstrategy turn it to their advantage. Saylor welcomed GME with big arms, drawing some audience to his side. If the trend interests other companies, it'll bring great growth to Bitcoin. These companies are trying to help investors feel secure by indirectly buying bitcoin through convertible notes.

I think a lot of them see Bitcoin as a grift.  The fact that Michael Saylor got behind it isn't necessarily a good thing for S&P500 adoption.  The guy did make his fortune by squatting domain names.  Now he's squatting Bitcoin and I'm sure there are people in big business that would rather see him fail than gain a few extra points on their investment portfolio.  I would say that if it wasn't for Saylor stacking so many BTC, we'd already have other companies stacking it for their own treasuries.  At this point though, adopting BTC makes Saylor insanely rich, and I'm certain that is something discussed in board rooms.

Yes, that's exactly what I expected. It's very clear, as it's usually expected that the stock price will rise briefly when such news spreads, then fall again, and that's what happened.

This is an opportunity for the whales to manipulate. They exploit the news and promote it widely. When the price starts to rise, they sell, and prices begin to fall. The lucky ones are those who benefit from the initial price rise and reap their immediate profits.

more companies see how potential bitcoin is to be used as an investment for their company. these companies have begun to see that bitcoin is no longer a trivial asset, but it has become a high-value asset and is suitable to be part of the company's investment diversification.

and especially in recent times the development of regulations has appeared more solid in several countries, and this makes companies more confident in making their investments in bitcoin because they believe that with better regulations, the value of bitcoin can increase.

They will never just make their own coin because there is no guarantee of profit there but in bitcoin there is. Simple as that. How will they invest in a project that’s not profitable in the first place? They need bitcoin.
We know that this started with microstrategy being one of the first companies to invest in bitcoin and until now it continues to buy more. Other companies must have seen the effect of bitcoin and copied them. Not only companies but countries are getting interested in bitcoin.

This is indeed incredible news and I am excited to see how the market reacts to this. Can't wait to see thay mad kitty or whatever the heck his name in weight in on this one and he may have already I just haven't been paying much attention to is right now. I used to own one GME stock for fun hehe maybe I should snag a few up again just to shake things up!

As you predicted and it happened, after the news was released, GME stock went up 10% but just a few hours later, GME fell more than 25%. This is clearly stock market manipulation and many people must have lost money.

People often say that crypto is a risky, volatile and manipulated market but with what is happening with GME, it is nothing more than a shitcoin  ;D.

https://i.ibb.co/QWQ3B9N/Screenshot-2025-03-28-110458.png
https://x.com/KobeissiLetter/status/1905314330507170288

However, this is not new and it has also happened with MSTR. After a period of continuously reaching ATH levels, MSTR has also decreased significantly compared to the ATH level.
https://i.ibb.co/RkSxFBB4/Screenshot-2025-03-28-110705.png

GME is not that big a business, we are looking at a $12.6B marketcap, which is quite impressive for a retail shop that sells videogames, but it's not some juggernaut. In any case, why is this bad? They are betting that Bitcoin will go up in price. Please explain how that doesn't mean they are on our team as BTC investors. They are basically BTC investors themselves from now on, but instead of being an individual, they are a business that uses their cash reserves to buy BTC because their cash reserves are there doing nothing, and best case scenario they are stuck in some short term t-bill instruments that don't even beat inflation, specially now that they will be lowering rates, so they are just getting ready and getting their BTC reserves before ZIRP kicks in and you are losing 3% yearly on your cash if not more (that is just assuming average inflation stays the same during ZIRP which is debatable). I think in the long term all businesses that exchange their cash reserves for BTC will be proven right as the rest are just bagholding massive amounts of cash doing nothing.

Why doesn't the price react to such events? And why did you decide that these companies should influence the market if they just keep their bitcoins in wallets? There are quite a lot of large players who bought coins several years ago and the time has come to sell some of them for profit. Everything is quite logical, isn't it? That's why we are seeing such a picture.

I am sticking to my scenario, in which the price will fall even lower within a few months. Most likely, it will reach the level of 50 thousand dollars, and only from there will the trend change to an upward one and conquer new heights.
https://www.talkimg.com/images/2025/03/28/lzc9C.jpeg

I do think your case would be more like it - confidence is still not there for BTC to push forward, so it may be it will be dragged to all places before we would see a new ATH.

It happened to most stocks. Check out the price of Tesla, Nvidia, Meta, Apple and many others.

IMO the stock manipulation is a thing, but it's happening on a much larger scale. It's not Gamestop that's doing it or Strategy, or any other company on its own. The whole Nasdaq is dumping ant the main culprit is the FED. This is the biggest manipulator - the institution that calls itself a federal reserve, but is neither of these things.


I hope you realize that this is a bear market scenario. BTC has never done that in the past. You're saying it would dumps 60% and then reach ATH.
The way I see it if it goes down 60% we're going to in a bear market, not because BTC is weak or anything, but because traders will see that as a bear market and react accordingly.

Also, if BTC goes down 60% that will probably liquidate most large holders including Microstrategy and cause a black swan event where we'll easily could go back to $30k.

In other words, you're trying to be bearish and bullish at the same time, not knowing that if you balance on the edge and move to far in one direction you're going to be in free fall. There are limits to where a bull market can extend.

GME did just not go and buy BTC with their cash reserves, they have saved their cash reserves of 1.4$bn and instead of they are issuing convertible bonds. When they issue this, market makers want a cheaper price to get better deals on the bonds, so they short the stock, then they buy the stock. It doesn't help that Trump is crashing everything under the sun again with the tariff talk that is scaring everyone away from risk-on assets, so if BTC dumps, then you can expect GME to dump even more, before they started buying and now as well since their price will be more correlated to BTC even if they don't own any yet, simply because of perception and future expectations. This is a play for a bull market, it will eventually work, but for now just buy cheaper as macro is wrecked by Trump.

