GameStop boss Ryan Cohen said Tuesday on CNBC’s Squawk Box that the company’s recent crypto play is strictly about protecting itself from inflation, not trying to copy other firms. “I look at it as a ...

The pivot to Bitcoin puts GameStop on a similar path to Strategy (MicroStrategy) (NASDAQ: MSTR), and investors hope it will produce similar results. Strategy's share price is up nearly 150% over ...

GameStop has acquired 4,710 bitcoins as a hedge, CEO Ryan Cohen has said, keeping capital allocation cautious amid wider funding plans.

In a strategic repositioning, the GameStop CEO hints at a willingness to accept cryptocurrency in exchange of trading ...

Bitcoin Strategy May Not Win Over Stock Investors GameStop's purchase of 4,710 bitcoins on May 28 for around $500 million was one of the highlights in Pachter's note. The analyst said GameStop has ...

GameStop's Ryan Cohen discusses the firm's $500M Bitcoin investment as inflation hedge and possible crypto acceptance for trading cards.

How companies like MicroStrategy and SharpLink are using crypto treasury strategies to reshape corporate finance with bitcoin ...

In 2020, MicroStrategy (now doing business as Strategy) and its co-founder Michael Saylor embarked on a novel concept. They began using the company's capital to buy Bitcoin, the world's largest ...

GameStop, the specialty game retailer, reported 2024 revenue of $3.8 billion and recently announced its purchase of 4,710 bitcoin, worth over $500 million at the time of the transaction. As of ...

GameStop's Bitcoin strategy What makes GameStop particularly interesting as a potential investment now is its well-capitalized balance sheet. It ended last quarter with $6.4 billion in cash -- a ...

GameStop earned $44.8 million, or 9 cents a share, in the quarter, improving on a net loss of $32.3 million, or 11 cents a share, in the prior year's quarter and marking the company's fourth ...

Strategy, formerly known as MicroStrategy, has been accumulating Bitcoin for several years -- and has used some convertible debt to do it. And it's tough to argue with management's decision.