GameStop, the video game retailer, has transitioned from near bankruptcy to investing in Bitcoin, seeking to secure its future. With a corporate cash balance of nearly $4.8 billion, up from $922 million a year earlier, GameStop aims to replicate the success of Michael Saylor’s company, Strategy, which has seen its stock rise over 2,100% since entering the Bitcoin market. GameStop announced plans to invest in Bitcoin and stablecoins, a move hinted at following a meeting between CEO Ryan Cohen and Saylor. Additionally, tokenization efforts are expanding with launches like REX, a platform for representing real estate assets. CME Group is also rolling out a tokenization program to improve capital market efficiency. Finally, Bitcoin mining revenues have shown signs of stabilization after the April 2024 halving, with miners adapting to reduced rewards while maintaining significant holdings of mined Bitcoin, indicating a bullish sentiment despite market volatility.

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