Android app Apple app link

Why is GME stock down today? GameStop is betting $500 million on bitcoin, but investors aren't buying it

By Yahoo! Finance   |   1 month ago
Why is GME stock down today? GameStop is betting $500 million on bitcoin, but investors aren't buying it

GameStop has invested $500 million in bitcoin, following a strategic decision to add the cryptocurrency to its treasury reserves. CEO Ryan Cohen aims to boost profitability, with the company's stock rising 8% this year. This move aligns GameStop with other companies embracing cryptocurrency.

Read More

Did you find this insightful?

Exclusive Content

Access to this content is reserved for premium members. Unlock all features by upgrading to a premium membership.

Get the App

To join as a premium member, please download our app and complete your membership purchase there.