Video game retailer GameStop has announced a large $1.75 billion convertible senior notes issuing, the latest financial move by the company as it shifts its focus to investing in cryptocurrency. The news arrives a day after the distressed retailer announced its initial Bitcoin purchase, marking a strategic change in how
Wall Street most talk about the firm, GameStop, has become an unlikely force in the world of cryptocurrency. The company purchased more than 4,710 Bitcoin, totaling more than half a billion dollars, as part of a broader strategic shift toward digital assets. The shift is part of the company, which
GameStop has officially entered the Bitcoin market with a purchase of 4,710 BTC, according to a May 28 SEC filing. The acquisition marks the company’s first confirmed investment since announcing its intent to adopt Bitcoin as a treasury reserve asset. With Bitcoin trading near $109,080 at the time, the total
GameStop, a video game-selling company, has recently closed its issuance of $1.5 billion convertible senior notes. Following this, the firm reported its intention to utilize the funds raised to buy Bitcoin for its balance sheet. This announcement reflects a vital move given GameStop’s need to find new income sources as
Just a day after revealing plans to add Bitcoin (BTC) to its balance sheet, GameStop (GME) is taking things a step further. The company, led by CEO Ryan Cohen, is raising $1.3 billion by issuing convertible senior notes, aiming to use the funds for Bitcoin purchases. The five-year bonds, set
GameStop, the video game retailer and original meme-stock company, has officially announced that its board has unanimously approved adding Bitcoin as a treasury reserve asset, as per its press release on March 25th. This means GameStop will start using some of its corporate cash—possibly even future debt or equity—to invest
GameStop’s stock has made a significant 18% growth following the news that the company might add Bitcoin to its balance sheet. The company has not yet confirmed the move officially, but the sources are now exploring the possibility of this strategic decision. On February 13, 2025, GameStop’s stock climbed from
Morgan Stanley-owned trading platform ETrade is speculating on prominent youtube/finance influencer Roaring Kitty’s actions in the market according to Wall Street Journal reports. The financial services company has closely watched the influencer’s ETrade account. It is considering removing him from the platform suspecting GameStop’s ‘stock manipulation.’ Notably, ETrade has reported
Keith Gill, better known by his Reddit handle “Roaring Kitty,” revealed that he owns $181.4 million worth of GameStop (GME) stock and call options, sending the stock price soaring by more than 19% in overnight trading. The trader commonly acknowledged as having a significant impact on the 2021 GME short
Frog-themed memecoin PEPE had remarkable growth this week and soared over 30%, hitting a new all-time high yesterday at $0.00001128. It gained immense attention as the price surged almost by 109% in the past month and 901% in the past 6 months. Investors and analysts are looking confidently at the
