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GameStop has stopped buying Bitcoin since April. Moreover, X users noticed that Ryan Cohen, founder of GameStop, unfollowed ...
GameStop’s purchase of 4,710 bitcoin marks its first cryptocurrency purchase since the videogame retailer announced earlier this year that it would make bitcoin a treasury-reserve asset.
GameStop's move echoes the actions of software maker Strategy, which has been stockpiling bitcoin for years. Last week, the company added $10.7 million of the cryptocurrency, adding to its ...
Bill Gross says GameStop now mirrors Bitcoin's patterns; the firm plans for more Bitcoin investments and possible crypto ...
Bill Gross, a billionaire investor, won big by betting against GameStop and AMC. He plans to steer clear of the latest meme ...
If Bitcoin continues to appreciate in value, GameStop's move could look like a stroke of genius in a few years. But if it falls, it could end up being a poor capital allocation decision.
This week, GameStop quietly updated its investment policy to include Bitcoin as a treasury reserve asset. With approximately $4.78 billion in cash—nearly 37% of its $12.9 billion market cap ...
NEW YORK — GameStop shares sunk Thursday after its plan to sell debt in an effort to fund purchases of bitcoin raised some questions on Wall Street. The video game retailer announced a private ...
GameStop published a press release last night to confirm its Bitcoin acquisition. Based on Bitcoin’s valuation around the time of the purchase, GameStop spent north of $500 million on the purchase.
Renowned economist Peter Schiff criticized video game retailer GameStop Corp.’s (NYSE:GME) potential move to invest in Bitcoin (CRYPTO: BTC) on Thursday, likening it to a desperate attempt ...