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PLUS: GameStop goes all in
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GM to all of you nutcases. It’s Crypto Nutshell #584 stayin’ lucky… 🐈⬛🥜
We're the crypto newsletter that's more thrilling than a getaway driver caught between loyalty and survival... 🚗🔫
What we’ve cooked up for you today…
😲 They did it
🦖 Time to evolve
📈 All-time high
💰 And more…
Prices as at 3:10am ET
THEY DID IT 😲
BREAKING: GameStop to add Bitcoin to Balance Sheet
They finally did it…
GameStop just joined the corporate Bitcoin club.
In a move that was heavily hinted at, the video game retailer has officially added Bitcoin to its treasury reserve strategy.
However, no amount has been disclosed yet.
Not to toot our own horn or anything…
But we did predict this move all the way back in July of last year:
“GameStop is massively cashed up… Ryan Cohen (GameStop CEO) would know that it’s losing value and he would know the value in the Bitcoin strategy that MicroStrategy has demonstrated.”
What influenced their decision?
This story really started heating up back in February when GameStop CEO Ryan Cohen posted a photo of himself with Michael Saylor.
Interestingly, this photo was taken at Mar-a-Lago. 👀
Around the same time, CNBC reported that GameStop was exploring investments in crypto.
Soon after that, Strive Asset Management (co-founded by Vivek Ramaswamy) publicly urged GameStop to "become the premier Bitcoin treasury company in the gaming sector."
Cohen’s reply?
Just two words: “Letter received.”
Now, just weeks later, here we are…
In its Q4 earnings report, GameStop confirmed it has updated its investment policy:
“The Company’s investment policy permits investments in certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stablecoins.”
But here’s where it gets real crazy.
GameStop is sitting on $4.77 billion in cash as of February 1.
That gives them massive dry powder to deploy and potentially announce a seriously large Bitcoin buy.
But for now…
The board has approved it. And the market is watching. 👀
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TIME TO EVOLVE 🦖
Mathematician Fred Krueger has historically been one of Bitcoin’s loudest believers.
But even he’s now saying what we’ve been saying for months:
Altcoins might just outperform in 2025.
Who is Fred Krueger?
A mathematician with a Ph.D. from Stanford 📐
10+ years on Wall Street 💼
A serial entrepreneur with multiple 8-figure exits 💰
And until recently… a proud Bitcoin maxi 🧡
But that mindset is shifting.
This week, Fred posted this:
That’s not a knock on Bitcoin — but it is a wake-up call about usage.
Then, he dropped this:
The message is clear:
In 2025, even Fred Krueger sees diversification as the smarter play.
Historically, 2025 is an altcoin year.
And when even OG maxis start rotating into alts - you don’t want to be late to the party.
If your portfolio is 100% Bitcoin, you might be leaving serious gains on the table. 👀
ALL-TIME HIGH 📈
Today we’ll be taking a look the overall stablecoin supply.
Stablecoins are the backbone of crypto liquidity, used for seamless trading and instant cross-border transactions.
The chart below tracks the aggregate change in the total stablecoin market cap.
🟢 Increased stablecoin supply: increased demand and capital inflows into the digital asset space 🐂
🔴 Contractions in stablecoin supply: net capital outflows from digital assets 🐻
The last time we checked in on this metric, the stablecoin market cap was ~$204.55 billion. (12th of March)
Today that number has climbed to ~$207.02 billion. 📈
That’s an increase of ~$2.47 billion in the last two weeks.
And guess what?
It also marks another all-time high!
Stablecoins are on a tear in 2025, with a YTD increase of $21.97 billion. (And rising)
So why does this matter?
Simply put:
Stablecoin liquidity is one of our key indicators for altseason
More stablecoins in circulation = more dry powder to fuel larger pumps across the altcoin market. 💥
CRACKING CRYPTO 🥜
Trump Media to launch crypto ETFs on Crypto.com amid CRO controversy. Crypto.com set to enhance crypto accessibility with TMTG's new ETFs despite community skepticism over recent CRO supply controversy.
eToro trading platform publicly files for US IPO. Crypto-friendly trading app eToro files for a Nasdaq IPO, aiming for a $5 billion valuation, after past attempts to go public in the United States.
BlackRock to List Bitcoin ETP in Europe in First Crypto Foray Outside U.S. BlackRock's IBIT is by far the largest of the 12 spot bitcoin ETFs listed in the U.S., with net assets of over $50 billion.
SEC drops investigation into Australian crypto firm Immutable as regulatory shift continues. The company received a Wells notice in October involving Immutable itself, the IMX Ecosystem Foundation and Immutable's CEO.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE (one click subscribe link)
Raremints (link) - Daily crypto news
Bitcoin Breakdown (link) - Daily Bitcoin news
Techpresso (link) - Daily tech news and insights
The Hustle (link) - Get Smarter on Business and Tech
Your Next Breakthrough (link) - Personal growth with Mark Manson
The Neuron (link) - AI trends and tools to keep you ahead
CAN YOU CRACK THIS NUT? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
When was the first Bitcoin Halving event? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: November 2012 🥳
he first halving took place on November 28, 2012, and saw the block reward drop from 50 BTC to 25 BTC.
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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.
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