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GameStop’s CEO, Ryan Cohen, just dropped a bomb on CNBC, calling Bitcoin a “hedge against inflation and global money printing”. This comes right after the company threw over $500 million into BTC, buying 4,710 coins in late May. While some investors are cheering the move as visionary, others are sweating over BTC ▲2.02% wild price … Read more
Key Takeaways GameStop views its $500 million Bitcoin investment as a hedge against inflation and global money printing. The company is considering accepting crypto payments for trading cards. Share this article GameStop, backed by a strong balance sheet with over $9 billion in cash and marketable securities, plans to deploy more capital into Bitcoin and … Read more
GameStop is auctioning an infamous stapler that punctured the screens of new Nintendo Switch 2 screens. CEO Ryan Cohen raised the stakes Thursday by offering his underwear as well. On Friday, he said if bidding tops $1 million, he will hand deliver the personal garments – and take the winner to lunch at McDonald’s. Gamers … Read more
GameStop has raised the size of its planned convertible note sale to $2.25 billion from the original $1.75 billion. According to the company’s June 12 press release, the notes, which do not pay interest and are due in 2032, will be sold privately to large institutional investors. GameStop also gave buyers the option to purchase … Read more
Shares of GameStop, the video game retailer that recently pivoted to Bitcoin investment, plummeted on Thursday after the company announced plans to raise $1.75 billion in debt financing from investors, it’s second such plan in the past few months. GameStop shares have tumbled 20% since the announcement, falling from $28.50 to $23. While the company … Read more
From mall staple with neckbeard cashiers to Reddit rally cry, the latest GameStop offering has moved into convertible debt, looking to raise $1.75 billion in private funding. What it plans to do with the money is anyone’s guess, but the crypto crowd is already bracing for a BTC headline. It’s a long way from selling … Read more
GameStop announced on Wednesday that it bought 4,710 bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular — plus, the company took on a new kind of notoriety when it unwittingly … Read more
On 28 May 2025, popular American video game and electronics retailer GameStop confirmed the purchase of 4710 Bitcoins through a post on X. The company’s first crypto investment, especially after Bitcoin’s recent ATH, is worth over $512 million. The move comes after GameStop’s board unanimously approved an update to its investment policy to add BTC … Read more
A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images 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 … Read more
Key Takeaways GameStop acquired 4,710 Bitcoin in a strategic shift to include crypto in its financial strategy. The company raised $1.5 billion through convertible notes for this Bitcoin purchase. Share this article GameStop announced Wednesday it had acquired 4,710 Bitcoin in its first crypto purchase, marking a new direction in the video game retailer’s financial … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4