USDThis Week’s Smart Money Recap: Strategy, GameStop, Trump Media Go Bitcoin
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Strategy Acquires 4,020 BTC for $427M, Total Holdings Reach 580,250 BTC
Strategy, formerly MicroStrategy, purchased 4,020 BTC for $427 million, averaging $106,237 per bitcoin, raising total holdings to 580,250 BTC at a combined cost of approximately $40.61 billion. This acquisition followed a $2.1 billion offering of its Series A perpetual strife preferred stock. Strategy funded this buy using profits from selling common and preferred shares, totaling $348.7 million from 847,000 MSTR shares. As bitcoin prices increased, Strategy's paper gains reached $22.7 billion, controlling nearly 3% of bitcoin’s supply. Analysts predict that over 70 institutions following similar strategies could add $330 billion to BTC’s market capitalization in five years.
GameStop CEO Ryan Cohen Reveals $505 Million Bitcoin Acquisition Strategy at 2025 Conference
At the 2025 Bitcoin Conference, GameStop CEO Ryan Cohen announced the company's acquisition of 4,710 Bitcoin, valued at over $505 million. Cohen outlined the financial struggle GameStop faced before his leadership, emphasizing the transition from physical to digital sales and the importance of cost control. He explained the rationale behind investing in Bitcoin, suggesting it serves as a hedge against global currency devaluation and systemic risk, claiming Bitcoin offers advantages over gold, such as easier security and fixed supply. Cohen asserted that GameStop is pursuing its own strategic path rather than following industry trends.
Metaplanet Issues $21M Zero-Interest Bonds to Boost Bitcoin Holdings to 10,000 BTC
Metaplanet, a Japanese investment firm, has raised $135.2 million in 2025 to bolster its Bitcoin acquisition strategy, aiming to hold 10,000 BTC by year-end. On May 29, the company issued $21 million in zero-interest bonds to Evo Fund, following a $50 million capital raise. Currently holding about 7,800 BTC, valued at approximately $840 million, Metaplanet ranks as the 11th largest corporate Bitcoin holder, with an average purchase price of $91,340 per BTC. Plans for a US subsidiary, Metaplanet Treasury, aim to raise up to $250 million, coinciding with a broader trend of corporate Bitcoin accumulation.
DDC Enterprise Initiates Plan to Acquire 5,000 Bitcoin, Buys 21 BTC for $2.28M
DDC Enterprise, a Hong Kong-based firm, began its plan to acquire 5,000 Bitcoin by purchasing 21 BTC on May 23 for $2.28 million, exchanging 254,333 shares. The company's goal is to accumulate 500 BTC by the end of 2025, with additional purchases planned to reach a total of 100 BTC shortly. If successful, DDC would rank just outside the top 10 public companies in Bitcoin holdings. Despite a 14.5% drop in stock price on the announcement day, DDC shares rebounded by 2.43% post-market. The overall interest in cryptocurrencies is rising in China, amidst regulatory developments.
Strive Asset Management Raises $750 Million for Innovative Bitcoin Acquisition Strategies
Strive Asset Management, co-founded by Ohio gubernatorial candidate Vivek Ramaswamy, has raised $750 million through a PIPE financing arrangement to primarily buy Bitcoin, with potential total funding reaching $1.5 billion if warrants are exercised. Strive aims to outperform traditional Bitcoin treasury firms by employing innovative strategies such as acquiring distressed Bitcoin claims and structured credit vehicles. The investment priced shares of Asset Entities at $1.35, over 100% above the previous closing price. Strive emphasizes its unique ‘alpha-generating’ approach, positioning itself as an asset manager using Bitcoin as a store of value for capital allocation.
Trump Media Signs $2.32B Bitcoin Treasury Deal, Boosts Liquid Assets to $3B
On May 30, 2025, Trump Media & Technology Group signed a significant $2.32 billion deal to establish a Bitcoin treasury, marking one of the largest Bitcoin treasury agreements by a public company. The deal involved the sale of over 55 million shares at an average price of $25.72 and includes senior secured notes due in 2028 worth $1 billion. Trump Media's CEO, Devin Nunes, emphasized that this investment not only enhances the company's liquid assets to over $3 billion but also positions it for rapid expansion amidst the cryptocurrency market's growth, following Bitcoin's peak price of $111,000 earlier this year.
