Are you ready for some exciting news in the world of cryptocurrencies? Brace yourself as GameStop, the well-known video game retailer, has just dived into the crypto realm by acquiring a whopping 4,710 Bitcoin valued at around $513 million. This move marks a significant milestone as more and more companies are jumping on the Bitcoin bandwagon, adding this digital asset to their financial portfolios in 2025.
The Strategic Bitcoin Leap by GameStop
GameStop's Bold Move
GameStop's recent announcement of snapping up a substantial amount of Bitcoin has set the industry abuzz. This strategic shift in their treasury management playbook mirrors the approach taken by other visionary companies.
The Corporate Bitcoin Rush
A Trend on the Rise
The surge in corporate adoption of Bitcoin is hard to miss, with a growing number of public companies unveiling their Bitcoin treasury initiatives. Notable newcomers to this trend include 21 Capital, Strive, H100 Group, and many others.
Impacts and Implications
GameStop's Market Moves
Following this bold move, GameStop saw a 4.4% increase in shares during pre-market trading, coinciding with Bitcoin hovering around the $108,900 mark. With approximately 10.7% of its liquid assets now in Bitcoin, this investment showcases GameStop's confidence in the future of digital currencies.
The Ripple Effect
Corporate Domino Effect
GameStop's foray into Bitcoin echoes similar strategies adopted by major corporations like Tesla, with its substantial Bitcoin holdings, and plans by Trump Media and Technology Group to raise funds for Bitcoin acquisitions. This chain reaction among industry giants hints at a broader acceptance of Bitcoin as a treasury asset.
As the crypto market reacts to this monumental institutional move, Bitcoin is currently trading at $108,900, marking a slight decrease of 0.68% over the past 24 hours.
Excited about GameStop's bold leap into the world of Bitcoin? Dive deeper into the details of this groundbreaking move in the original Bitcoin Magazine article.
Frequently Asked Questions
Are gold IRAs a good investment?
You can invest in gold by purchasing shares in companies that mine it. You should buy shares in these companies to make money from investing in gold and other precious metals such as silver.
But, owning shares in direct form has two downsides:
You can lose money if you hold onto your stock too long. When stocks decline, they fall further than their underlying asset (like gold). That means you could end up losing money instead of making it.
Second, you could miss out on potential profit if you wait for the market to recover before you sell. So you may need to be patient and let the market recover before you profit from your gold holdings.
You can still enjoy the benefits of physical gold if your investments are separate from your finances. An IRA with gold can diversify and protect your portfolio against inflation.
Visit our website to find out more about investing in gold.
Can I store my Gold IRA at Home?
Investing in an online brokerage account is the best way to keep your money safe. You will have the same investment options available as traditional brokers, but you won't need special licenses. Plus, there are no fees for investing.
A lot of online brokers offer tools for managing your portfolio. To see the performance and trends of your investments, you can download charts from these brokers.
Can a gold IRA make you money?
The answer is yes, but not as much as you think. It depends on how much you're willing to risk. It's possible to retire with $1 million if your retirement age is reached if you are able to put aside $10,000 per year for 20 consecutive years. You'll end up losing everything if you place all your eggs in the same basket.
Diversifying your investments is important. Gold does well when there is inflation. You want to invest in an investment asset that rises with inflation. Stocks do this well because they rise when companies increase profits. This is also true of bonds. They pay interest each and every year. They are great in times of economic growth.
But what happens if inflation is not present? In deflationary periods stocks and bonds both fall in value. Investors should not put all of their savings in one investment such as a stock mutual fund or bond.
Instead, they should combine different types funds. They could invest in stocks or bonds. They could invest in both cash as well as bonds.
By doing so, they are exposed to both the positive and negative sides of the coin. Inflation and depression. They will still see a return in time.
Are precious metal IRAs a smart investment?
It all depends on your willingness to take the risk of an IRA account losing its value. These are good if you have $10,000 of cash and don't expect them grow quickly. However, if you plan on saving for retirement over several decades and want to invest in assets that are likely to increase in value (gold), these may not be the best choice. These fees can reduce any gains.
Which is stronger? 14k Gold or Sterling Silver?
