GameStop’s Bitcoin Bet, Solana’s Institutional Win, and Kaito’s Marketing

Bullish crypto markets driven by corporate investments, institutional funds, and cutting-edge AI-driven marketing

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Token Metrics Daily
May 29, 2025

Happy Thursday, TM Family!

Welcome to the Token Metrics Research | Daily newsletter, where we cover key market movements, regulatory updates, and early alpha for our readers and investors. 

Let’s dive in! 

In Today’s Edition

  1. Market Update: BTC and ETH Price Action, Options Expiry Looms 

  2. GameStop’s Bold Bitcoin Purchase 

  3. Solana’s Institutional Momentum: $1B Raise and Liquid Staking 

  4. Kaito: A Rising Star in Crypto Marketing 

1. Market Update: BTC and ETH Price Action, Options Expiry Looms 

Bitcoin (BTC) is currently trading at approximately $108,498, having corrected from its recent all-time high of $111,000. Ethereum (ETH) is priced at around $2,722, reflecting a 3.25% increase over the past 24 hours.

A significant options expiry is scheduled for Friday at 08:00 UTC on Deribit, involving over $10B in contracts (93,131 contracts, 53% calls, 47% puts). The largest delta concentration is at the $95,000, $100,000, and $105,000 strikes, with a total delta exposure of $2.8B.

The Deribit DVOL index suggests minimal concern over volatility, but Volmex’s annualized one-day volatility of 45.4% implies a potential 24-hour price move of 2.37%. Investors should closely monitor these levels, as the expiry could introduce short-term volatility.

2. GameStop’s Bold Bitcoin Purchase 

GameStop ($GME), a U.S. video game retailer, has entered the cryptocurrency space by purchasing 4,710 Bitcoin (BTC), valued at approximately $512M at a BTC price of $108,832.

Announced on May 28, 2025, this marks GameStop’s first Bitcoin investment, following its March disclosure to diversify into alternative assets. The purchase was most likely funded through a $1.3B convertible notes offering, as disclosed in their plan in March 2025.

This move positions GameStop as the 13th-largest public holder of Bitcoin, trailing giants like MicroStrategy and Tesla. While the stock rallied over 20% in a week, it dipped 10.9% on the announcement day, reflecting mixed market reactions. This strategic shift indicates the growing trend of corporate Bitcoin adoption as a hedge against inflation, though it introduces volatility risks for GameStop’s stock.

3. Solana’s Institutional Momentum: $1B Raise and Liquid Staking 

Canada-listed SOL Strategies has filed a preliminary base shelf prospectus to raise $1B for Solana-focused investments, having already secured a $500M convertible note and spent $20M to purchase 122,000 SOL.

DeFi Development Corp., a Nasdaq-listed Solana-focused crypto treasury firm, has adopted liquid staking token (LST) technology, specifically dfdvSOL, built on Sanctum’s staking infrastructure.

As of May 15, 2025, the firm held 609,190 SOL, worth approximately $105.8M, and recently purchased 16,447 SOL. It also closed a $24M private placement to fund further Solana accumulation. These initiatives reflect growing institutional confidence in Solana’s blockchain ecosystem and its staking capabilities.

4. Kaito: A Rising Star in Crypto Marketing

Kaito, an AI-powered platform, is emerging as a key distribution and marketing channel for crypto projects by addressing information fragmentation. It has a Yaps program, a proof-of-attention mechanism that rewards users for sharing valuable crypto insights.

Recently, Arbitrum partnered with Kaito to launch a leaderboard offering 400,000 ARB tokens over a three-month period to boost community engagement. Kaito’s tools, including real-time data aggregation and sentiment analysis, make it a powerful platform for projects seeking visibility and community interaction.

Meme of The Day

References 

That’s all for today, people. Let’s talk tomorrow.

Your Friends at Token Metrics  

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