Welcome to This Week in Crypto, where we break down the biggest stories shaping the world of digital assets. From corporate moves to Wall Street milestones, Bitcoin is showing up in all the headlines.

Here’s a quick look at what’s new:

  • GameStop buys Bitcoin: The company confirmed its first-ever Bitcoin purchase—4,710 BTC worth over $300 million.
  • Coinbase joins the S&P 500: Crypto’s biggest U.S. exchange is now part of the iconic stock index.
  • Strategy adds $75M in BTC: Michael Saylor’s firm now holds over $60 billion in Bitcoin.

Let’s dig into each story and explore what they mean for crypto!

GameStop Buys Bitcoin for the First Time

GameStop has made its first official Bitcoin purchase, buying 4,710 BTC. This move follows earlier hints that the company was looking into crypto and other alternative investments. The announcement also comes at a time when more companies are adding Bitcoin to their balance sheets.

  • GameStop’s stock jumped nearly 30% over the past month, with much of that tied to Bitcoin speculation.
  • This is GameStop’s first crypto purchase since it shared plans in March to explore new investment options.
  • The move follows other companies like Metaplanet, Meliuz, and Strategy, which have also invested in Bitcoin recently.

GameStop now joins a growing list of public companies looking to add Bitcoin to their long-term financial plans.

Coinbase Joins the S&P 500

Coinbase, the largest U.S.-based crypto exchange, has officially been added to the S&P 500. This marks the first time a crypto-native company has been included in one of the world’s most recognized stock indexes. The move is being viewed as a milestone for the broader blockchain and digital asset industry.

  • Coinbase is the first crypto firm to meet the index’s requirements.
  • Some see the listing as a step toward bridging the gap between traditional finance and digital assets.
  • The company joins the index during a period of growing institutional interest in blockchain infrastructure.

While it’s unclear if other crypto companies will join the S&P 500 soon, Coinbase’s achievement is a big deal. It shows how far the industry has come.

Strategy Buys More Bitcoin, Now Holds Over $60 Billion

Michael Saylor’s company, Strategy (formerly MicroStrategy), has added another $75 million worth of Bitcoin to its growing collection. This brings its total Bitcoin holdings to around 581,000 BTC—currently valued at over $60 billion. While this was a smaller buy compared to past purchases, the company continues to lean into Bitcoin as its primary asset.

  • The $75 million Bitcoin purchase was Strategy’s smallest in ten weeks, but still pushes their total BTC stash to new highs.
  • Strategy funded the purchase by selling $74 million worth of preferred stock.
  • Company shares dipped slightly after the announcement, though they remain up 26% for the year.

At a recent Bitcoin conference, Saylor spoke to thousands about the power of Bitcoin as a tool to protect wealth—not just for companies, but for individuals too. Even as Bitcoin’s price cools from recent highs, Strategy’s long-term commitment to the asset shows no signs of slowing down.

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