Latest news with #digitalAssets
Bloomberg
3 days ago
- Business
- Bloomberg
‘Crypto ETF Summer' Kicks Off With New Blockchain-Powered Trade
Wall Street is about to get its first taste of a new kind of cryptocurrency product as the Trump administration eases the regulatory grip on the digital-asset industry. A new yield-chasing crypto fund tracking Solana has been cleared for debut and plans to launch Wednesday, according to a person familiar with the matter who asked not to be identified, capping months of back-and-forth with US regulators.
Forbes
3 days ago
- Business
- Forbes
GameStop And Trump's Bitcoin Buys: What It Means For Future Crypto Adoption In 2025
A clear legal framework is needed to support regulatory consistency and provide the stability ... More required for broader institutional participation in bitcoin. Institutional adoption of bitcoin is gaining new momentum in 2025, driven by high-profile developments in both the private and public sectors. GameStop's purchase of 4,710 bitcoin and a $2.5 billion bitcoin initiative from Trump Media highlight how digital assets are entering mainstream financial strategy. This article explores the cascading effects of GameStop and Trump Media publicly adding bitcoin to their balance sheets, indicating a growing institutional interest in digital assets. It also examines how President Trump's executive actions are reshaping the federal approach to digital assets and what these combined developments could mean for the future of institutional crypto adoption in the United States. GameStop's Strategic Bitcoin Acquisition In May 2025, GameStop announced it had purchased 4,710 bitcoin, confirming the acquisition in a press release on May 28. The purchase reflects a growing trend among public companies using bitcoin as a treasury asset and positions GameStop alongside other firms integrating digital assets into their balance sheets as a potential hedge against economic uncertainty. CEO Ryan Cohen addressed the decision in a recorded interview at the 2025 Bitcoin Conference in Las Vegas. He described bitcoin and gold as 'hedges against global currency devaluation and systemic financial risk.' When asked whether GameStop planned to increase its holdings, Cohen said the company's future strategy remains undecided and emphasized that it will continue making decisions based on what aligns best for the company as a whole. Trump's Administration and Crypto Initiatives Since taking office for his second term in 2025, U.S. President Donald Trump has aggressively advanced crypto-friendly policies to position the U.S. as 'the crypto capital of the world.' On January 23, 2025, the President signed Executive Order 14178, 'Strengthening American Leadership in Digital Financial Technology,' revoking prior guidance on a central bank digital currency and creating a working group to develop a federal regulatory framework for digital assets. On March 6, President Trump issued Executive Order 14233 establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile funded with cryptocurrencies seized through forfeiture proceedings. These initiatives reflect a clear shift in policy, treating digital assets as reserve holdings alongside more traditional stores of value. In addition to executive action, the Trump administration has shifted its approach to regulatory enforcement. Leadership changes at key agencies included the appointment of Paul Atkins, a proponent of digital assets, as Chair of the Securities and Exchange Commission and the disbanding of the Justice Department's crypto enforcement unit. Legal proceedings involving major platforms such as Coinbase and Binance have been paused or dismissed under updated guidance from the administration's crypto task force. Separately, Trump Media and Technology Group launched a $2.5 billion initiative to build a bitcoin treasury, with custody provided by Anchorage Digital and These developments reflect a broader strategy to integrate digital assets into government policy and private-sector activity. The Impact On Institutional Crypto Adoption GameStop's bitcoin purchase marks a notable example of a public company allocating digital assets as part of its treasury strategy. The company's decision to acquire 4,710 bitcoin and publicly disclose the move highlights a growing corporate interest in alternative value stores. While not unprecedented, GameStop's actions add to the visibility of bitcoin as a financial asset and may prompt further examination of similar strategies among other publicly traded firms. In parallel, the Trump administration introduced a series of executive actions that frame digital assets as legitimate components of the U.S. financial system. Establishing a Strategic Bitcoin Reserve, prohibiting a central bank digital currency and creating a federal working group on digital asset markets represent a coordinated policy shift. These developments have altered the regulatory environment, potentially shaping how institutions approach compliance, custody and long-term planning for digital asset involvement. Regulatory