Circle's stock surged significantly this week, reflecting strong institutional interest in its USDC stablecoin after a recent IPO that saw its share price soar by over 347% since its debut. Conversely, GameStop has struggled, announcing a $2.25 billion offering in convertible bonds while its stock price plunged over 22%. The lack of clarity on how GameStop plans to utilize its cash, including potential Bitcoin purchases, has led to criticism of what some call its 'black box' strategy regarding Bitcoin. Meanwhile, SharpLink Gaming reported a severe stock drop of over 70% following SEC filings related to its Ethereum treasury strategy, despite confirming a significant war chest accumulated for deploying Ethereum. Overall, the week saw contrasting fortunes across the crypto-related stock landscape, highlighting the volatile nature of the industry.

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