LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) -- BitMine Immersion Technologies, Inc. (“BitMine” and the “Company”) (NYSE American: BMNR), a technology company focused on the accumulation of Bitcoin for long-term investment, whether acquired by their Bitcoin mining operations or from the proceeds of capital raising transactions, today announced that it has completed all purchases of Bitcoin for its treasury from the proceeds of BitMine’s recent offering of shares of common stock, which closed on Friday, June 6, ...

Group 1: Company Overview - GameStop has been struggling as the gaming market shifts to digital downloads, but gained attention during the meme stock frenzy of 2020 and 2021, with renewed interest last year [1] - The company currently holds approximately $6.4 billion in cash and equivalents against a market cap of $10 billion [2] Group 2: Bitcoin Investment Strategy - GameStop has invested around $500 million in Bitcoin by purchasing 4,710 Bitcoins [4] - The company plans to increase its Bitcoin holdings through a $2.25 billion convertible note offering, which allows debt holders to convert their debt into common stock at a specified price [5][6] - The initial conversion price for the notes is set at $28.91 per share, requiring a 28% increase in stock price for conversion to be beneficial [6] Group 3: Rationale Behind Bitcoin Investment - GameStop's CEO stated that the investment in Bitcoin is aimed at protecting against macroeconomic concerns, leveraging Bitcoin's fixed supply and non-governmental nature [8] - This strategy mirrors that of other companies like Strategy (formerly MicroStrategy), which has seen significant stock price appreciation since investing in Bitcoin [9] Group 4: Market Reaction - Investor sentiment appears skeptical regarding GameStop's strategy of holding large amounts of Bitcoin, especially when financed through debt [10] - GameStop's stock has experienced a decline of about 20% over the past month, with notable drops following announcements related to Bitcoin investments [11]

Core Viewpoint - GameStop has faced significant challenges due to the shift to digital gaming, leading to revenue declines and stock price volatility since the 2021 short squeeze [1][4][10]. Group 1: Company Challenges - GameStop's revenue growth has been negatively impacted by the transition to digital downloads, which began before the short squeeze and worsened during the COVID-19 lockdowns [4][10]. - The company has seen its stock price decline since the short squeeze, which was fueled by retail investors buying shares, causing a rapid increase in stock price followed by sharp declines [6][10]. Group 2: Cost-Cutting Measures - In response to its financial struggles, GameStop has aggressively cut costs, including closing 590 U.S. stores in 2024 and planning to exit markets in France and Canada [7][8]. - The company aims to focus on profitability and expand its market by selling graded collectibles and enhancing its online and in-store presence [8][14]. Group 3: Recent Developments - GameStop's stock has dropped 15% in the past 10 days, partly due to its announcement of investing in Bitcoin and a private offering of $1.3 billion in convertible senior notes [10][11]. - The company made its first Bitcoin investment by purchasing 4,710 Bitcoin, which raised concerns among investors about the volatility of cryptocurrency and its impact on long-term growth [11][13]. Group 4: Future Outlook - Despite cost-cutting measures leading to some earnings gains, GameStop's revenue growth prospects remain unclear, raising questions about its future product and service offerings [14]. - The company's strategy to invest in Bitcoin could be beneficial, but it does not address the fundamental issue of revenue growth [14].

Core Insights - ATIF Holdings Limited is expanding into the Bitcoin sector with a five-year plan to accumulate 1,000 BTC through direct purchases and mining operations [1][3] - The company has chosen West Texas for its mining operations due to favorable regulatory conditions, affordable land, and competitive electricity costs [1][2] - The CEO emphasized Bitcoin as a long-term store of value and a strategic asset for growth, highlighting the importance of energy efficiency and sustainable operations in their mining facilities [2] Company Strategy - The company plans to implement a hybrid approach that includes both direct acquisition of BTC in the open market and the establishment of proprietary mining facilities [1][6] - ATIF Holdings aims to optimize cost control and scalability by focusing on energy-efficient mining operations [2] Industry Context - The move into Bitcoin mining represents a significant evolution in ATIF Holdings' business model, showcasing its commitment to innovation and long-term value creation in emerging technologies [3] - The broader industry trend is towards responsible and forward-looking crypto infrastructure development, which aligns with the company's planned operations [2]

NEW YORK, May 26, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against MicroStrategy Incorporated d/b/a Strategy ("Strategy" or the "Company") (NASDAQ: MSTR) and certain officers. The class action, filed in the United States District Court for the Eastern District of Virginia, and docketed under 25-cv-00861, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Strategy securities between April 30, ...