Landscape The regulatory environment for digital assets is changing, accompanied by increased engagement from businesses and individual investors. President Trump's executive actions related to digital assets have shifted the federal approach, introducing a new perspective on how executive agencies treat digital assets. These developments have taken place amid broader interest in digital assets across the private sector, as companies and financial service providers explore potential uses within existing economic and technological systems. Despite these developments, Congress has not passed any federal legislation to formalize the new direction. The current framework is based solely on executive orders, which future administrations can revise or reverse. As a result, the long-term regulatory outlook remains uncertain. A comprehensive legal framework is needed to establish lasting economic stability and support sustained institutional adoption of digital assets. Legislative clarity also helps standardize compliance, reduce risk and encourage broader market participation. The Outlook Of Institutional Crypto Adoption In the short term, institutional interest in digital assets is gaining traction. High-profile moves by companies like GameStop and President Trump's actions have contributed to a more open environment for exploring bitcoin as part of financial strategies. Custodial partnerships, treasury allocations, and public disclosures are becoming more common as institutions test limited exposure to digital assets within existing risk frameworks. Over the long term, the outlook for institutional adoption will likely depend on establishing a clear and consistent regulatory foundation. While executive orders and market signals have shaped current policy, the absence of formal legislation leaves room for uncertainty. The passage of comprehensive federal laws could provide the stability and legal clarity needed to support broader integration of digital assets across the financial system. Bottom Line Momentum is growing in digital asset adoption, including GameStop's bitcoin purchase and new executive actions, which show a deepening alignment between digital assets and institutional finance. These signals suggest that bitcoin is becoming more accepted in both corporate strategy and federal policy, with increasing visibility in treasury management and government planning. However, these shifts rely on executive authority rather than formal legislation. Long-term adoption remains uncertain without a federal law to anchor the current direction. A clear legal framework is needed to support regulatory consistency and provide the stability required for broader institutional participation. In the meantime, companies and investors are navigating a landscape shaped by executive orders and market momentum, while watching closely for legislative efforts that could define the future of digital asset integration.
Yahoo
25-06-2025
- Business
- Yahoo
1 Top Cryptocurrency to Buy Before It Soars 2,200%, According to Cathie Wood
A closely followed investor believes this leading digital asset will be adopted more widely throughout the rest of this decade. No matter how exciting price targets sound, investors should always take them with a grain of salt. It's important that those who are looking to add this crypto to their portfolios build their own conviction. 10 stocks we like better than Bitcoin › Cathie Wood has become a popular figure in the investment world in recent years because of how her firm, Ark Invest, focuses on the most innovative and disruptive businesses. The asset manager offers many different exchange-traded funds that investors can choose based on their interests. Additionally, Wood gets a lot of attention because of her bold predictions. It's not necessarily surprising that cryptocurrencies are on Wood's radar, simply because of the potential for blockchain technology. There's one top digital asset that Wood and her team are incredibly bullish on. In her firm's updated bull case scenario, there is 2,200% upside between now and 2030. Here's what you need to know about this cryptocurrency. Investors should understand the thinking behind Wood's noteworthy prediction, which concerns Bitcoin (CRYPTO: BTC), the world's most valuable cryptocurrency. At a high level, the thesis is fairly straightforward. It mainly centers on Bitcoin being owned by more market participants in some form or fashion. For instance, Ark Invest thinks Bitcoin will become a more popular holding for institutional investors. The bull case estimates 6.5% of the assets in these portfolios find their way to Bitcoin. The view also includes Bitcoin being adopted as a form of digital gold, which might be the most popular way that the crypto is perceived today. Both are discussed side by side because they are scarce assets that are global in nature and that have no counterparty risk. Another key contributor to the thesis is that citizens in emerging markets will start to convert more of their local currency holdings into Bitcoin. Owning