GameStop has signaled a dramatic strategic shift, transferring its entire Bitcoin treasury to crypto exchange Coinbase Prime as CEO Ryan Cohen declares that pursuing “transformative” acquisitions is now “way more compelling than Bitcoin.” The move, involving 4,710 BTC valued at approximately $362 million, raises immediate questions about a potential sale and marks a significant turn for the meme-stock pioneer that had embraced cryptocurrency as a core treasury asset. This pivot comes as the company returns to profitability and its shares surged over 8% following Cohen’s announcement, highlighting investor focus on its next chapter beyond digital asset speculation.
about GameStop Shifts from Bitcoin to Acquisitions, Transfers $362M BTCCoinbase Prime
0 in Finance and 0 in Crypto last weekSpaceX & BlackRock Move $296M Bitcoin Before Fed Rate Cut
In a move that has sent ripples through the cryptocurrency markets, SpaceX and BlackRock transferred a combined $296 million in Bitcoin to Coinbase Prime just hours before the U.S. Federal Reserve announced a 25-basis-point rate cut. The timing of these substantial transfers, revealed by on-chain trackers at Lookonchain, has ignited a fierce debate among traders and analysts. While some interpret the moves as a potential signal for an impending sell-off, others suggest they may represent routine custody adjustments or strategic positioning ahead of a major monetary policy decision. The transfers occurred against a backdrop of heightened volatility for Bitcoin and intense speculation regarding SpaceX’s corporate future, creating a perfect storm of uncertainty for market participants.
about SpaceX & BlackRock Move $296M Bitcoin Before Fed Rate CutBitcoin Plunges Below $90K as Galaxy Digital Sells
Bitcoin has plunged below the critical $90,000 support level for the first time since early spring, triggering widespread market fear and raising concerns of a transition to a full bear market. The decline appears driven by aggressive institutional selling, particularly from Galaxy Digital, which moved over 2,800 BTC amid deteriorating market structure and weakening momentum as buyers struggle to absorb sell pressure.
about Bitcoin Plunges Below $90K as Galaxy Digital SellsBlackRock Bullish on Bitcoin Despite Price Slowdown
BlackRock has reaffirmed its long-term conviction in Bitcoin despite recent price struggles around the $100,000 level. In a new SEC filing, the asset management giant frames Bitcoin as a decades-long structural theme rather than a short-term trade. The firm argues Bitcoin’s strategic value is accelerating faster than its price suggests, positioning the cryptocurrency as a fundamental component of future financial systems despite current market volatility.
about BlackRock Bullish on Bitcoin Despite Price SlowdownCleanSpark Secures $100M Coinbase Deal to Scale Bitcoin Mining
Bitcoin mining firm CleanSpark has secured a $100 million financing deal with Coinbase Prime, using part of its substantial Bitcoin holdings as collateral. The funding, announced Monday, will accelerate expansion across the company’s core operations including Bitcoin mining, high-performance computing capabilities, and energy initiatives. The market responded positively, with CleanSpark shares rising approximately 5% in after-hours trading following the announcement, signaling investor confidence in the company’s growth strategy.
about CleanSpark Secures $100M Coinbase Deal to Scale Bitcoin MiningCleanSpark Secures $100M Bitcoin-Backed Credit Line from Coinbase
Bitcoin miner CleanSpark has secured a new $100 million credit facility from Coinbase Prime, backed by its substantial Bitcoin holdings. The financing strategy aims to fund expansion without diluting shareholder equity, positioning the company differently from peers who often rely on equity issuance. This move comes as mining operators face increasing pressure from record network difficulty, low transaction fees, and rising operational costs that are squeezing industry margins.
