GameStop Buys Bitcoin: Smart Strategy or Big Mistake?
As dubious as it may seem, GameStop's NYSE: GME shift to Bitcoin (CRYPTOCURRENCY: BTC) could pay off over time. Evidently, the gaming resale industry is dead money; investing in BTC provides a path forward, but it will be a long road to travel.
GameStop adds Bitcoin to its treasury
GameStop Corp (NYSE:GME) has jumped headfirst into crypto, revealing on Wednesday that it bought 4,710 Bitcoin — a stash worth roughly $513 million at current prices. The video game retailer didn't say when it made the purchase, what it paid, or whether the move happened all at once or in stages.
GameStop makes its first bitcoin buy. Here's why the stock is pulling back.
GameStop's purchase of 4,710 bitcoin marks its first cryptocurrency purchase since the videogame retailer announced earlier this year that it would make bitcoin a treasury-reserve asset.
GameStop shares rise as retailer meme stock buys first bitcoin batch, scooping up $500 million
The purchase, GameStop's first investment in bitcoin, was worth $512.6 million with bitcoin's price of $108,837 Wednesday.
Here's why GameStop stock is surging
The GameStop (NYSE: GME ) stock is up +5.99% today, riding the weekly momentum of +24.81%. What's going on?
GameStop Corp. (GME) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to GameStop (GME). This makes it worthwhile to examine what the stock has in store.
Here's why GameStop's stock has been in play again. It's not a meme thing this time.
Shares of videogame retailer and original meme stock GameStop are riding the bitcoin wave.
GameStop (GME) Stock Dips While Market Gains: Key Facts
GameStop (GME) closed the most recent trading day at $27.89, moving -1.97% from the previous trading session.
Investors Heavily Search GameStop Corp. (GME): Here is What You Need to Know
Zacks.com users have recently been watching GameStop (GME) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
GameStop (GME) Rises Higher Than Market: Key Facts
The latest trading day saw GameStop (GME) settling at $28.39, representing a +1.21% change from its previous close.
GameStop Trading at a Premium: Should You Restrain Buying GME Stock?
GameStop Corp. GME, which sparked the meme-stock revolution, continues to defy conventional market logic. While its fundamentals have yet to catch up with its lofty valuation, retail investor enthusiasm remains strong.
Here is What to Know Beyond Why GameStop Corp. (GME) is a Trending Stock
Zacks.com users have recently been watching GameStop (GME) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