While gold and silver are both strong metals but sterling silver is less expensive than silver because it contains 92% pure Silver rather than 24%.
Sterling silver is sometimes called fine silver. This is because it is made with a mix of silver and different metals like copper or zinc.
Gold is generally considered to be very strong. It can only be broken apart by extreme pressure. If you dropped an object onto a piece or gold, it would break into thousands instead of two halves.
On the other hand, silver is not nearly as strong as gold. If you dropped something onto a sheet made of silver, it would most likely bend and fold easily without breaking.
It is commonly used in coins and jewelry. The price of silver can fluctuate according to supply and demande.
What are the different types of IRA?
There are three main types of IRAs. Each type has its advantages and limitations. Each type will be covered in detail below.
Traditional Individual Retirement Accounts (IRA)
A traditional IRA allows you contribute pretax money to an account which can be used to defer taxes and earn interest. When you retire, your withdrawals are not subject to tax.
Roth IRA
Roth IRAs allow you after-tax dollars to be deposited into an account. Any earnings will grow tax-free. You can also withdraw money from the account to retire your funds tax-free.
SEP IRA
This is similar to a Roth IRA, except that it requires employees to make additional contributions. The additional contributions are subject to tax, but earnings accrue tax-deferred. The entire amount can be converted to a Roth IRA if you are leaving the company.
How do I choose an IRA?
Understanding your account type is the first step to finding the best IRA. This is whether you want a Roth IRA, a traditional IRA, or both. Also, you should know how much money is available for investment.
The next step in determining the right provider for your situation is to decide. Some providers offer both accounts, while others specialize in just one type.
Consider the fees that come with each option. Fees may vary from one provider to another and could include annual maintenance fees as well. Some providers charge a monthly cost based on how many shares you own. Others only charge once per quarter.
Statistics
- SEP-IRA”Simplified employee pension” For self-employed people like independent contractors, freelancers, and small-business ownersSame tax rules as traditional IRASEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less4. (sltrib.com)
- Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
- The maximum yearly contribution to an individual's IRAs is currently $6,000 ($7,000 for those 50 years or older), or 100% of earned income, whichever is less. (monex.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
External Links
investopedia.com
en.wikipedia.org
takemetothesite.com
wsj.com
How To
Best Precious Metals Ira in 2022: Things to Remember
Precious Metals Ira is one of the most popular investment options among investors. This article will provide information on how to understand the appeal of precious metals ira and make sound investment decisions.
These assets are renowned for their long-term potential growth. Gold prices have been able to show remarkable returns over the past 200 years, according to historical data. Over the past 200 years, gold has increased from $20 per ounce to almost $1900 per ounce. In comparison, the S&P 500 Index only grew by around 50%.
During economic uncertainty, gold can also be considered a refuge. When the stock market suffers bad days, people tend to sell stocks and move into the safety of gold. As an inflation hedge, gold is also thought to be a good investment. Many economists believe that there will always exist some level of inflation. Accordingly, many economists believe that inflation will always be present. Therefore, physical gold can be considered a way for you to safeguard your savings from future price rises.
But before buying any precious metal like silver, gold, platinum, or palladium, there are certain things to consider. First, you should know whether you want to invest in bullion bars or coins. Bullion bars can be bought in large quantities (like 100-ounces) and kept aside until required. The coins are smaller versions than bullion bars and can be used to purchase small quantities of bullion.
The second is to think about where you intend to store precious metals. Some countries are more safe than others. You might find it more sensible to store your precious materials overseas if you are a resident of the US. But if you're planning on storing them in Switzerland, you might want to ask yourself why.
Finally, you should decide whether you want to invest directly in precious metals or through “precious metals exchange-traded funds” (ETFs). ETFs track the performance of various commodities such as gold and are financial instruments. These can be used to gain exposure to precious metals, without the need to own them.
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By: Vivek Sen
Title: GameStop Makes a Splash with $513 Million Bitcoin Purchase
Sourced From: bitcoinmagazine.com/news/gamestop-buys-513-million-worth-of-bitcoin
Published Date: Wed, 28 May 2025 12:24:47 +0000
