In a strategic merger, Nakamoto Holdings and KindlyMD have raised $51.5 million through a private-investment-in-public-equity deal to expand their Bitcoin treasury, reflecting a growing corporate interest in cryptocurrency.

GameStop’s shares tumbled over 15% after the retailer announced a $1.75 billion convertible bond offering to fund its aggressive Bitcoin purchase strategy, mirroring moves by companies like MicroStrategy. Analysts express skepticism as the company faces declining revenues and market uncertainty.