Tag Archives: gamestop

GameStop Didn’t Sell Bitcoin — What It Did Instead Will Anger BTC Maxis

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On‑chain trackers showed GameStop’s $324 million worth of bitcoin leaving its wallets for Coinbase. Many assumed a full‑blown dump, but SEC filings show the company still has exposure to Bitcoin, just not in the way most traders think. A Bitcoin “Covered-Call” Deal On paper, GameStop now only owns 1 BTC. The gaming company’s latest 10-K… Continue reading GameStop Didn’t Sell Bitcoin — What It Did Instead Will Anger BTC Maxis→

GameStop (GME) Down Bad After Bitcoin News — Here’s The Catch

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GameStop (NYSE: GME) suffered a sharp 25% drop yesterday, a sudden downturn that followed a 16% rally on March 26. The catalyst? A bold decision by the gaming retailer’s board to establish a Bitcoin treasury—joining the ranks of MicroStrategy, Metaplanet, and other corporations. Initially, the news sent GME shares soaring, as investors viewed the move… Continue reading GameStop (GME) Down Bad After Bitcoin News — Here’s The Catch→

GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase

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GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senior notes.  This move comes just a day after GameStop… Continue reading GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase→

GameStop Board Unanimously Approves Bitcoin As Treasury Reserve Asset

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In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market’s largest cryptocurrency, Bitcoin (BTC).  This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which… Continue reading GameStop Board Unanimously Approves Bitcoin As Treasury Reserve Asset→