Bitcoin, despite its volatility, makes sense for people who live in unstable economies that deal with political corruption and that experience inflationary pressures. On the morning of June 20, Bitcoin's price was $104,270. Ark Invest's 2030 bull case has a price target of $2.4 million. That translates to unbelievable upside of about 2,200%, or a compound annual rate of 69%. In the past five years, Bitcoin's price has climbed at a yearly pace of 27%. So clearly, Wood and her firm could not be any more optimistic about Bitcoin's potential throughout the rest of this decade. The average investor can easily find themselves hanging onto every word Wood says. After all, who wouldn't like to see an asset rise 23 times in price? This could generate serious wealth for investors who have the same view. But it's important that all price predictions are taken with a grain of salt. No one has any idea how things will eventually look. That's particularly true with something like Bitcoin that is still pretty early on with its adoption and development curve. Moreover, there remain technical risks, as well as uncertainty around how regulations will evolve. Investors shouldn't blindly follow what a prominent professional investor says. It's worth taking the time to build your own conviction. With that in mind, I believe there is one very important factor that makes Bitcoin a compelling asset to own for the long haul. The top characteristic is that there is a fixed supply cap, with a maximum of 21 million Bitcoin units that will ever be in circulation. This is written in the Bitcoin software, and it's agreed upon by all nodes. Furthermore, the cap is enforced by a halving, which reduces the new supply of Bitcoin that's mined on a roughly four-year schedule. It's easy to be bullish on Bitcoin and its hard supply cap when looking at the current state of the financial system. The M2 money supply has absolutely skyrocketed in the past two decades, driven by stimulative measures by central banks that lead to rising debt levels. There is no end to this trend. I believe long-term investors with a time horizon of at least a decade should have some Bitcoin exposure. However, I don't think the digital asset's price will reach Wood's target by 2030. It's more realistic to expect the gains going forward to be less than the past. Even in this scenario, there is sizable upside. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $676,023!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,692!* Now, it's worth noting Stock Advisor's total average return is 793% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. 1 Top Cryptocurrency to Buy Before It Soars 2,200%, According to Cathie Wood was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
24-06-2025
- Business
- Bloomberg
San Antonio Spurs Signs Sponsorship Deal With Crypto Firm Ledger
The San Antonio Spurs have signed a multi-year front of jersey patch deal with French digital assets firm Ledger SAS, as crypto companies return to sports sponsorships following a rally in virtual currency prices. The Spurs will debut their new Ledger-branded jerseys at the NBA draft this week where they will be presented to their first-round picks, the companies said in a statement. The financial terms of the deal were not disclosed.
Forbes
18-06-2025
- Business
- Forbes
Crypto Goes Corporate As A New Wave Of Public Companies Buy Bitcoin
So called crypto treasury companies, public firms that focus on acquiring digital assets like bitcoin, have become one of the most talked-about trends of 2025, and for good reason. These firms are raising money, merging with public shells and buying up tokens at breakneck speed turning themselves into vehicles for institutional and retail investors to gain exposure to digital assets without the hassle of operating in the murky netherworld of hackable crypto exchanges and digital wallets. The bitcoin treasury strategy pioneered by billionaire Michael Saylor's MicroStrategy, which now calls itself Strategy, remains dominant: more than 70 public companies around the world currently hold over $67 billion worth of the asset. But the sheer velocity of capital deployment for crypto treasuries at large is jaw-dropping. Since April, more than 30 public companies have announced plans to adopt similar strategies, targeting about $19 billion in capital raises, according to Elliot Chun of Architect Partners, a Palo Alto-based financial advisory firm. Just last week, the president's Trump Media and Technology Group, which operates the Truth Social social-media platform, announced it had secured $2.3 billion through a sale of its equity and convertible notes, marking one of the largest bitcoin treasury deals to date. And on Monday, billionaire Justin Sun, a major backer of the Trump family's crypto ventures, revealed that his digital asset platform, Tron, will go public in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment. As part of the deal, Tron will inject up to $210 million worth of its namesake token into the new company. The stocks of many of these unproven