Odaily Planet Daily reported, citing analyst Emmett Gallic on X, that GameStop spent $500 million in May 2025 to buy 4,710 BTC. In January this year, the company pledged 4,709 BTC to Coinbase Credit as collateral for covered call options, removed that portion of Bitcoin from its balance sheet, and booked $368.3 million in accounts receivable. The accounting treatment contributed to a net loss of $131.6 million. Since the pledge, Bitcoin's price has fallen about 25%.

A stash of 500 BTC valued at roughly $35 million moved on-chain on March 24 after sitting idle for nearly a decade. The coins were linked to convicted Irish cannabis grower Clifton Collins, whose 6,000 BTC holdings had been widely viewed as irretrievable since 2017. The transfer was not a "whale" coming back to life. Irish authorities said it was the result of a law-enforcement operation. Ireland's Criminal Assets Bureau (CAB), working with Europol, accessed the wallet and moved the Bitcoin to Coinbase. Collins, a Dublin native, previously worked as a security guard and beekeeper before moving into cannabis cultivation. He bought most of his Bitcoin in 2011 and 2012, when prices were still in the single digits, using proceeds from cultivation operations he ran across multiple Irish counties over more than a decade. As his crypto holdings grew, Collins split 6,000 BTC across 12 wallets, placing 500 BTC in each. He printed the private keys on an A4 sheet and hid them in a fishing rod case at his home in Galway. He was arrested in 2017 after police found cannabis in his car during a traffic stop. His landlord later emptied the rental property and sent the belongings to a landfill. The fishing rod case—and what was believed to be the only copy of the private keys—was likely destroyed. Collins later suggested a burglary at his home may also have contributed to the loss. Ireland's High Court ordered the Bitcoin confiscated in 2020, but with the keys presumed gone, CAB could only wait. At the time, the 6,000 BTC was estimated at about €53 million. It has since climbed to around €360 million. BeInCrypto reported on the missing Bitcoin in February 2020, when the keys were still thought to be lost permanently. CAB and Europol have not disclosed how access was obtained. Europol said only that it provided "highly complex technical expertise and decryption resources." The reference to "decryption" has fueled speculation. One possibility is that the keys were stored in an encrypted wallet file protected by a weak password that investigators could brute-force. Another theory is that Collins generated the 12 key pairs with a flawed tool, such as a weak random number generator that produced predictable outputs, enabling investigators to reconstruct the keys—more akin to cryptanalysis than decryption, though the terms are often used loosely in official statements. Investigators are reportedly confident the method used here can be applied to the remaining wallets. If successful, Ireland would recover the full 6,000 BTC, making it the largest seizure the CAB has ever brought to market.

U.S.-listed spot Bitcoin exchange-traded funds saw a combined net outflow of $66.71 million on March 24, according to crypto analyst Trader T. BlackRock's IBIT reported $4.76 million in net redemptions, Fidelity's FBTC recorded $45.35 million, and Bitwise's BITB saw $16.6 million leave the fund.

TODAY: Irish drug dealer Clifton Collins deposited 500 BTC worth \u002235.44M\u0022 into Coinbase nearly 10 years after the holdings were thought to be gone. The Bitcoin stash was presumed lost after his private keys were discarded around the time of his 2017 arrest.

Bernstein Research says Bitcoin may have already put in a bottom and could climb to $150,000 by the end of 2026, according to ChainCatcher, citing Bloomberg. The firm argues the crypto market is shifting away from retail-driven speculation toward institutional ownership and financing, creating a more mature structure that can dampen volatility during drawdowns and potentially lengthen the current cycle. Bitcoin has fallen more than 50% from its prior peak of about $126,000 in October last year to roughly $70,000, yet the move did not set off the cascading liquidations seen in earlier cycles, Bernstein said. The firm added that spot Bitcoin ETFs held up through the correction, with outflows later reversing. Banks expanding Bitcoin-related financial services are also opening additional routes for institutional participation. Bernstein highlighted continued accumulation by companies such as Strategy, which has been increasing its Bitcoin holdings using equity and preferred securities financing. The firm said purchases are running ahead of new issuance, absorbing a meaningful share of incremental supply. On the supply side, Bernstein noted long-term ownership remains highly concentrated, with more than 60% of Bitcoin supply dormant for over a year. ETFs hold about 6.1% of total supply. Bernstein said both dynamics can support price stability. The firm said these trends call into question the view that Bitcoin's four-year cycle will peak in 2025, and it projects a potential price of $200,000 by the end of 2027.

Clifton Collins was previously reported to have written his Bitcoin private keys on paper. During a house cleanout, the sheet was allegedly tossed, cutting him off from 6,000 BTC (about $423.5M). Now there are signs the keys may have resurfaced — or that not all of the BTC was ever gone. After 10 years of inactivity, a wallet labeled \u0022Clifton Collins: Lost Keys\u0022 transferred 500 BTC (about $35.44M) to Coinbase Prime.

March 25 — Coinglass data cited by BlockBeats show that Strategy and on-chain whales have sharply stepped up Bitcoin accumulation. Bitcoin balances in CEX wallets have fallen to a two-year low of 2.4633 million BTC. Centralized exchanges recorded a net outflow of 8,323.72 BTC over the past 24 hours, while net outflows totaled 32,190.17 BTC over the past 30 days.

ChainCatcher cited Coinglass data showing a sharp pickup in accumulation by strategy funds and on-chain whales. Bitcoin holdings on centralized exchange (CEX) wallets have fallen to their lowest level in nearly two years, at 2.4633 million BTC. Over the past 24 hours, exchanges recorded a net outflow of 8,323.72 BTC. Net outflows over the last 30 days totaled 32,190.17 BTC.

ChainThink said Coinglass data as of March 25 show Strategy and major on-chain holders have stepped up Bitcoin accumulation. Bitcoin held in centralized exchange (CEX) wallets has dropped to a two-year low of 2.4633 million BTC. CEXs recorded a net outflow of 8,323.72 BTC over the past 24 hours, bringing net outflows for the past 30 days to 32,190.17 BTC.