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Video game retailer GameStop Corporation (GME) has finished a convertible debt offering that raised $1.5 billion, with proceeds earmarked for buying Bitcoin. GameStop labeled the indenture for its convertible bonds as “Project Rocket” in the file name submitted to the SEC.
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Strategy B founder Michael Saylor makes his most bullish Bitcoin forecast. Michael Saylor says, "If America buys Bitcoin its allies and enemies will have to buy it back at $10 million, $20 million or $50 million a coin. Bitcoin is going to demonetize gold, then it’s going to demonetize real estate that’s 10x more than gold, then it’s going to demonetize every long term store of value." A $500T market cap would make Bitcoin worth more than everything on Earth today.
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Brazil’s Vice President Geraldo Alckmin’s (PSB) chief of staff, Pedro Giocondo Guerra, underscored on Wednesday the importance of establishing a national strategic Bitcoin reserve. Brazil government says Bitcoin Reserve is crucial for national prosperity. Congress already has an active bill to allocate 5% of reserves in BTC.
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Citing the example of Bhutan as a catalyst, Jan3 founder Samson Mow suggests that other resource-rich countries may replicate this Bitcoin country model. Specifically, he points to the Philippines and Indonesia - both known for their untapped geothermal capacity - as “prime candidates” for state-level Bitcoin (BTC) adoption. “I believe there’s a big opportunity for the Philippines and Indonesia to monetize their stranded energy, that geothermal potential,” he notes.
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The White House has revealed that the U.S. could potentially use its gold reserves to acquire more bitcoin, a move that could significantly impact the crypto market. According to Bo Hines, the White House executive director of the president’s council of advisers on digital assets, this strategy would be a budget-neutral way to increase the country's bitcoin holdings.
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Commerce Secretary of the USA Howard Lutnick says, “I want to make the USA $2 trillion, I own $1 Billion of MSTR, $200 million of Bitcoin (that will become billions), and I have authority from the president of the United States to buy Bitcoin in ‘budget neutral fashion’ after we sold $5 billion of gold cards and DOGE (my idea to Elon) is gonna cut $1 trillion from the deficit.”
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Max Keiser who coined the phrase "Bitcoin Global Hash Wars" years back predicts: "If USA buys 1 - 5 million Bitcoin they remove Russia’s ability to de-dollarize the world (and keep inflation as high as they want it - being the world’s no 1 commodity producer). But the US will have to act fast. Once Russia figures this out they will use their ultra-cheap energy and pristine balance sheet to outmaneuver the US and buy 1 -5 million BTC first."
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Jan3 Founder Samson Mow has long been vocal about his $1 million per Bitcoin valuation and, despite all the recent price perturbations of the king crypto, is still standing by his words. Samson Mow says $1 million Bitcoin is coming, and here's when.
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As the U.S. gears up to launch a Strategic Bitcoin Reserve (SBR), spurred by President Trump’s Executive Order, North Korea has slyly vaulted into the top three global holders of bitcoin. This shift comes amid suspicions that a hacking syndicate - suspected to be orchestrated by the North Korean government - has been funneling illicit gains into BTC, turning digital heists into a shadowy national savings account.
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