companies are soaring. Janover, a commercial property financing platform, has surged more than 5,300% since April, when it adopted a solana-focused strategy and rebranded as DeFi Development Corporation. Japan's hotel chain-turned-hodler MetaPlanet is up 472% year-to-date. Strategy, Michael Saylor's bitcoin-brimming firm, whose stock has gained 30% year-to-date, has soared 3,000% over the past five years. Most of these crypto Johnny-come-latelies are simply capitalizing on the investor hype and enthusiasm around crypto, now that the U.S. government appears to be in full embrace of the industry. Leverage is another driver of these stocks. Nearly all of these firms are adding crypto to their balance sheets after issuing convertible debt or equity similarly to the funding employed by Strategy. Leverage amplifies returns, so when bitcoin and other crypto prices are rising these stocks can produce bigger gains. Another factor is volatility, which hedge funds and options traders crave. These publicly-traded entities, stuffed with leveraged crypto, tend to gyrate wildly with the underlying asset and thus have high implied volatility. They are a speculative trader's dream. 'There are now a variety of investors that want to access [crypto] risk in a regulated fashion that fits within their investment mandate, and what these treasury companies are permitting is essentially creating lots of different vehicles to do that,' says Jeff Park, head of alpha strategies at crypto asset manager Bitwise. But it's not just leverage and volatility that set these companies apart. Operating in public markets, rather than the murky world of crypto trading, has allowed them to scale rapidly. By listing on major exchanges, they gain access to deep institutional capital markets, allowing them to raise billions almost overnight and place outsized bets that private firms simply can't match. The ability to borrow cheaply and easily is a big part of the new wave of crypto treasury firms' allure, notes Park. Since traditional IPOs are costly, often require teams of lawyers and can take years, these Strategy-wannabes are instead tapping Special Purpose Acquisition Companies, known as SPACs, or finding existing public shells—micro-cap companies ripe for what is known as a reverse-merger. Take Twenty One Capital, backed by Tether and SoftBank, which is merging with the blank check affiliate of the Lutnick family's Cantor Fitzgerald at a $3.6 billion enterprise value. Less than two months ago the SPAC, Cantor Equity Partners, traded for $10.80. Today it trades at $35 despite the fact that the merger has not yet been completed. Or consider former presidential candidate Vivek Ramaswamy's Strive Asset Management, which in May announced a reverse merger with Asset Entities, an $86 million provider of content delivery solutions that had otherwise been languishing, to buy bitcoin. Since the announcement, Asset Entities' stock went from around $0.60 to as high as $13, and now trades for $5.42. "The price action that is currently being seen is before these transactions have been consummated, and that is a little bit unnerving,' adds Park who believes the good times will continue for these corporate early adopters. 'If you believe there's a wall of money coming to buy bitcoin and everyone's waiting on the sidelines to get their deals approved, well you better hope that you can do it first,' he says. Park believes that much of the excitement around these new corporate crypto treasuries stems from anticipated returns: 'What we haven't seen yet is an aggressive exploration of the left side of the balance sheet, which is actually generating worthwhile yield and return through the bitcoin that is being held in these operating companies.' Additionally, the crypto these companies are buying is effectively being taken off the market. This creates scarcity, which can magnify price swings and accelerate tokens' rise, potentially making these treasury strategies even more impactful from a return standpoint. Architect Partners' Chun is wary of the rapid balance sheet build up among the new digital asset buyers. 'This is financial engineering at its best,' he warns. 'Straight equity, PIPEs, convertible notes, ATMs—it's an MBA course on its own in every different structure for public equity one can think of.' Video game retailer GameStop is using more than $3 billion in convertible debt to finance its new bitcoin buying strategy. How will Game Stop, which has already spent $500 million on bitcoin, generate a return on its new treasury asset? No details are available yet, but as long as its stock gets carried higher with the prices of crypto, it may not matter to management of the one-time meme stock favorite. 'You have a whole lot of hype. You have a lot of people who aren't crypto-native, who are new to this and don't understand the intricacies of operating with this asset class,' says Chun. 'Being in crypto this long, you're always looking for the next thing that will take us down to our next winter. This definitely has the makings of something like that.'
