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GameStop, Stablecoins, and the Strategic Bitcoin Reserve

GameStop, Stablecoins, and the Strategic Bitcoin Reserve

Here’s your Notoko-style weekly roundup — fun, fast, fact-packed, and totally on-brand. Let’s go 👇


🐸 GameStonk 2.0: Now With 1.3 Billion in Bitcoin

GameStop is doing it again — but instead of memes and moon rockets, it’s going full Saylor.

Yep, this week, GameStop officially joined the corporate BTC club. They just dropped a bomb in their 10-K: they’re issuing $1.3 billion in convertible notes to scoop up some Bitcoin. That’s on top of the $4.77 billion they already have chilling in cash. 🚀

What’s the plan? Channel their inner Michael Saylor and leverage debt to buy BTC. Just like Strategy (née MicroStrategy), Metaplanet (Japan), and Matador (Canada). And now… the meme lords of GameStop. Legend.

Ryan Cohen even posed for a pic with Saylor, who captioned it:

“Welcome to Team Bitcoin.”
That's like Satoshi giving you a high five.

If the plan goes through, GameStop will become the 4th-largest public BTC holder, just behind Riot and ahead of Tesla. Not too shabby for a company that closed 590 stores last year.

But wait — there’s more…


🇺🇸 The U.S. Government Is Also Stacking Sats

While GameStop buys BTC with notes, the U.S. is trying to hoard it via executive order.

President Trump’s March 6th “Strategic Bitcoin Reserve” (SBR) order officially bars the government from selling any BTC it already owns (from past seizures), and pushes Treasury and Commerce to figure out how to buy more — without blowing the budget.

Spoiler: that’s not easy.

There are 94 DOJ districts, ongoing court cases, and random BTC sitting in evidence lockers from 2017 busts. Oh, and custody nightmares. So while the plan’s legit, it’ll take time to pull off. But yeah, the U.S. is going bullish on Bitcoin. 🦅📈


💵 STABLEcoin Showdown in Congress

The House just dropped its STABLE Act, while the Senate is still tweaking the GENIUS Act. Both aim to regulate dollar-backed stablecoins, but differ on:

  • Who regulates what (state vs. federal for >$10B)
  • Bankruptcy rules
  • Yield bans
  • Treatment of foreign issuers

Lawmakers want something signed by August 2025. That means regulation could arrive before pumpkin spice season. 🍂

Meanwhile, the private sector is not waiting:

  • Custodia & Vantage: tokenized deposits on public chains.
  • Fidelity: working on its own stablecoin.
  • Tether: now farming in South America. Literally — they bought into Adecoagro, an agri-giant. 🌽💰

Oh, and WLFI (the Trump-affiliated DeFi project) launched USD1, backed 1:1 with Treasuries. Available on Ethereum and BNB, thanks to a BitGo partnership.


👨‍⚖️ Senate Crypto Confirmations: The Avengers Assemble

Big regulatory names got grilled in the Senate:

  • Paul Atkins → SEC Chair pick
  • Jonathan Gould → OCC nominee
  • Luke Pettit → Assistant Treasury Secretary

They all promised the same thing: stop the witch hunt on crypto. Let builders build. Let hodlers hodl.

Gould even said,

“It’s unacceptable to discriminate against lawful businesses — even if they’re politically disfavored.”

Translation: no more Operation Choke Point 2.0.


📊 Charts That Matter

Stablecoins just hit $234.6 billion market cap — a new ATH.
Here’s what’s cooking:

  • USDT dominance: 61.39%
  • USDC: 25.64% (still recovering from that SVB fiasco)

Circle’s playing catch-up, Tether’s printing money (literally), and TradFi wants in.


💡 Final Take

This week showed one thing: Bitcoin is more than a coin — it’s becoming infrastructure.

✅ GameStop is borrowing to buy it.
✅ The U.S. government is locking it in.
✅ Institutions are using stablecoins to move real money.
✅ And crypto-friendly regulators are taking their seats.

All we can say is… brace yourself. The next cycle isn't a wave — it’s a tsunami. 🌊


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