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Cryptopolitan on MSNGameStop stopped buying Bitcoin; Cohen unfollows Bitcoiners on X
GameStop has stopped buying Bitcoin since April. Moreover, X users noticed that Ryan Cohen, founder of GameStop, unfollowed ...
Bill Gross, a billionaire investor, won big by betting against GameStop and AMC. He plans to steer clear of the latest meme ...
Today, GameStop's 4,710 BTC has a market value of approximately $500 million, which makes it roughly 5% of the stock's $10 billion market cap. The company will have to acquire much more Bitcoin to ...
Perennial meme stock GameStop (NYSE: GME) has taken its shareholders on another roller-coaster ride of volatility so far in 2025. In May, its stock price soared to $35.81, near a 52-week high, but ...
The company acquired 4,710 Bitcoin—worth over $500 million at its current price—with funds raised in a similar debt financing round from April in which GameStop raised $1.5 billion.
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.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages. Just because a ...
The price of bitcoin has stayed largely above the $100,000 mark for more than two months, boosting the value of the nearly 1 ...
GameStop now owns just over 4,700 bitcoins, making that its largest investment of the year by far. Still, even at such a size, the bitcoin price would have to rise dramatically for this to have a ...
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.
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