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GameStop boss Ryan Cohen said Tuesday on CNBC’s Squawk Box that the company’s recent crypto play is strictly about protecting itself from inflation, not trying to copy other firms. “I look at it as a ...
GameStop Corp. shares fell Wednesday after the videogame retailer announced its first purchase of bitcoin on a day that bitcoin prices fell. In a one-sentence press release, GameStop (GME) said it ...
Retail buzz around GameStop (GME) intensified on Thursday, as the video game retailer’s stock snapped a six-session losing ...
In a strategic repositioning, the GameStop CEO hints at a willingness to accept cryptocurrency in exchange of trading ...
GameStop's Ryan Cohen discusses the firm's $500M Bitcoin investment as inflation hedge and possible crypto acceptance for trading cards.
Video game retailer GameStop's (NYSE: GME) business has been struggling for years, as more of the gaming market continues to shift to digital downloads. There are a couple of different components ...
Bitcoin Strategy May Not Win Over Stock Investors GameStop's purchase of 4,710 bitcoins on May 28 for around $500 million was one of the highlights in Pachter's note. The analyst said GameStop has ...
GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the company’s X account.
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 ...
GameStop has acquired 4,710 bitcoins as a hedge, CEO Ryan Cohen has said, keeping capital allocation cautious amid wider funding plans.
GameStop shares slid on Thursday after the video game retailer and meme stock announced plans for a $1.75 billion convertible notes offering to potentially fund its new bitcoin purchase strategy.
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.