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Reading: Hot Development: Elon Musk’s favorite giant crypto currency investment announced
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Hot Development: Elon Musk’s favorite giant crypto currency investment announced
Bitcoin and BTC

Hot Development: Elon Musk’s favorite giant crypto currency investment announced

vitalclick
Last updated: June 10, 2025 8:41 pm
4 days ago
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Bitcoin (BTC) $109,754.45 price There are explanations about $ 109,400 and that negotiations with China are going well. At the same time, we have seen a leak for the left Coin ETF that it is expected to be approval within 3 weeks. Crypto coins are moving to the summer bull if they do not encounter a big surprise. The last good news came before.

Gamestop and Bitcoin (BTC)

The company last month Bitcoin It was officially announced to invest, and now the amount of purchase became clear. During the Great Gamestop Rally in 2021, gigantic hedge funds were raised by individual investors and had an event that would go to the history of finance. In those days, Elon Musk helped them to overcome the key resistance point by supporting Gamestop investors.

Dog And GME investors and Elon Musk are actually in the same group. Although it has recently put a distance between crypto currencies, Musk loves this big and entertaining individual investor community.

Gamestop Between May 3 and 10 June, he announced that he had received 4,710 BTCs. This means that we have a new public company that makes up the Bitcoin reserve. The Strategy team expects the number of public companies that hold BTC next year to exceed 600. Each one of the hundreds of millions or even billions of dollars can trigger the huge scarcity of supply for BTC. Of course, this means that crypto currencies grow further.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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