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Crypto

Strategy takes 94% of listed firms\' bitcoin buying in March

Strategy, formerly MicroStrategy, bought 44,377 bitcoin in March, accounting for 94% of listed companies’ purchases, BeInCrypto reported. Listed firms bought more than 47,000 bitcoin in total, but net increases fell to about 25,000 as nine companies reduced holdings. Strategy funded purchases through $1.18 billion raised via STRC ATM and $396 million via MSTR ATM. Its holdings rose to 762,099 bitcoin, valued at about $52.36 billion at the reported price.

Crypto

GameStop moves all bitcoin holdings, raising possibility of sale

GameStop transferred all 4,710 BTC it holds to Coinbase’s institutional trading platform, prompting speculation it may be reviewing its bitcoin strategy. On Jan. 24, CryptoQuant raised the possibility that the company could sell. GameStop bought 4,710 BTC in May at an average price of $107,900. With bitcoin trading at $90,800, selling all would imply an estimated loss of about $76 million. GameStop has not officially said whether it will sell.