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GameStop Spent Over Half a Billion Dollars Buying Bitcoin. Here's What That Could Mean for the Struggling Stock
GameStop (NYSE: GME), the subject of a meme stock craze several years ago, is making some big moves. The embattled video game retailer has raised a tremendous amount of money and begun acquiring ...
GameStop's purchase of 4,710 bitcoin marks its first cryptocurrency purchase since it announced earlier this year that it would make bitcoin a treasury-reserve asset GameStop Corp. shares fell ...
GameStop said Wednesday it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game retailer began its crypto purchasing plan in a similar move made famous by ...
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...
Swan Bitcoin’s John Haar says shockwaves would be sent through the markets if GameStop uses its $4.6 billion in cash to buy Bitcoin and commits to buying more. GameStop Corp. (GME) has acknowledged a ...
In 2021, Michael Burry helped ignite the meme stock frenzy by accumulating a 5% stake in GameStop (NYSE:GME) through his Scion Asset Management fund. He pushed management to repurchase shares, citing ...
GameStop's $4.6 billion cash hoard could lead to significant upside if invested in Bitcoin, but this remains speculative and risky. Given the high uncertainty and potential risks, I'm not interested ...
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