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business / markets6 months ago

https://kotaku.com/gamestop-500-million-bitcoin-purchase-stores-close-1851782982https://www.tradingview.com/news/tradingview:d8b3f498f094b:0-gme-gamestop-stock-zig-zags-on-first-bitcoin-purchase-4-710-coins-worth-500-million/https://www.businessinsider.com/gamestop-bitcoin-price-investment-strategy-trump-media-djt-gme-metaplanet-2025-5
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Highlights
  • GameStop invests $512M in Bitcoin, using nearly 11% of its cash reserves.
  • The crypto purchase marks a shift to digital assets as GameStop faces store closures.
  • Stocks fell 10% after the buy, showing cautious investor reaction to the crypto move.

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References

GameStop Doubles Down On Crypto With Massive Bitcoin Purchase As Stores Close

GameStop Doubles Down On Crypto With Massive Bitcoin Purchase As Stores Close

GME: GameStop Stock Zig-Zags on First Bitcoin Purchase — 4,710 Coins Worth $500 Million

GME: GameStop Stock Zig-Zags on First Bitcoin Purchase — 4,710 Coins Worth $500 Million

GameStop just bought $500 million of bitcoin in its first-ever crypto investment

GameStop just bought $500 million of bitcoin in its first-ever crypto investment

GameStop buys over $500M worth of bitcoin in 1st crypto investment

GameStop buys over $500M worth of bitcoin in 1st crypto investment

Investors flee GameStop following $500 million Bitcoin splurge

GameStop shares plunge for second day after retailer buys half billion dollars' worth of Bitcoin

GameStop shares plunge for second day after retailer buys half billion dollars' worth of Bitcoin

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