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GameStop stock tanks amid news of $1.75B Bitcoin bet: ‘Insane!’
GameStop’s (GME) stock plunged over 20% in after-hours trading after it revealed plans for a $1.75 billion private convertible note offering. The move, aimed at strengthening its financial position, sparked speculation about potential Bitcoin [BTC] acquisitions as part of its broader capital deployment strategy.
Shares of GameStop, the video game retailer that recently pivoted to Bitcoin investment, plummeted on Thursday after the ...
Video game retailer GameStop Corporation (NYSE:GME) recognizes its gaming business is under pressure and is turning to Bitcoin ...
Following the March announcement of the bitcoin treasury strategy, GameStop raised $1.3 billion through another convertible ...
GameStop (GME) plunges after announcing $1.75B convertible notes offering. Dive into its strategy, Bitcoin ventures, earnings ...
4hon MSN
As the video game industry goes increasingly digital, cutting out retailers for software sales, GameStop is pivoting toward the trading-card business, CEO Ryan Cohen said at the company’s annual ...
GameStop purchased 4,710 Bitcoin in cash between May 3 and June 10, following a March board decision to adopt BTC as a ...
The video-game retailer’s Bitcoin investments probably won’t inspire hordes of investors to pile into its stock, while there ...
GameStop announces a $1.75 billion convertible notes offering to fund investments, sparking market reactions. Learn about the ...
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