Will This Trigger the Next BTC Rally? Gamestop Just Raised $1.3B to Stack Bitcoin

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Shares of GameStop surged nearly 12% on March 26 after the retailer announced it would allocate proceeds from a $1.3 billion convertible notes offering toward Bitcoin investments.

The company’s revised investment policy now permits a portion of its corporate treasury and future borrowings to be invested directly into Bitcoin and stablecoins.

Despite declining net sales, GameStop holds significant liquidity, reporting cash reserves of $4.77 billion as of February.

This strategic pivot aligns closely with previous Bitcoin adoption moves by firms such as MicroStrategy and Metaplanet, both of which have seen notable stock appreciation after similar announcements.

GameStop’s Bitcoin investment further validates the cryptocurrency’s growing appeal among corporate treasuries, potentially attracting broader institutional participation and strengthening Bitcoin’s market position.

MicroStrategy’s Growing Bitcoin Ambitions

MicroStrategy, now operating as Strategy, could accumulate more than one million Bitcoin by 2033—equating to nearly 5% of Bitcoin’s total supply—according to analysts at Bernstein. Currently, the firm owns approximately 506,137 Bitcoin, purchased at an average cost of $66,608.

Bernstein recently initiated coverage on Strategy’s stock (MSTR) with an “outperform” rating, projecting a 75% potential upside to a target price of $600. Bernstein forecasts Bitcoin reaching $200,000 by 2025 and possibly $1 million by 2033, driven by supportive monetary policies and strong capital markets.

Under bullish market conditions, Strategy’s holdings could reach 5.8% of Bitcoin’s circulating supply.

Strategy’s continued Bitcoin accumulation underscores institutional confidence in Bitcoin as a treasury reserve asset. Nonetheless, short-term volatility persists, with Bitcoin recently trading around $86,982, down 1.33% in the past 24 hours.

U.S. Government Accelerates Digital Payment Transition

President Donald Trump mandated a complete transition to digital federal payments by September 30, 2025, aiming to eliminate paper-based transactions. The administration expects annual taxpayer savings of approximately $657 million through reduced fraud and administrative costs.

The executive order emphasizes electronic fund transfer (EFT) methods, including digital wallets, direct deposits, and debit cards, explicitly ruling out the adoption of a central bank digital currency (CBDC). Trump’s administration maintains a clear stance against government-controlled digital currencies.

This move toward digital payments may indirectly support increased Bitcoin adoption, as users shift toward decentralized digital assets rather than centralized digital currencies.

Bitcoin Price Technical Outlook

Bitcoin (BTC/USD) is consolidating near $87,220 within a symmetrical triangle formation on the 2-hour chart. Price action maintains key support at $86,800, reinforced by the 50-period EMA.

Immediate resistance at $88,800 limits upside momentum, and a confirmed breakout above this level could target $90,750 and $92,800.

On the downside, critical support levels remain at $86,400 and $84,870, with a sustained move below these zones potentially opening the door to $83,200.

The Relative Strength Index (RSI) remains neutral at 51, signaling balanced market sentiment. Traders should monitor volume closely to confirm the next major directional move.

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