about CleanSpark Secures $100M Bitcoin-Backed Credit Line from CoinbaseBitcoin Bull Run at Risk as MicroStrategy Considers Sell-Off
Bitcoin’s bullish momentum faces a critical threat as MicroStrategy, the largest corporate holder of BTC, reportedly considers selling its massive holdings by 2025. Market expert OxArtikal warns that recent transfers of 7,382 BTC to Coinbase Prime—without public disclosure—signal a potential shift in strategy. MicroStrategy controls over 3% of Bitcoin’s circulating supply, and a sell-off could have a catastrophic impact, possibly driving prices below $70,000 and eroding long-term confidence in BTC as ‘digital gold.’ Historical precedents, such as the 2022 market crash following MicroStrategy’s wallet movements, add weight to these concerns. While unconfirmed, the lack of transparency and institutional implications could trigger a broader market downturn.
about Bitcoin Bull Run at Risk as MicroStrategy Considers Sell-OffEthereum Surges Past $3,100 as Institutional Interest Grows
Ethereum is trading above $3,100, marking a significant breakout as altcoins gain momentum. SharpLink Gaming has emerged as the largest corporate holder of ETH, purchasing an additional $19.5 million worth of the cryptocurrency, bringing its total holdings to 280,706 ETH ($840M). The move highlights growing institutional adoption, with ETH now seen as a strategic reserve asset. Technically, Ethereum has reclaimed key moving averages, confirming a bullish reversal. Analysts suggest a potential rally toward $3,600–$3,800 if the current support holds. The combination of strong fundamentals, corporate buying, and improving technicals positions ETH for further upside.
about Ethereum Surges Past $3,100 as Institutional Interest GrowsEthereum Holds Strong Above $2,850 Amid Institutional Demand
Ethereum has successfully held above the critical $2,850 resistance level after breaking through to a local high of $3,080, signaling strength despite market volatility. Institutional interest is surging, with SharpLink Gaming—now the largest publicly known ETH holder—adding $73.2M worth of ETH to its $611M treasury. On-chain data reveals growing accumulation, while technical indicators support a bullish continuation, with ETH staking at record highs. Analysts suggest that if ETH maintains its current momentum, a move toward $3,500 is plausible. The market awaits regulatory clarity during ‘Crypto Week,’ but Ethereum’s fundamentals and institutional backing position it for sustained growth.
about Ethereum Holds Strong Above $2,850 Amid Institutional DemandUS Gov’t Ethereum Wallet Tests $10 Transfer to Coinbase
A US government wallet holding Ethereum recently sent a $10 test transaction to Coinbase Prime, a move often seen as a precursor to larger transfers. Observers speculate this could indicate an impending sale or redistribution of seized or confiscated crypto assets. The transaction has drawn attention to the government’s strategy in handling its growing cryptocurrency reserves, which may impact market sentiment.
about US Gov't Ethereum Wallet Tests $10 Transfer to Coinbasea16z Moves $13.75M in COMP to Coinbase Prime: Market Impact
a16z’s transfer of 300,000 COMP tokens ($13.75M) to Coinbase Prime has raised eyebrows in the crypto community, given their historical 10% stake in Compound. While the move may signal portfolio rebalancing rather than a full exit, it coincides with Compound’s governance shift toward decentralization. Analysts note that COMP’s price is near a key support level, and the transfer could trigger selling pressure. Meanwhile, a16z has also deepened its commitment to LayerZero, locking $55M in ZRO tokens, suggesting a strategic pivot within DeFi and interoperability. The COMP price dipped 1.36% following the news, trading at $45.31.
about a16z Moves $13.75M in COMP to Coinbase Prime: Market ImpactMicroStrategy’s $54.5B Bitcoin Holdings & $126K Price Prediction
Arkham Intelligence’s latest report reveals MicroStrategy now holds 70,816 additional BTC, totaling $54.5 billion in Bitcoin assets—87.5% of which are custodied with Fidelity Digital. The disclosure sparked debates over privacy, with critics arguing it exposes MicroStrategy to hacking risks. Meanwhile, analysts project BTC could hit $126K due to growing institutional interest, exemplified by MicroStrategy’s $84 billion fundraising plan and BlackRock’s competing Bitcoin Trust (573,869 BTC). Despite a recent 2% weekly dip, BTC trades at $108K, with bullish targets of $120K-$126K ahead.
about MicroStrategy's $54.5B Bitcoin Holdings & $126K Price Prediction