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According to a filing with the SEC, GameStop has stated that the funds will be used for "general corporate purposes, including the acquisition of Bitcoin". 

Despite a challenging start to the year for Bitcoin, with the cryptocurrency experiencing a 12% decline in Q1 2025—its worst quarterly performance in seven years—Tether has remained committed to its accumulation strategy.

The new product offers European investors a chance to gain direct exposure to Bitcoin through a regulated investment vehicle, making it easier and safer for both institutional and retail investors to enter the cryptocurrency market.