Most of the times when such projects invest in BTC they plan to hold it for long term and this also shows that the project is in the market for long term too, as there are projects which we see we quickly realize they are not going to be here much longer but when they have investments in BTC they plan to be there for longer period of time shows logevity and thus build trust among investors and more investment means bigger ecosystem and more marketcap and more listings and more adoption.

More adoption means more demand and if the tokenomics are also good of such projects, then the price will just shoots up.

I think it was managend a few months ago, there was a meeting with michael saylor and then it kept going around the world as a posting on X. Now they have finally made it official. The media have spread the word positively and a gamer community is being informed about bitcoin, although i think a lot of people already know about bitcoin. Now bitcoin should continue to rise and then gamestop will surely release something again soon that they are buying bitcoin. In the future, more large companies will join them and buy bitcoin as security for their financial stability.

They will pull in all directions and how. At such moments you are amazed and have to accept what is happening. Of course, there is an option to short the downward trend. There are few events for optimism now. If large investors cannot fix the situation, then this is a sign that we should expect the worst-case scenario.

Where are all these predictors of a high Bitcoin price? They have disappeared somewhere. Which was to be expected. What opportunists they all are, however. But reality is giving them one middle finger.

I wish not as well, but that's how decentralization works, and you can't blame them especially if they see that they can benefit from investing into it as well.
I mean if you're the owner of a huge company and you saw that Bitcoin can be a hedge to inflation, will you not use some of your reserved cash and invest into Bitcoin especially if you know that Bitcoin can be a inflation hedge?

I don't want these big companies and even the government to invest into Bitcoin, but they can because nobody prevents them from doing it. The only thing that we can do as a retail investor is to ride the wave and make some profit from it if we can make some. This is the start of the long-term supply squeeze because this move by Gamestop might create a domino effect hence, some big and small companies will buy Bitcoin as well and add to their balance sheet.

I have been debating this topic all wkend. I've been studying more about $GME using fundamentals and its meme worthiness.

Fundamentals are obviously not great: EPS is only positive due to the interest from the cash reserves. EBITDA is basically near $0 for the FY and really only positive during Q4, which offsets Q1-Q3 losses. Revenue has been declining and will likely continue to decline.

Meme worthiness: not sure how to value this using any reasonable metric. But it should be viewed as an intangible asset of some sorts. Obviously FASB will never allow this to be ever recorded as such on the Balance Sheet, but this isn't nothing. GME has a huge retail following, led my RK or DFV.

BTC/MSTR bulls: There are BTC purists who will support $GME and some $MSTR fans who will support GME too. Not all obviously, as some may think it takes away liquidity from pumping MSTR or BTC, but I think there will be a net positive to $GME's following from these groups

Bitcoin adoption: Bottom line. GME used to be a joke, probably was still a joke as of last week, but I think this BTC move changes everything. Some may be cynical and say BTC's association from the likes of $GME, Michael Saylor, North Korea, Trump are all headwinds. I disagree. It was only 4-5 years ago where morons widely associated BTC with only criminals. Some still do.

So the fact that BTC is being adopted by major public companies (albeit failing) like MSTR, MetaPlanet, and GME is an upgrade versus criminals. We already have BlackRock and many other reputable institutions supporting BTC and the broader industry.

So while $GME used to be a joke, the fact that they are acquiring BTC, in my opinion, legitimizes BTC as a store of value and I think is a good transitionary step from BTC bring a "criminal currency" to actual liquid gold adopted by the masses.

Do I think $GME is a good investment? Possibly.

We saw what happened to MSTR and Metaplanet. They got in much earlier though so I don't know if GME will see asymmetric returns relative to idiosyncratic risks associated with its fundamental business. But if I had to bet on it, I think $GME brings more positive attention to $BTC and to crypto...which I think is a net positive.

If the U.S. strategic reserve plan is approved, i am certain it would not take long for more countries and institutions to adopt BTC as a strategic reserve too. It does not matter what side one is on, you just have to admit that attention is on BTC right now, some people believe it is not good and will lead to price manipulation, while others think it is just fine, we'll see what happens in the long run, and no matter what, BTC is censorship resistant and we cannot stop anyone from buying or using BTC.

So I wrote that under Trump, the crypto market does not expect anything good at all. Large investors do not fully understand this person in power and are trying to preserve their assets. Therefore, risks are reduced by less risky instruments. This is a completely logical step in such a situation. Therefore, investors left Bitcoin and switched to other investment areas.

I believe that the scenario with the fall will continue for several more months. This year, it seems to me, will be the worst in a long time.

Until confidence is regained, I agree with you.

We can't know for sure if Trump won't shake the situation in any moment at the broader market, which would affect the crypto market as well..

Whales have been in the market manipulation business for years, Michael Saylor also do that with his social platforms. Retailers suffer the most out of their plots, and they fetch whales the most money. The market is becoming a tug of war, the strong hands win atmost.

Yes. Everyone is getting involved in Bitcoin. They've already seen BTC's potential to become the "next digital Gold". Gamestop is no exception. It will join a growing number of companies adding BTC to their balance sheet (portfolio). I'd say this is a bold move from Gamestop. If BTC goes all the way to $1m, Gamestop will obtain huge profits in the return.

I sure hope there's a balance between people holding Bitcoin and companies + governments. Otherwise, there will be a huge concentration of the circulating supply among a few (which equals centralization). BTC should be by the people, for the people. Not for the oligarchs. Fortunately, making Bitcoin decentralized again would be just a "fork away". Who knows what will happen in the future?