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GameStop said it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock.
GameStop’s shares sank 20% as the firm upsized its note offering by $500 million, signaling more potential Bitcoin acquisitions.
GameStop stock plummeted after the video game seller announced that it intends to sell $1.75 billion worth of convertible bonds.
GameStop Corp (NYSE:GME) shares are falling in Wednesday's after-hours session after the company announced a proposed private offering.
GameStop shares fell in extended trading Tuesday as the retailer's quarterly revenue fell year-over-year.
GameStop (GME) Q1 2025 earnings results beat profit expectations and miss revenue estimates GameStop stock took a steep dive following the release of its latest earnings report.
GameStop CEO says collectibles fueled company's turnaround Jordon Fong, a collector from Turlock, California, celebrates with GameStop employees after submitting the 1 millionth item for grading.
GameStop announced on Wednesday that it bought 4,710 bitcoin, which is worth over $500 million at the time of the purchase.
Video game retailer GameStop has begun investing in bitcoin with a purchase of 4,710 bitcoin. It revealed the acquisition of the cryptocurrency on Wednesday.
GameStop announced the purchase of 4,710 bitcoins on Wednesday. The video game retailer said in March that it would start amassing crypto.
GameStop on Wednesday announced it has bought 4,710 bitcoin, worth over $500 million, as the video game retailer makes its first major foray into cryptocurrency.
GameStop’s move adds to the 30 companies with Bitcoin reserves listed on the Nasdaq, with treasuries worth a combined total of more than $85 billion — about 2% of the coin’s total market cap.
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