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Shares of GameStop, the video game retailer that recently pivoted to Bitcoin investment, plummeted on Thursday after the ...
GameStop shares have tumbled 20% since the announcement, falling from $28.50 to $23. While the company did not name Bitcoin specifically as a reason for the capital raise, it did say that the mone ...
Shares of the video game retailer GameStop ( GME -23.62%) had tanked roughly 19%, as of 10:18 a.m. ET today. The company announced plans to issue $1.75 billion in convertible notes for "general ...
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It's been a long and chaotic journey for GameStop, the brick-and-mortar giant of the video game universe. As foot traffic declined in malls and digital video game purchases became more common, ...
In March, GameStop announced it would raise $1.3 billion in capital through convertible senior notes in order to purchase Bitcoin. The company made its first $500 million-plus purchase of Bitcoin ...
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Zacks Investment Research on MSNGameStop Stock Selloff Explained - Buy Chance or Value Trap?Video game retailer GameStop Corp. GME shares had unpredictable price swings in 2021 due to a short squeeze, followed by a ...
Based on CoinGecko data from June 12, Bitcoin is trading at $107,647, valuing GameStop’s crypto purchase at approximately ...
also saw its shares plunge after announcing a $2.5 billion capital raise to purchase Bitcoin. Since the May 27 announcement, TMTG stock has dropped over 24%. GameStop’s stock has experienced a ...
GameStop has increased its convertible note offering to $2.25 billion, up from the $1.75 billion announced earlier this week.
GameStop's acquisition of "just" roughly $500 million of bitcoin (the dates and prices of the buys weren't disclosed) could be a disappointment given the company's $1.3 billion capital raise, not ...
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