Core Viewpoint - A securities class action lawsuit has been filed against MicroStrategy Incorporated, alleging misleading statements regarding its bitcoin-focused investment strategy and treasury operations during the class period from April 30, 2024, to April 4, 2025 [1][2]. Group 1: Allegations of Misleading Statements - The complaint claims that the defendants overstated the anticipated profitability of the company's bitcoin-focused investment strategy and treasury operations [3]. - It is alleged that the risks associated with bitcoin's volatility and potential losses from the company's digital assets were understated [3]. - The public statements made by the defendants were deemed materially false and misleading throughout the relevant period [3]. Group 2: New Key Performance Indicators - The company introduced new key performance indicators (KPIs) such as "BTC Yield," "BTC Gain," and "BTC $ Gain" to measure its financial results, which were intended to help the market assess its bitcoin acquisition strategy [2]. Group 3: Legal Proceedings - Investors who acquired shares of MicroStrategy are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on July 15, 2025 [4].

Strategy (NASDAQ: MSTR) stock climbed $4,78 (1,20%) from its latest closing price of $399.80 to its Monday price of $404,58 as the company revealed that a class-action lawsuit is targeting it.Strategy has acquired 7,390 BTC for ~$764.9 million at ~$103,498 per bitcoin and has achieved BTC Yield of 16.3% YTD 2025. As of 5/18/2025, we hodl 576,230 $BTC acquired for ~$40.18 billion at ~$69,726 per bitcoin. $MSTR $STRK $STRF https://t.co/QwYKgLkfPX— Michael Saylor (@saylor) May 19, 2025 Although most investors ...

The FT does this kind of lighthearted thing every year where we have a stock picking competition and in my list of shorts I put Micro Strategy and I got annihilated and what I want to do is understand what it is that I'm missing here. Okay. Um what are people missing about Bitcoin and what are they missing about strategy.This is Michael Sailor. His company, Strategy, owns more Bitcoin than any other on the planet. Right now, that's about $50 billion worth.And in the crypto world, that makes him kind of a bi ...

Core Viewpoint - The article discusses the transformation of Strategy (formerly MicroStrategy) into a Bitcoin treasury, highlighting the emergence of a new company, Twenty One, which aims to focus exclusively on accumulating Bitcoin for shareholders [1][2][4]. Group 1: Company Transformation - Strategy has shifted from being an enterprise software provider to primarily accumulating Bitcoin, with CEO Michael Saylor likening the stock to a leveraged Bitcoin ETF [1]. - The stock has gained popularity as Bitcoin's value has increased significantly over the past five years [2]. Group 2: Emergence of Twenty One - Twenty One, a new Bitcoin treasury backed by Tether, Bitfinex, and SoftBank, plans to go public via SPAC and aims to eliminate unrelated business activities to focus solely on Bitcoin accumulation [4][5]. - Following the announcement of its merger with Cantor Equity Partners, shares of Cantor tripled in value, reflecting investor excitement [5]. Group 3: Financial Projections - The merger gives Cantor a market value of approximately $400 million, with a $100 million cash pile for a 2.7% stake in Twenty One post-merger [6]. - Twenty One aims to establish a treasury of 42,000 Bitcoins, building on $3 billion worth of Bitcoin supplied by its backers [6]. Group 4: Valuation Insights - Investors are valuing Twenty One's planned Bitcoin holdings at nearly four times their actual value, with 2.7% of 42,000 Bitcoins worth about $108 million [7][8]. - The strategy of increasing Bitcoin per share is expected to provide a yield for investors, which is currently impractical for most Bitcoin holders [9]. Group 5: Comparison with Strategy - Strategy's stock trades at about twice the value of its Bitcoin treasury, allowing it to sell shares and reinvest in Bitcoin, thereby increasing stock value [10]. - The company's board has authorized a significant increase in share count, raising concerns about the risks associated with leveraged exposure to Bitcoin [11]. Group 6: Investor Expectations - Investors in Twenty One are anticipating even greater increases in Bitcoin per share compared to those in Strategy, as articulated by CEO Jack Mallers [12]. - While potential returns are high if Bitcoin appreciates, the volatility of Bitcoin poses significant risks, making the premium above net asset value a questionable investment [13].

In four of the past five years, Bitcoin (BTC -0.41%) has been the top-performing asset in the world, and it hasn't even been close. In 2020, 2023, and 2024, Bitcoin delivered triple-digit returns to investors. Over the past five years, Bitcoin is now up a head-spinning 956%.It might seem unfathomable, then, that any stock could possibly surpass Bitcoin's performance over that time interval. So you might be surprised that Strategy (MSTR 3.21%) -- the company formerly known as MicroStrategy -- has done exactl ...