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Bill Gross says GameStop now mirrors Bitcoin's patterns; the firm plans for more Bitcoin investments and possible crypto ...
GameStop shares tumbled 22% on Thursday after the company announced plans to raise $1.75 billion through convertible senior notes, according to Benzinga. While the notes are earmarked for "general ...
GameStop's Ryan Cohen discusses the firm's $500M Bitcoin investment as inflation hedge and possible crypto acceptance for trading cards.
Perhaps the real winner in GameStop's move — and Trump Media's bitcoin acquisition — is, in fact, Strategy itself, which yet again sees its strategy validated by the sincerest form of flattery.
Notably, GameStop adopted a Bitcoin treasury strategy earlier this year and made its first purchases, about 4,700 BTC for $512.6 million, last month.
Bitcoin treasuries have moved from a curiosity to a capital markets trend with teeth. What began as MicroStrategy’s audacious ...
Like other firms, GameStop has most likely taken inspiration from Strategy's playbook. The business software firm's stock has shot up 117% in a year as it continues to add to its stash of the crypto.
Publicly traded companies are raising millions of dollars to build crypto treasuries, but one analyst says many aren’t actually buying.
Earlier, GameStop reported net income of $131.3 million for the fiscal year 2024, up from $6.7 million the previous year, even as net sales declined from $5.27 billion to $3.82 billion.