K33 Raises $6.2 Million to Launch Bitcoin Treasury Strategy
K33 announced the successful raising of 60 million Swedish krona, approximately $6.2 million, from shareholders including Klein Group, Middelborg Invest AS, Tigergutt Invest AS, and Modiola AS. The funds are designated for purchasing Bitcoin as part of its newly approved Bitcoin treasury strategy, reinforcing K33's commitment to integrating Bitcoin into the global financial system. CEO Bull Jenssen expressed excitement about building a strong balance sheet backed by Bitcoin, emphasizing its role as both an investment and a strategic enabler for K33 as a prominent cryptocurrency broker. This initiative reflects growing institutional interest in Bitcoin.
SharpLink Gaming to Raise $1B for Ether Acquisition, Stock Soars 400%
SharpLink Gaming plans to raise up to $1 billion through a share sell-off, primarily to purchase Ether (ETH), as noted in a recent SEC filing. The company aims to bolster its newly launched Ethereum-based treasury strategy, with co-founder Joseph Lubin as board chairman. SharpLink Gaming's stock surged 400% following the announcement. Risks include potential regulations labeling ETH as a security and impacts from central bank digital currencies (CBDCs). At the time, Ether was trading at $2,516, down 4.51% over 24 hours but up 39.47% over the past month, reflecting strong price performance recently.
SOL Strategies Files for $1 Billion Financing to Leverage Growth in Solana Ecosystem
SOL Strategies, formerly Cypherpunk Holdings, has filed a preliminary base shelf prospectus with Canadian regulators to raise up to $1 billion, enhancing its flexibility to capitalize on growth within the Solana ecosystem. This filing allows the company to issue various financial instruments, streamlining future capital raises without repeated prospectus submissions. CEO Leah Wald emphasizes that while they may not utilize the full amount, this move prepares SOL Strategies for evolving opportunities. The firm recently also secured a $500 million financing agreement focused on staking SOL tokens and is exploring tokenized equity for its shares on the Solana blockchain.
Webus International Plans $300M XRP Reserve to Boost Global Payments Amid China’s Crypto Ban
Webus International Limited, a China-based tech firm, is launching a $300 million reserve plan for Ripple’s XRP to enhance global payment operations, despite China's anti-crypto regulations. The initiative will combine internal funds, loans, and major bank credit lines. CEO Nan Zheng stated that incorporating XRP aims to streamline cross-border payments, benefiting travel partners and customers globally. The company has also renewed its partnership with Tongcheng Travel Holdings to strengthen its domestic position and prepare for international expansion. This move follows a similar initiative by VivoPower International, which announced a $121 million XRP treasury, indicating rising corporate interest in Ripple's technology.
Hyperscale Data Announces $10 Million XRP Acquisition for New Blockchain Lending Platform
Hyperscale Data has announced a significant move into decentralized finance with plans to acquire up to $10 million worth of XRP. This acquisition, led by its subsidiary Ault Capital Group, supports the launch of a blockchain-based lending platform aimed at U.S. public companies in Q3 2025. XRP will serve as the core asset for this platform, allowing eligible NYSE, NYSE American, and NASDAQ firms to borrow XRP. To mitigate crypto volatility, ACG will utilize XRP futures on the Chicago Mercantile Exchange. The project’s rollout may be influenced by market and regulatory conditions.
Meta Shareholders Reject Bitcoin Treasury Proposal, Favor Focus on Stablecoins
Meta shareholders overwhelmingly rejected a proposal to assess adding Bitcoin to the company's treasury, casting nearly 5 billion votes against it. The proposal, from investor Ethan Peck of the National Center for Public Policy Research, aimed to evaluate whether converting part of Meta's $72 billion cash reserves into Bitcoin could better preserve shareholder value amid inflation. Meta's board deemed the assessment unnecessary, citing an existing robust treasury management process. The board noted ongoing evaluations of various assets, while Meta appears to be shifting its focus toward stablecoins, exploring their integration for global payouts amid a renewed interest in cryptocurrency.
This article has been refined and enhanced by ChatGPT.
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