Stocks

GameStop disclosed that it pledged 4,709 of its 4,710 Bitcoin to Coinbase as collateral for an over-the-counter covered call strategy, rather than selling the holdings. The options carried strike prices of $105,000 to $110,000 per BTC and ran through March 27, 2026, with Bitcoin around $66,000–$67,000 at the time described. The filing also reported a $0.7 million options liability and a $2.3 million unrealized gain, while reclassifying the collateralized BTC into a $368.3 million digital asset receivable as of January 31, 2026.

JPMorgan Chase strategists led by Fabio Bassi lowered the bank's 2026 year-end S&P 500 target from 7,500 to 7,200, citing geopolitical risks and tighter oil flows through the Strait of Hormuz. The team said reduced shipping traffic and higher energy prices could weigh on U.S. profits and growth; at the time of writing the index stood at 6,591 while WTI spot traded at $95.36 per barrel.

AppLovin Corp (APP) shares fell sharply on March 27, 2026, dropping 10.41% to close at $391.21. The decline marks a significant acceleration of a 90-day downward trend that has seen the stock lose 45.23% of its value from recent highs. Despite reporting stellar historical earnings, the "adtech darling" is currently facing a crisis of confidence as investors grapple with emerging AI competition, short-seller allegations, and a darkening macroeconomic backdrop.

As of March 27, 2026, markets are facing intense pressure. Bitcoin is holding the $68,000 to $70,000 range despite challenges after the FOMC meeting, while Gold has dropped sharply from its $5,000 high and is approaching a key Fibonacci support level. At the same time, a major SEC and CFTC decision has officially classified Bitcoin, Ethereum, XRP, and Solana as digital commodities, the biggest regulatory change since the 2024 ETF launches.

Meta Platforms (META) shares plummeted on March 26, 2026, dropping 7.92% to close at $547.75.() The sell-off erased roughly $120 billion in market value in a single session. The catalyst was a pair of back-to-back legal defeats in California and New Mexico that investors fear could be a Big Tobacco moment for social media, a fundamental shift in liability that could lead to multibillion-dollar settlements and forced product redesigns.

The FTC said on March 26 that it sent warning letters to Paypal, Stripe, Visa, and Mastercard over policies and practices that may limit customer access to financial services. The agency signaled that account restrictions or service denials that conflict with disclosed terms or reasonable consumer expectations could lead to investigations or enforcement actions.

GameStop’s fiscal 2025 annual report says it used 4,709 of its 4,710 bitcoin as collateral with Coinbase Credit to sell OTC covered-call options rather than exit the position. The Form 10-K filed March 24, 2026 details strike prices of $105,000–$110,000 per BTC, maturities through March 27, 2026, and a reported $131.6 million fiscal-year loss tied to digital assets and related receivables.

Bitcoin fell below $69,000 on Thursday after MARA Holdings disclosed it sold a large portion of its BTC stack to support a push into AI computing. The company said it sold 15,133 BTC for roughly $1.1 billion during March 4–25, cutting its holdings by about 28% from 53,822 BTC at the start of March.

Bernstein analyst Gautam Chhugani says the current Bitcoin drawdown represents a cycle bottom and reiterates a year-end BTC target of $150,000. The firm also set a $450 price target for Strategy, implying 226% upside from Monday's $138.20 close, citing $56 billion of Bitcoin and cash versus $18 billion of total debt. Bernstein points to $2.2 billion of net Bitcoin ETF inflows over four weeks and ETF ownership of 6.1% of supply as key supports.

MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion between March 4 and March 25, 2026, using the proceeds to repurchase $1 billion of its 0% convertible senior notes due in 2030 and 2031. The company also updated its treasury policy in early March to permit BTC sales and is shifting capital toward AI-focused computing infrastructure, including a planned 1 GW initiative with Starwood Digital Ventures.