Author: The Daily Hodl
Shares of GameStop (GME) are rallying after the video game retailer and memestock favorite announced plans to accumulate Bitcoin (BTC) as a reserve asset. GME stock, a viral sensation among retail traders in 2021, is up more than 14% the day after the company’s board approved a Bitcoin treasury strategy. Shares of GameStop are trading for $29.12 at time of writing. In a Tuesday filing with the U.S. Securities and Exchange Commission (SEC), the company outlines its new Bitcoin strategy. “The Board approved the addition of Bitcoin as a treasury reserve asset, alongside US dollar-denominated stablecoins, to diversify the Company’s…
Metaplanet chief executive Simon Gerovich is predicting that Bitcoin (BTC) treasury firms like Strategy will increase in number. In a new interview with Pomp Investments founder Anthony Pompliano at the Bitcoin Investor Week in New York, Gerovich says that the success of Metaplanet and Strategy, two publicly listed Bitcoin treasury companies, will likely lead to many other entities adopting the same new business model. “We’ve been inspired incredibly by the work of MicroStrategy, Strategy. And we hope that through the initial success that we’ve had, and we’re very humbled by the interest that the market has taken in us so…
Senator Elizabeth Warren is worried a bipartisan stablecoin bill working its way through Congress doesn’t do enough to address the systemic risks she thinks the dollar-pegged assets pose. Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in February. The legislation, which aims to establish regulatory clarity for stablecoins, passed out of the Senate Banking Committee on March 13th by a bipartisan 18-6 vote. In a speech to the committee earlier this month, Warren (D-Massachusetts) said the bill doesn’t protect consumers, national security or financial stability. “The bill lacks basic safeguards necessary to…
Morgan Stanley’s chief investment officer and chief US equity strategist, Mike Wilson, is issuing a warning on the stock market. Wilson says in a CNBC interview that the stock market rally currently being experienced is unlikely to last long. “It’s going to remain volatile through the end of the second quarter. So whatever rally we’re getting now, we think probably ends up fading into earnings into May and June, and it will probably make a more durable low later in the year.” According to Wilson, fundamental factors are driving the stock market lower. “At the end of the day, I…
BitMEX co-founder Arthur Hayes believes that it is now in the cards for Bitcoin (BTC) and Ethereum (ETH) to witness sustained rallies en route to new all-time highs. The crypto veteran says on the social media platform X that he thinks Bitcoin has the potential to rally above its current record high of $108,000 after Fed Chair Jerome Powell announced that he plans to reduce the pace of quantitative tightening (QT) by April 1st. According to Hayes, the announcement puts the Fed in the position to transition from QT to quantitative easing (QE), a condition that has triggered crypto bull…
An analyst who accurately called Bitcoin’s correction in early 2024 believes BTC remains in a bull market after bouncing from a 2025 low of $76,000. Pseudonymous analyst Rekt Capital tells his 542,00 followers on the social media platform X that Bitcoin’s current bull market cycle has yet to reach a peak. “BTC bull market progress: 82.5%. (Progress will speed up on parabolic advances and slow down on deeper retraces).” The analyst also tells his 107,000 YouTube subscribers that Bitcoin’s latest correction to $76,000 is not the sign of a beginning bear market based on historical precedence. “Many people have been…
GameStop is preparing to add Bitcoin to its balance sheet as a treasury reserve asset. The video game retailer, which became a viral sensation among retail traders in 2021, just announced that its board has unanimously approved the move. In new SEC filings, GameStop says the move is part of the firm’s strategy to use its liquidity to maximize shareholder value. “On March 25, 2025, we announced that, as part of our revisions to the Investment Policy, the Board approved the addition of Bitcoin as a treasury reserve asset, alongside U.S. dollar-denominated stablecoins, to diversify the Company’s investment portfolio… a…
BlackRock, the world’s largest asset manager, launched its first European Bitcoin (BTC) exchange-traded product (ETP) on Tuesday. According to a Bloomberg report, the iShares Bitcoin ETP (iB1T) began trading on Euronext Paris, Euronext Amsterdam, and Germany’s Xetra exchange, offering institutional and retail investors regulated exposure to Bitcoin’s price performance. The product is physically backed by Bitcoin and secured through Coinbase Custody International Ltd., according to the report. Manuela Sperandeo, BlackRock’s head of Europe & Middle East iShares Product, characterized the launch as a significant industry milestone. “It reflects what really could be seen as a tipping point in the industry…
Fidelity’s director of global macro, Jurrien Timmer, is updating his outlook on markets following an across-the-board correction in equities. In a post on the social media platform X, Timmer shares with his 194,000 followers a chart depicting an average of the S&P 500’s returns during the specific years of presidential terms. Timmer’s chart suggests that the S&P 500 is more or less following the historical average of previous presidential cycles and that its current drawdown could conclude somewhere around July of this year. “While I wouldn’t put too much weight on this indicator, the iteration of the Presidential cycle in…
Solana (SOL) is green on the day on reports that BlackRock is moving its blockchain-based money market fund onto the Ethereum (ETH) competitor’s network. Fortune reports that the world’s largest asset manager is adding its $1.7 billion BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to the Solana blockchain. Solana is trading for $145 at time of writing, up nearly 19% in the last week. Launched a year ago, BUIDL uses traditional money market funds, which investors use to store cash in the near term and earn yield on it, combined with blockchain payment properties. Solana is now the seventh blockchain…