By GameStop’s Bitcoin move is sparking new attention in crypto circles.
Alongside this, MAGACOIN FINANCE is drawing buyers as the next meme coin pick with traders looking for diversification.
GameStop’s Bitcoin treasury boost
GameStop has officially joined the list of major firms holding Bitcoin as part of its corporate balance sheet.
The company reported that it bought $500 million worth of Bitcoin in Q2, which by the end of the period had grown to $528.6 million in value.
That $28.6 million unrealized gain helped offset some of its net losses.
The gaming retailer also revealed it is measuring its holdings using Coinbase pricing, aligning with industry standards.
This puts GameStop among a handful of well-known public companies using Bitcoin as a hedge against weak sales and slowing console demand.
Net sales fell to $674 million in the same period, but cost cuts and its collectibles division supported the balance sheet.
GameStop’s decision to keep Bitcoin on its books signals a treasury approach similar to firms like MicroStrategy and shows how BTC is shaping corporate finance strategies.
Bitcoin pushes GameStop’s stock
The market reacted quickly after GameStop disclosed its Bitcoin holdings. Shares rose 1.5% in regular hours and surged as much as 7% in after-hours trading to $25.29.
With a market capitalization now at $10.55 billion, the boost in confidence is clear.
The stock, however, has remained mostly flat across the past year, dropping by 1.38% and holding a high short interest.
That volatility keeps GME on watchlists for traders.
Still, the Bitcoin position has been seen as a positive step that could set the stage for future support if the crypto market trends higher.
The move also places GameStop alongside a rising number of companies adding Bitcoin to their reserves.
Bitcoin market outlook
While Bitcoin has traded sideways between $110,055 and $116,083 this week, experts suggest a possible surge later this year.
Galaxy Digital’s Mike Novogratz highlighted that corporate treasuries are also exploring altcoins, with some firms like BitMine and Forward Industries piling into Ethereum and Solana.
Still, Novogratz expects Bitcoin to see renewed energy once the U.S. Federal Reserve begins rate cuts.
He also pointed to new regulatory signals, such as Nasdaq filing to allow tokenized versions of stocks and ETFs, as another positive trigger. Bitcoin’s role as a store of value continues to be reinforced while altcoins create additional use cases.
MAGACOIN FINANCE: best meme coin to watch
For traders watching where capital rotates next, MAGACOIN FINANCE is standing out as one of the best meme coins to buy right now.
With thousands already jumping in, buyers see it as a fresh hedge alongside Bitcoin and altcoins.
Many meme tokens have surged 50x in past cycles, and MAGACOIN FINANCE is still early, leaving room for growth as listings on decentralized exchanges approach.
Audits and verification add a layer of trust, while its smaller size compared to older tokens makes it easier for new buyers to enter.
With activity growing by the hour and FOMO building, this altcoin is drawing serious curiosity from retail traders.
What traders should do next
GameStop’s Bitcoin bet shows how crypto is becoming part of mainstream strategies.
For individual traders, the same principle applies: balancing Bitcoin with altcoins can open new opportunities.
Those looking for meme coin exposure should act early — visit the official MAGACOIN FINANCE channels to learn more and join before listings arrive.
- Website: https://magacoinfinance.com
- X: https://x.com/magacoinfinance
- Telegram: https://t.me/magacoinfinance
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