Strategy returns to its bitcoin buying, GameStop may be next
It was a somewhat uneventful week for bitcoin. The asset took a quick tumble after inflation data was released, but quickly recovered. As for corporate bitcoin reserve stashers, they continued their stockpiling mission, but Michael Saylor’s Strategy is still leading the pack by far.
After a short break and for the first time since its rebranding, Strategy resumed its bitcoin accumulation. This week, it added 7,633 to its stash, bringing its total to 478,740. Saylor noted in an X post that this represents “~76% of all bitcoin held by public companies.”
Meanwhile, after a mere photo of Saylor with GameStop CEO Ryan Cohen sent the gaming company’s stock soaring on hopes that it would adopt Saylor’s strategy, this week holders of the meme stock got more fuel for the bitcoin fire when a report came out saying that it is, indeed, considering investing in bitcoin.
Other companies also added more bitcoin to their piles. Energy management platform KULR Technology increased its bitcoin purchases “by an additional $10 million to reach a total of approximately $60 million in bitcoin acquisitions.” It now holds 610 bitcoin.
Japanese publicly listed Metaplanet, “Asia’s leading bitcoin treasury company,” announced it raised $226 million in “unsecured, ordinary bonds” to buy more bitcoin. The goal is to hold 10,000 bitcoin by the end of 2025 and 21,000 bitcoin by the end of 2026.
Finally, Gumi, a Japanese publicly traded gaming company, announced it would buy $6.5 million worth of bitcoin.
