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Shares of GameStop, the video game retailer that recently pivoted to Bitcoin investment, plummeted on Thursday after the ...
GameStop might be increasing its Bitcoin holdings after announcing a plan to raise $1.75 billion from the sale of convertible ...
GameStop shares have tumbled 20% since the announcement, falling from $28.50 to $23. While the company did not name Bitcoin specifically as a reason for the capital raise, it did say that the mone ...
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It's been a long and chaotic journey for GameStop, the brick-and-mortar giant of the video game universe. As foot traffic declined in malls and digital video game purchases became more common, ...
GameStop hopes its new Bitcoin purchase will bring it success like that of Strategy, which is up over 150% over the past year.
In March, GameStop announced it would raise $1.3 billion in capital through convertible senior notes in order to purchase Bitcoin. The company made its first $500 million-plus purchase of Bitcoin ...
Based on CoinGecko data from June 12, Bitcoin is trading at $107,647, valuing GameStop’s crypto purchase at approximately ...
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, ...
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