Bitcoin is experiencing a surge, reaching new highs around $109,400, driven by positive news from China regarding crypto regulations and anticipation of the SOL Coin ETF approval in the coming weeks. This bullish momentum is further amplified by GameStop’s strategic investment in Bitcoin. 4,710 BTC were acquired by the company between May 3rd and June 10th, establishing them as a significant player with Bitcoin reserves. The move mirrors the historic GameStop surge of 2021 where individual investors challenged hedge funds, gaining valuable insights from Elon Musk’s active support during that period. GameStop is joining other public companies in acquiring large amounts of Bitcoin, signaling a growing corporate interest in crypto assets. This trend could lead to increased demand and potentially trigger a scarcity effect, contributing to further growth for the cryptocurrency market. The company’s bold move suggests a burgeoning trend of Bitcoin adoption by corporations, setting the stage for a dynamic future for the cryptocurrency landscape.