Gamestop Buys BTC

GameStop today announced its first large acquisition of BTC, disclosing a purchase of 4,710 BTC ($500 million). After an initial bump in pre-market trading following the announcement, GameStop’s stock tumbled 10%. Read more →

Yesterday Echo, an angel investing platform founded by popular crypto trader Jordan Fish, better known as @Cobie, announced Sonar – a new ICO platform that allows any project to host a public token sale. The debut sale is a token called Plasma (XPL), a “stablecoin side-chain” that’s offering 10% of its supply to raise $50 million at a $500 million FDV. With a friendlier US regulatory environment and memecoin fatigue setting in, Cobie and friends have a real shot at making the ICO model relevant again. Read more →

The push to replicate Michael Saylor’s success continues. This week we have sportsbook marketing firm SharpLink Gaming (SBET) announcing it raised $425 million to adopt an ETH treasury playbook and would add Ethereum cofounder Joseph Lubin as chairman of SharpLink’s board of directors. The stock spiked more than 400%. Read more →